What does a startup CFO do? – And what are a startup’s CFO’s responsibilities?

15.02.2023

Lack financial and other relevant skills required to run a startup or spin-off successfully. Lack of skill set results in struggle to present a consistent story regarding vision, financials, strategy and business plan to potential investors, co-founders and employees. A startup CFO exactly brings the same skill set required to run your startup successfully. Additionally she/he offers operational guidance, effective strategies , accounting, budgeting, and provides the much-needed financial clarity to evaluate future decisions.

Below are some pain points that a startup CFO helps your startup to overcome,

1. A startup CFO brings a deeper strategic financial perspective that can help young companies to prepare for the future and optimize their overall business plan and investment proposal for potential investors
2. She/He influences the growth of your startup by defining right priorities and suggesting the right market positioning based on market, customer, competitor, and financial data assessment
3. She/He optimises your current operations includes defining and benchmarking KPIs and operational metrics, implementing financial planning, and analysing performance monitoring & controlling
4. A startup CFO can work out an attractive growth plan for potential investors based on relevant metrics and can efficiently handle investor communication

A startup CFO brings vast knowledge and best practices from various sectors and can help you to handle complex situations or transactions feasibly. She/He assists your startup to find product-market-fit quicker with best practices. A startup CFO makes your company investment ready with a fair valuation using a multiple valuation approach.