"Not having a CFO almost cost me my company."

“Not having a CFO almost cost me my company.” This quote is from a blog on the Chief Executive Boards International website and it really hits home. The well-written article by Terry Weaver goes on the explain the significant value a full-time or part-time Chief Financial Officer can bring to a business over and above their cost. One reason is that “failure to fully understand the company’s financials is one of the top 3 causes of small business failure.” While many business owners rely on their outside CPA to provide financial information, Mr. Weaver explains that most CPAs do not have CFO experience and are usually paid to provide financial statements and tax returns, not to proactively use financial data to guide business strategy and decisions.

This is a great article, available here.

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