Enterprise Management: Environment Determines Type Of CFO

For a start-up, its business environment is also one of the important factors determining which type of CFO it chooses.

First, there are different types of CFO that an enterprise needs at different stages.

If it is a very early enterprise, business CFO is more suitable than technology CFO.

However, when the enterprise started its second stage, that is, the development stage, the company's revenue and expenses grew very fast.

Good financial situation is particularly important for enterprises, when enterprises need a good technical CFO.

If an enterprise is

This also affects what kind of CFO the company needs.

If it is a debtor enterprise, creditors want the company to have a technology CFO or value CFO.

But for venture capitalists, they appreciate business CFO better.

If an enterprise is ready to go public, CFO needs not only good professional skills, but also good communication skills.

Many CFO do not like to make speeches in public, but for such an enterprise, there is a CFO who is good at giving speeches, and can give investors, shareholders and retail investors confidence. It is a very important asset.

In the environment of listed companies, investors and shareholders are often looking for a CFO that they trust, can balance CEO, relatively independent and can control risks.

This is a fact that can not be questioned, though CFO in many Chinese enterprises has relatively less power due to cultural factors.

Different types of markets need different types.

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If a company is in a technological market with high level of innovation and new product development, it needs a CFO that adapts to the innovation culture, accepts high risks and does not overestimate expectations.

It includes retail, food and other services.

CFO should be more focused on very detailed level and very sensitive to cost.

These two types of CFO have obvious differences in qualification, background, personality and ability.

As with all important jobs, finding the right CFO is difficult.

But it is very important to pcend technology and pure professional elements when making decisions.

Finally, the success of an enterprise, its value, prospects and the authenticity and integrity of its tasks also depend on selecting the right person for this position.