Do CEOs need a finance background?

Of course not, but it sure helps! When it comes to running a small business successfully, owners have an upper hand when they have a background in back office operations of any variety, especially during the early stages.

It’s very common for early-stage CEOs to be wary of their approach to finance and accounting operations, how to manage cash flow, and forecasting for the future. And understandably so. When you haven’t spent years, or decades, managing daily transactions, tackling monthly reports, and building a roadmap for growth, the entire process is daunting.

For most CEOs this isn’t their expertise, the actual product and services of their business are. The good news? You don’t have to be. Outsourcing essential functions like bookkeeping, accounting, and even corporate tax strategy and filing can be life-changing on both a personal and professional level. Utilizing their ability to lead and champion their company while ensuring their finances are in order is what we do best.

Small and early stage businesses can often save up to 75% of the cost of hiring a full-time accounting department and CFO by taking advantage of the outsourced accounting options available. Streamlining daily functions, running reports, and showing how the pieces fit together are only a few of the benefits. Even when you’ve done a great job at tracking your finances, it’s always the right time to consider outsourcing.