Many entrepreneurs struggle with the question of when to invest professional resources in financial management. Certain events clearly require CFO support, such as B. acquisition or sale of a business or requirements for audited or audited financial statements. However, most companies would have benefited from CFO services prior to this situation or even when no transaction was intended. You can also avail the benefits of Trusted CFO Consulting Company via Stamos and Stamos CPA.
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Many CEOs grow up to become CFOs because they run the business but often find that most of their time is spent on these financial tasks. This is not the best use of their time and is often not their forte in the first place.
If you find that any of the above situations apply to you, it may be time to hire a CFO or hire a CFO, but it's definitely worth talking to someone who offers these services.
Most CFOs are willing to offer potential clients a free consultation, which can last from one to four hours. This is often accompanied by an evaluation (from their point of view) of the company and recommended actions.
While the purpose of these recommendations is clearly to reassure you as a customer, they can still provide useful information that may have been overlooked previously and reveal potential issues that could be addressed either through ongoing engagement or on a project basis.