Episode 36 - When to Hire a Fractional CFO

In this episode of Building Wealthy Habits, Laura and Jeremiah discuss the role of fractional CFOs in growing businesses. They explore the progression from handling finances in-house to hiring a tax preparer, bookkeeper, and controller. They highlight that eventually businesses reach a point where they need a strategic thinker and financial expert, which is where a fractional CFO comes in. They discuss the benefits of hiring a fractional CFO, such as cost savings and access to expertise, and provide resources for finding fractional CFO services. In this episode: 00:00 Introduction: Moving into a Growth Phase 02:01 The Role of a Bookkeeper 04:24 The Strategic Role of a Fractional CFO 06:12 The Need for Stair-Stepping towards a CFO 08:03 The Value of a Support Network 10:06 The Growth of the Fractional CFO Industry 13:24 Choosing a Fractional CFO Service 15:17 Long-Term Engagement with a Fractional CFO 17:07 The Benefits of Service Companies 19:02 Financial Advisors and Fractional CFOs 21:04 Conclusion: Get the Help You Need Reach out at [email protected]                                 Connect with Jeremiah: LinkedIn: https://www.linkedin.com/in/jeremiahjlee/ Email: [email protected] Email: [email protected]   Connect with Laura: LinkedIn: https://www.linkedin.com/in/laura-lee-59a83610/ Email: [email protected]