Weekly show where my featured guests and I explore the financial and business challenges women face on the entrepreneurial journey to success. You'll hear them talk about the money side of their businesses in ways you've always wanted to know about, but wouldn't dare ask. They openly share their disappointments, failures, successes, and everything in-between as they grew sales ranging from 6 to 9 figures. Knowing where your business stands financially helps you make critical decisions with confidence. It's simply the best way to be sure you grow a business that fuels the life you want to live.
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episode 123: Her CFO Tips: The Role of a Chief Financial Officer and 5 Benefits They Bring
As business leaders, we bear the brunt of the stress and pressure that comes with running a company. So, many of us have the tendency to do everything on our own. However, running a business does not have to be this way. You won't be able to be an effective leader if you are overworked. Good thing you can ask for the help of a chief financial officer for your company.
Contrary to popular belief, the role of a chief financial officer or CFO entails more than just looking at your numbers. Beyond financial management, a modern CFO helps you evolve your business. For this episode, we go through five key tips on how a CFO can reimagine your company's finances and align them with your mission. We talk about what a CFO does and how they can help business owners like you. Hiring a CFO can help your business fluorish in more ways than you realize.
Listen to this episode to find out why you should hire a modern CFO for your business!
3 reasons why you should listen to the full episode:
- Understand the role of a chief financial officer.
- Learn crucial tips on hiring the benefits of having a modern CFO as a trusted advisor.
- Find out the areas and aspects beyond financial management that a CFO can examine.
Episode Highlights
- [01:50] What is the Role of a Chief Financial Officer?
- [03:16] Tip #1: Presents an Independent Viewpoint
- [03:55] Tip #2: Spots Critical Issues in the Business Operation
- [04:28] Tip #3: Provides a Business Plan and Strategy Aligned with Why You Founded the Business
- [05:30] Tip #4: Assists with Setting Goals and Targets
- [06:14] Tip #5: Brings Everything Together into Financial Results You Can Understand
- [06:51] The Benefits of Having a Trusted Advisor
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Ready to transform your purpose into an impactful business financial story, profit, and joy? Schedule a chat with me at any time.
Resources
- Visit Christina Sjahli'’s website for more insights on business finance on the Her CEO Journey podcast.
- Chat with Christina and set up a time here!
- Identify the financial gaps that can stop you from building a profitable and sustainable business. Download this quiz!