Your controller is NOT your CFO. Stop expecting your controller to play chess when their job is bookkeeping. Promoting your controller to CFO is only loyalty bias. It backfires more often than not. The only exception being - when that controller has already shown potential that they can • Translate numbers into a story • Think about capital structure, not just recons • Improves your balance sheet and not just report it That’s rare though. Most controllers are brilliant at k

Hiring a CFO is wasted money. Sorry, let me rephrase. Hiring a CFO 'too early' is wasted money. You don't need to rush to hire one when you business is too small. Most founders who hire a CFO early, they end up paying 80-90 lakhs a year and then they still find themselves chasing cash flow updates on WhatsApp. You don't need that. ↳ At 0–10 Cr, all you need is clean books. ↳ At 10–50 Cr, an analyst and a part-time CFO on call. ↳ At 50–100 Cr, yes, a CFO should lead, but stil

Although Full-Time CFOs are mandatory for some companies, for companies not in that bracket - it makes sense to hire a Fractional CFO ​ Full-Time CFO Fractional CFO Time to recruit and remove Long Notice Periods, Recruitment costs and loss of crucial time Based on agreement. Can join within days/weeks of agreement Cost A seasoned CFO's cost starts upwards from ₹ 1 Cr (₹ 10 MN) onwards. This often excludes Bonus and incentives Fractional CFOs can join at a Fraction of this cos