The Long Game
Understanding Your Businesses Financials and Why Hiring an Outsourced CFO Can Make Sense with Kurtis Hanni
Jul 12, 2024
Expert in business financials and outsourced CFO services, Kurtis Hanni, discusses the importance of understanding your business's financials and how hiring an outsourced CFO can be beneficial. They touch on key financial metrics, strategic financial planning, and the empowerment that comes from financial understanding.
34:21
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Quick takeaways
- Outsourced CFOs provide crucial financial expertise to help business owners navigate complex financial statements and understand the numbers.
- Proper pricing and cash flow management are essential for ensuring business profitability and sustainable growth.
Deep dives
Need for CFO Expertise for Growing Businesses
Business owners who initially struggle with managing the financial aspects of their growing companies often find themselves overwhelmed as success increases revenue and profits, leading to financial complexities that they had not anticipated. The absence of financial education or experience in being a CFO becomes apparent as business owners face challenges in understanding financial statements like the P&L. Outsourced CFOs, like Curtis Haney, step in to bridge this knowledge gap and provide valuable financial expertise.
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