Firms that reach the $3Million mark (or get very close) but can’t stretch beyond that, are stifled due to poor management of their CFO.
If you’ve been hiring, managing, and then firing your CFO (and perhaps you’ve run through a few) on your own, there’s a good chance that you are not going to grow beyond your current level because you cannot sufficiently manage and leverage your CFO.
Mistakes at this level are expensive. You know that by now. When your CFO makes a mistake, or a mistake is made by you in the management of your CFO, you feel it in your wallet and your firm pays the price in the form of setbacks and real losses that trickle down to all of your staff.
Some of those mistakes can be a complete nightmare. If you haven’t yet experienced one that bad, call yourself lucky and respond to the pit in your stomach that tells you how lucky you were. Pay attention to that little voice telling you that it could be worse next time. It could.
What if staff Members that you love (and have invested considerable time to train) quit because of those mistakes? The affects can last for a long time and you’ll end up farther from your goals than you ever thought you’d be.