True or False?: Every business needs a Chief Financial Officer (CFO).
Answer: True, every business needs CFO- or Controller-level insights but not necessarily full-time.
It’s clear why a later-stage operation would need a CFO—with growth comes complexity, but a brand new startup can also benefit greatly from some time with a CFO as they set up their business. Right off the bat, this can help them understand how their industry, business model, entity type, financing options, or team of founders might affect their finances at a long-term, holistic level. After that, they might not speak to a CFO for a few years or until a round of debt financing, for example.
With tempCFO joining the team, inDinero is making it possible for every business owner to work directly with a team of highly trained and experienced financial experts for less than what it might cost to hire a bookkeeper.