Strategic CFO & Growth Advisor | Commercial Pragmatist | Partnering with leaders to identify purpose, refine strategy, align processes, drive success
As your business grows, so do the challenges. Identifying when you have outgrown the ability as an owner or internal accountant to manage financial operations is one of those challenges and one that can have the most significant impacts on your business. During a recent discovery session with a new client, the topic of guilt was brought to the table. They felt guilty about not being able to prepare a budget themselves, about not being able to manage consistent cashflow, and lastly about investing in outside support to help address their business performance concerns. My client needed to understand that budgets and cashflow forecasting were not in their wheelhouse and that it was time to bring external support into the business. Feeling guilty is quite common in business and can lead to in-action if we don't step back to see the bigger picture at play. If you want to see a different result, then something has to change and it is at this point you bring in external help! In this blog I put forward some questions to help identify when you should be looking for external support and the risks of leaving it too long. https://lnkd.in/gK-ST-Mg #Business #Financial #Operational #CFO
