A business is not an easy deal, it has to be run at its best and by the best. A CEO is not enough for the smooth functioning of the organization. They need to be supported by an ally. An associate that takes the pressure of by making sure the finance is in safe hands. A Chief Finance Officer is who the business looks up to keep the accounts in the world of opportunities.
Chief Financial Officer
CFOs are financial-driven minds, who are always on their toes to identify the issues and figure a way out to straighten a situation.
A CFOs vision is sharp enough to point out to a problem or a potential threat and come up with a solution to ensure the organization is not affected. There is a strong sense of logical thinking and analytical excellence in their actions.
They’re always on the move maintaining the flow of cash and improving the profits of the organization.
Quoted by one of the award-winning CFOs at CFO innovation awards 2017;
“Being in Control of your finances is a great stress reliever.”
– Maureen O’Connell, Scholastic Inc.
(CFO World-Class Award Recipient)
Hire a CFO at the Right Time
Enlisting a CFO doesn’t make sense for most businesses until they accomplish a heavy income or maybe the point when the founders and board think about an IPO.
Hiring a CFO makes sense if your business is having a significant capital or if the business is looking for an international expansion. It simply means a fast revenue generating organization is ready for a CFO.
So now think again, is it the right time to hire a CFO?
Now that we have established when do we need a CFO let’s look at 3 things to remember while scouting a CFO for the organization;
- Organizations look for CFOs that plan and have the vision to benefit the organization. His strategizing must be backed my effective execution so that the organization could be one of those organizations that not only plan but also perform.
- To find the right CFO for your business isn’t a cakewalk. The CFO must have the expertise of the industry and his work. This is an important factor while hiring a CFO. It is only his experience and talent that will show and make a difference in the accounting numbers of the organization.
- Every workplace has a culture of its own and the employees have to be a part of it. Now, a culture is something that is larger than the business and it is created by the organization and its employees. The CFO may be a really hardworking and efficient one but what matters is does he really blend with the culture. Culture is a very important aspect of an organization and each employee should be a part of its aura. This helps to create an environment that enhances one’s working.