Smart CEOs Hire Smart Talent
Employee Benefits and Financial Health
Private equity firms employ some of the highest-paid CEOs in the world because those who own the interest and the business want to have the most talented person steering the ship. The same principle applies to the role of the financial manager, strategist, and analyst, which we believe is more accurate than the term CFO.
Similarly, the highest-paid stock traders are Hedge Fund Managers, who manage money for wealthy people on a performance basis and require a significant amount of money to join. They are intense stock brokers and analysts who produce extremely high returns on investment. In today's competitive business environment, it is crucial to adopt the same mindset.
The back office or financial center should only be managed by someone with the education, knowledge, experience, track record, and confidence to put a performance contract in writing. Not having an expert financial manager in charge of your financial universe can produce scary statistics, which include the fact that 90% of tech startups fail, 70% of venture-backed startups fail, less than 50% of businesses make it to their 5th year, and 82% of businesses fail because of cash flow problems.
Viewing your back office financial center as a do-it-yourself endeavor is financially dangerous. Financial management, strategy, and analytics are valuable niche skills that every company that wants to compete in the tech space should have. The financial engine we build gives us power, control, and vision to guide the business to financial victory. A successful financial center is not a combination of hacks that can be duplicated. The financial engine is only as powerful as it is built correctly and managed by a seasoned expert.
It is challenging to teach decision-making and money management because the game of business has an ever-changing landscape that you must control and strategize to your advantage. This comes over years of experience and is a specific rare talent. Intuitive knowledge is making great financial decisions while playing a game of 8-dimensional financial chess.
In conclusion, it is essential to engage an expert in the field of financial management to ensure the success of your business. The statistics are alarming, and the stakes are high. Do not attempt to navigate the financial universe on your own. Let Molin and Molin guide you to financial victory. Remember, ENGAGE AN EXPERT IN THE FIELD, YOUR BUSINESS LIFE DEPENDS ON IT.