Finance and accounting professionals (commonly known as Bean Counters) come in a variety of skill sets and interests. For the sales and operations people, Bean Counters all fall in one big bucket. Therefore, the usual small business owner wonders why their rockstar Accounting Manager doesn’t provide strategic insight to their business’s future.
Some Bean Counters are really well defined and constrained to their group and skill set. Others expand their horizons and migrate to new areas over time, possibly becoming a little bit of all four eventually.
No one skill set is more or less important than the others.
For a high functioning organization, all four areas are ideal. However, for a $25MM revenue business, affording experts in all areas full time is usually not the best use of company budgets.
Naturally, most businesses start off with a transaction processing champion – someone to do the customer billing, pay the vendor bills and find a way to get it all done as quickly as possible.
Fractional CFO services from Peak Business Navigation can fill in the other three boxes at a fraction of the cost of full-time employees. Furthermore, having people with years of experience on your team can help guide your valued people to broaden their skill sets and approaches to become the best version of themselves. Let the Fractional CFO experts at Peak bring out the very best in your team!
