Most people don’t become entrepreneurs because they like accounting, but you don’t want to be one of the many failings to accurately keep track of numbers. An experienced outsider with knowledge of your industry will be able to identify areas of your business model that are ripe for improvement. According to a 2016 survey by Deloitte, more than a third of companies are planning to take advantage of this by outsourcing more of their financial activities.
Paro.io, a vetted network of CFOs and financial analysts, says that outsourced financial analysts “are willing to explain things to you and can discuss complex financial concepts and metrics in a way that makes sense to a non finance person. The models they’ve built provide you with insightful information about your business and help to frame and answer questions you have.”
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