In this insightful episode of The Grown UP Business Podcast, host Paul Avins sits down with Matthew Mills, the Chief Commercial Officer of The CFO Centre. They dive into the intricacies of scaling a business, highlighting the crucial role of financial visibility and cash flow management. Matthew shares valuable insights from his experience at The CFO Centre, discussing how fractional CFOs can significantly contribute to the growth journey of startups and scaling businesses.

Themes Discussed:

1. The Role of a Fractional CFO in Scaling:

- Strategic Financial Management: Learn how fractional CFOs provide strategic financial insights, driving business strategy and growth.

- Case Studies: Matthew shares success stories where fractional CFOs have helped businesses double their revenue and optimize financial operations.

2. Importance of Financial Visibility:

- Cash Flow Management: Understand why having a clear view of your cash flow is vital for scaling and how to achieve it.

- Financial Reporting: Discover the key financial reports every scaling business needs to monitor for informed decision-making.

3. Achieving Scalability:

- Operational Efficiency: Explore how fractional CFOs mentor internal teams to enhance operational efficiency and maximize the finance function.

- Strategic Planning: Learn the importance of having a scalable business model and the role of strategic planning in achieving long-term growth.

Quotes:

Paul Avins:

- "Data drives decisions. As I'm scaling a business, it's crucial to focus on profitability and cash management to ensure sustainable growth."

- "A grown-up business has a clear vision, a great team, and a sales engine that scales without the constant need for the owner's presence."

Matthew Mills:

- "Having someone who's been there, seen it, and done it can really add value, especially in conversations with funders or during potential exits."

- "Most business owners didn't start their business to face off with HMRC or deal with spreadsheets. They need a professional who can take over the financial management."

Paul Avins:

- [LinkedIn](https://www.linkedin.com/in/paulavins/)

-Twitter](https://twitter.com/paulavins)

Matthew Mills:

- [LinkedIn](https://www.linkedin.com/in/matthew-mills-8780981ab/)