Classic Rewind: What Does a CFO Do?
Episode description
In this episode, Ryan discussed:
- A CFO’s job is to track and analyze
- CFOs bring corrective action plans
- Can small businesses benefit from CFOs?
Key Takeaways:
- A CFO tracks revenues, profit, and cashflow and then analyzes the strengths and weaknesses of each of those. They identify which parts of the finances work well and which don’t.
- Another piece of the CFO’s job is that they take the item that’s not working well and bring a corrective action plan to the CEO or owner.
- Even small business owners can really benefit from hiring a CFO because CFOs help you along the way with finances with analysis and advice. When you reach around half a million dollars a month in revenue, then you can try bringing in a CFO part-time.
"The CFOs job is that they take all the financials that the bookkeeper and the accounts put together and analyze the numbers so that they can inform the business owner on what's working well, what's not working well. " — Ryan Kimler
Schedule your free 1:1 Profit Breakthrough Session with Ryan here: https://go.oncehub.com/profit
Connect with Ryan:
Net Profit CFO Home Page: www.netprofitcfo.com
Email: ryan@netprofitcfo.com
Facebook: www.facebook.com/rkimler
LinkedIn: www.linkedin.com/in/ryankfinancialclarityllc/
LinkedIn NPC Company: https://www.linkedin.com/company/netprofitcfo/
LinkedIn FC Company: https://www.linkedin.com/company/financial-clarity-llc/
Show notes by Podcastologist Chelsea Taylor-Sturkie
Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.