The CFO of your business is a senior executive within your organisation, and provides a number of different benefits.
These advantages make a CFO a highly attractive proposition for businesses looking to secure long and short-term financial security. The question is: Is hiring a full-time CFO really worth the investment?
A business adviser is a third-party professional, and does not form a part of your in-house team. However, just because a business adviser is not part of your organisation in the same way a CFO might be does not mean that they are not highly effective. The best business advisers will work to make sure of the following.
Business advisers also offer the following benefits:
Deciding on which option is the best for you really comes down to your own situation. If you have the funds and the resources to hire a full-time CFO, this might be a good idea. You will benefit from having a person on your team around the clock to keep your company on track and to help you grow and develop in the future.
However, for many businesses, this cost is difficult to justify. A business adviser will provide most, if not all, of the same advantages in a far more flexible and cost-effective manner.