In this episode, hosts Moose and Charleston Washing engage in a lively discussion with Jason Stier from Focus CFO about the importance of fractional CFOs for small businesses. They explore the role of a CFO in guiding business growth, managing finances, and preparing for a potential sale. Jason shares his journey and insights on when to hire a CFO, the significance of planning, and the complexities of debt management. The conversation emphasizes the need for financial expertise at various stages of business development and the value of strategic planning for long-term success.

Takeaways

-Fractional CFOs provide essential financial guidance for small businesses.
-Understanding your numbers is crucial for effective management.
-Planning properly can lead to significant improvements in business performance.
-Debt can be a useful tool if managed correctly.
-It's important to have a clear retirement goal when planning for business sale.
-Owner dependency can be a major risk for business continuity.
-Hiring a CFO can help alleviate the burden of managing chaos in a growing business.
-The cost of hiring a fractional CFO varies based on the scope of work.
-Building a business for sale requires strategic planning and preparation.
-Taking steps early can help ensure a successful business transition.

Get in contact with Jason HERE