1479: Do You Really Need a CFO by Dr. Jeff Cornwall on Entrepreneurship & Business Decisions

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 1479: When building a business, deciding when to hire a Chief Financial Officer (CFO) can be challenging. While many entrepreneurs believe they need a CFO early on, Dr. Jeff Cornwall argues that it's often unnecessary unless your business reaches significant complexity or growth. Instead, most companies can function well with basic accounting and outsourced financial expertise until they face substantial expansion. Read along with the original article(s) here: https://drjeffcornwall.com/2020/09/28/do-you-really-need-a-cfo/ Quotes to ponder: "Many entrepreneurs believe they need to hire a CFO early, but in most cases, this isn't necessary." "Instead of a CFO, most businesses can manage with basic accounting and a part-time financial consultant." "Until your business is significantly complex, a CFO is often an unnecessary expense." Episode references: The Lean Startup: https://www.amazon.com/Lean-Startup-Entrepreneurs-Continuous-Innovation/dp/0307887898 Learn more about your ad choices. Visit megaphone.fm/adchoices

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Optimal Work Daily, presented by the experienced narrator Dan, is a podcast that focuses on enhancing productivity, creativity, and work-life balance. Dan provides clear and engaging narration of thought-provoking articles from leading experts in the fields of work, career development, productivity, and entrepreneurship. Optimal Work Daily is an ideal resource for professionals, entrepreneurs, and anyone looking to maximize their potential in the workplace. The podcast's diverse range of topics, from time management strategies to fostering creativity, provides valuable insights for enhancing performance and achieving career satisfaction, making it a must-listen as you strive to excel in your professional life. Whether you're aiming to advance your career, boost productivity, or delve into entrepreneurship, Optimal Work Daily offers practical advice and inspiration. Each episode focuses on work, career, productivity, and entrepreneurship, providing you with the tools needed to thrive professionally. Dan's engaging narration and the podcast's insightful content make it an essential daily listen for those dedicated to career growth and success. This podcast is designed for those passionate about work, career, productivity, and entrepreneurship. It’s your go-to source for practical advice on enhancing your work performance, advancing your career, and exploring entrepreneurship. Each episode offers actionable steps to foster productivity and professional growth, emphasizing the importance of work, career, productivity, and entrepreneurship in achieving your goals. Listen now, and become an OLD friend--your optimal life awaits...