By Mckenna Gustafson, blog writer at TOP CFOS
A full-time CFO can be expensive. With benefits, salary, and other costs, a full-time CFO can cost a company up to $200,000 per year. Most young and small businesses cannot afford to pay a CFO this much, so many businesses are jumping on board with the trend to hire a part-time CFO. An outsourced CFO provides the business the exact same benefits of a full-time CFO for a fraction of the cost.
When is the right time for your business to hire an outsourced CFO?