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Your business may not need a Chief Financial Officer. Smaller enterprises, straightforward business-models, companies with minimal inventory, receivables you can track in your head, and businesses without bank debt can easily thrive with a good bookkeeper/office manager. In those cases, if you just watch the cash and keep customers happy, your business will be successful.
https://advisornova.com/business-management/10-signs-that-you-may-need-a-cfo/