A mid size or a small company often does not actually need a CFO. But many a time, the company may find the need of the CFO to handle financial decisions and tasks of the company.
The best option for the start-ups is to hire the consulting or the part time CFO.
How can a startup find a consulting CFO to answer urgent questions, before the company is ready to hire a full-time CFO?
Zach Cargnino has helped you to get the best answer for your query.
Basic yet important things to notify
So here are some questions which you may exchange with your consulting CFO before hiring a full time one.
- Style of communication
Communication or the mode of communication is different for different companies. Some uses emails, while others prefer phone calls or the video calls too. So it is better to establish a strong communication between the two to connect between the two sides.
- Industry that the consulting CFO worked in
This would help to know about the experience of the person and how much able to tactically handle the urgent question of a CFO. If the person has worked in similar industry then you have found the best one.
- Average turnaround time for the communication
This is very important and need to set up time common to both. This would help to overcome many issues which can even lead to miscommunication too.
- Specific task that the consulting CFO need to do
This is another important issue which you need to discuss while hiring the consultant. What kind of reporting should be done: month end or week end is the matter which must be settled at the inception.
So get the consulting CFO for your company now and you will be able to hire the full time one, once you find applicable.