Finance executives have the ability to control the fate of their organizations—no mysticism or grimoire required. They simply have to chart a course toward profitable growth. But that may require a significant mindset change. However, that’s a lot easier said than done. To make it (let’s hope) a little simpler, CFO Brew spoke with two finance executives who’ve helped lead their organizations toward profitable growth. They said the switch in mentality from pure revenue growth to a balance of growth and profit is imperative for long-term company health, but also carries with it some distinct advantages. “You have to invest to grow,” Larry Roseman, CFO of tech company Thumbtack, told us. “I think the key is investing profitably, in profitable growth.” The big why. With profitable growth comes more flexibility in business decision-making, according to Ben Gammell, president and CFO at fintech Brex. For instance, an organization can more easily acquire another when it has cash to work with. “I think what it ultimately does for a CFO is it means that we have a lot more control of our own destiny,” Gammell told us. For more on transitioning to a profitable growth mindset, click here.—AZ |