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Ep 32: Is your Finance Function Setup for Growth? w/ Andrew Lynch

Buy and Build

CHAPTER

How to Build an Ideal Finance Team for an SME

An ideal finance team for an SME would be robust enough to scale the business, but not too significantly starved for senior people that becomes a bit of a burden on the P&L. If you are only doing a couple of million in revenue, you probably don't have a full time finance team, if at all. By the time you get up to five, six, probably the five to 10 million range, you probably want at least one, if not two, full-time finance people in your organization. But someone who's got slightly more commercial awareness and skill than just a bookkeeper may need to help with accounts receivable.

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