Ask a CFO with James Vanreusel – The Perfect Timing for Hiring a CFO

Welcome back to another insightful episode of Ask a CFO! 

In this episode, James tackles a question that is often questioned by many founders and CEO: When should I bring in a CFO? We’ll explore that as the answer isn’t one-size-fits-all.

In the early stages, especially for smaller businesses, outsourcing financial functions is often a smart move, which may involve having a controller, FP&A expert, or a fractional CFO to navigate complex financial issues. However, a full-time CFO may become more essential as the company grows and evolves. These strategic financial leaders are key players, bridging the gap between various departments, such as finance, product, sales, marketing, and operations. 

The timing for transitioning to an internal CFO can vary, but it’s usually considered when a company’s sales reach a range of 50 to 100 million.