Why a CFO is important to every business, especially those that wants to grow.
Updated: Nov 5, 2024
Why do so many entrepreneurs think they have to wear all the hats? When should an entrepreneur add a CFO to their team? When considering a CFO, what should you look for?
These are a few of the many topics explored in my latest guest podcast appearance on UWM's Lubar Executive Education Podcast with Michael C Markiewicz.
In this podcast, you'll discover:
Why so many entrepreneurs think they have to wear all the hats (CEO, CFO, Head of Sales, Marketing, etc.)
The first role that an enterpreneur should look to fill in their organization.
When considering to hire a CFO, what should you be looking for?
If you can't afford a full time CFO what can you do to get some help?
Once you hire a CFO, how can you best put that expertise to use right away to maximize that investment?
If you listen, would you please leave a review on whatever platform you hear it? It means the world to us and we love to hear your comments!
PPS Solutions is dedicated to educating entrepreneurs to solve business challenges to unlock success by providing fractional CFO services and Due Diligence Services such as Quality of Earnings engagements, Financial Due Diligence, and CFO modeling and financing support to buy or sell any business.
To learn more about how PPS Solutions can help you or your business with a CFO or Full-Service Finance and Accounting, contact us or set up an appointment through our website www.ppsfinance.com
Reading this reminded me of the time I was hired as a project manager at a small tech startup that had just secured its first round of venture funding. The founders were brilliant at product development, but they struggled to translate that excitement into sustainable cash flow. When we finally brought in a CFO, the change was immediate: budgets became realistic, cash burn was tracked daily, and we could forecast runway with confidence https://www.ausbanking.org.au/ Within six months we secured a second round of financing without the frantic last‑minute scramble we’d endured before. The CFO didn’t just crunch numbers; he taught the leadership team how to think strategically about growth versus expense, and that mindset shift saved us from a near‑collapse…