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Inside the Mind of a CFO: What Every Business Owner Should Know | 947

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In this episode of The Inside BS Show, Dave Lorenzo sits down with Britt Summerill, Partner at Now CFO, to uncover the truth about when and why business owners need a Chief Financial Officer and what happens when they wait too long to bring one in.

Britt explains the critical difference between a Controller and a CFO, the telltale signs your company has outgrown its basic accounting setup, and how a fractional or outsourced CFO can transform your business from reactive to strategic.

You will hear how companies, even those earning tens of millions, often operate without the right financial systems in place, the costly mistakes owners make when they rely on outdated reporting, and how to spot warning signs like missing visibility, unreliable cash flow forecasting, or weak internal controls.

Britt also shares real-world examples from his experience leading Now CFO’s expansion into multiple markets and helping companies nationwide recover from accounting chaos, uncover fraud, and prepare for funding or acquisition.

What You Will Discover Today:

  • When to hire a CFO and when a controller is enough
  • The most common accounting blind spots that sink growing businesses
  • Why "clean books" are not enough for scaling or funding
  • The role of a fractional CFO during rapid growth or crisis
  • How Now CFO helps companies restore order, improve visibility, and drive value
  • The surprising financial messes Britt has uncovered, even inside billion-dollar companies

Key Takeaway:
If you are a CEO who does not fully understand your financials, you are not alone, but you are exposed. The right CFO can give you the insight and control you need to protect your business, prepare for growth, and make smarter strategic decisions.

Connect with Britt Summerill:
Website: www.NowCFO.com

Email: [email protected]

Links and Resources:

Call to Action:
If you have been relying on "good enough" accounting, it is time to rethink your finance function. Reach out to Now CFO to find out what is really happening behind your numbers and start leading your business with clarity.

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946 episodes

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