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Small business owners should hire financial professionals for complex operations, high transaction volumes and growth phases, where expertise is crucial.
In terms of budgeting, zero-based budgets should be the starting point instead of looking at the prior year.
What works surprisingly well is keeping it laid-back and having a more casual chat about financial questions once a month during our company chats.
Develop a communication strategy with department heads to help them engage their teams in understanding how their role impacts the project or company at large.
Managing risk absolutely needs to be there—but without taking massive risks, you won't get the massive results that we all want.