Piggy bank. Credit: EKKAPON/Adobe Stock Financial consultants are necessary for every business, especially since most first-time entrepreneurs are not adept at comprehending and managing the business's financial needs. (Credit: EKKAPON/Adobe Stock)

Every company comprises various departments turning like synchronous cogs in a complex machine to produce the best possible results. Everything from strategizing and executing a road map to keeping the books balanced needs to be handled with the utmost care and comprehension. In startups, these roles are usually taken over by the founders, who are required to wear multiple hats as they grow their business. But there is only so much responsibility that can be borne before an enthusiastic founder starts floundering for external support.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.