The Loading Growth Blog

GROWING LEADERS

Growing an IT firm is hard work, especially if you don’t have the right people. This section contains insights on how you can cultivate your in-house leaders to help build your firm into a formidable entity in the IT industry.

Please Recruit a CFO or Part Time CFO!!!

Why hire a CFO in the first place? A capable finance person in your team will allow you to focus on the most important aspect of your business — GROWING it! Watch the video for more insights!

You need a CFO or a part time CFO. Loading Growth uses a framework that you can use to hire a Finance Leader. More information about this can be found in our Growing Leaders Key. Most business owners we speak to, are either technically brilliant or a combination of technical and sales focus, and not Finance. So we recommend clients to take the step in filling that GAP, if it is not a strength for them! And recruit a capable Finance Team member, this will allow you to  start to sleep through at night and expand their business over time as you have more confidence. Recruit a FINANCE LEADER. You need a CFO. Learn why you need it and how crucial it is for your business growth. #hireCFO

If you want to create sustainable financial success, you need to have a CFO.

If you don’t have one yet, go and recruit a CFO, even if it’s just part-time.

If you are a start-up, do you need a CFO?

Yes! Here are some reasons why and when you should:

If you’re growing rapidly

As your business grows, your revenue will also grow. 

And with growth comes potential complexity, such as resource allocation and financial analysis.

You, as the CEO, might be capable of doing this but it takes you away from your main goal, which is growing your company.

Having a CFO saves you the hassle and headache of worrying about your financial strategy. 

If you’re not satisfied with your profits

A CFO can improve business profitability by improving productivity, analysing pricing strategies, and controlling costs. 

And if you’re not getting the projected profit you’re expecting, a CFO will be able to identify the bottlenecks that exist in your operations. 

When you can clearly identify what’s profitable and what’s not in your business, you can make better financial decisions. 

If your money is not growing

A CFO can help you grow your business capital by creating an investment strategy for your assets and identify new opportunities to increase your profitability. 

For example, he can help transform your products or services into a new revenue stream, making it more attractive to both local and international markets. 

There are more reasons why you need to get a CFO on board. After all, you, as the CEO, will be more empowered when you have a financial executive who knows how to manage the finances of your business.

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