If your business is expanding and you’re thinking about hiring a CFO to provide that next level of financial strategic advice, you might be tempted to promote your reliable and experienced bookkeeper or controller. But are they the best person to fill this critical role? Not necessarily.
Although bookkeepers, controllers and CFOs are all essential to the success of a business, their skill sets are very different. While your controller or bookkeeper might become capable of CFO skill sets as they progress in their career, it’s important to identify the skills first and make sure they have the right training and mindset before promoting them.
I recently read an article from Inc.com that clarifies the differences between the two skill sets and highlights what to look for when hiring a CFO. Considering these factors will enable you to make the right decision for your company’s best interests over the long term. You can click here to read the article.
If you need strategic financial advice for your growing business, I invite you to contact me at 214-454-9051 or firstname.lastname@example.org.