For Los Angeles and Southern California executives, the improving economy is driving fresh looks at growth strategies along with deliberations on when their companies might need CFO-level support.
Developing plans and launching initiatives aimed at growth can require higher-level financial expertise than may be present in the current financial staff.
Business leaders must decide if it’s the right time to bring in CFO-level support, as well as determine if they should hire their first full-time CFO or look at alternatives like bringing in a provider of outsourced CFO services on an as-needed basis.
Reviewed in this week’s article…
…are challenges and potential negative impacts when growth outpaces financial staff skills, as well benefits of CFO-level support.
The decision on when to bring in CFO-level support – and whether to hire a full-time CFO or bring in an on-demand CFO services professional – will depend on a number of factors and vary from company to company.
You may be interested in our complimentary white paper that looks at factors to consider when deciding when CFO-level support is needed: