How does a CFO for a small business differ from a CFO in a larger company?
A CFO for a small business differs from a CFO in a larger company primarily in scope and resource allocation. In a small business, the CFO often takes on a more hands-on, versatile role, handling a wide range of financial tasks, from daily accounting to strategic planning. They may also manage financial reporting, budgeting, and cash flow with limited staff and resources. In contrast, larger companies typically have a more segmented and specialized financial structure, with the CFO focusing on high-level strategy and overseeing teams dedicated to specific financial areas.