A typical entrepreneur, while building his business, faces several challenges on an ongoing basis, especially with respect to finance. One of the key challenges is ensuring positive cash flow. Besides cash flow, other critical issues before an entrepreneur include lack of intelligent reporting and good quality budgeting. Many companies have a good accountant, but from a financing perspective, planning and strategising is the area where they really need help.
While issues regarding planning and strategising can be addressed once you hire a permanent chief financial officer (CFO), it is no secret that experienced CFOs are expensive. Also, often in case of small and medium enterprises, the size of the company does not support the cost of a full-time CFO. And even if these organisations
Read Original : The virtual CFO