Stop letting finance run your firm.
Stop letting finance run your firm.
They’re not entrepreneurs.
They’re risk-averse, cost-obsessed, and growth-anxious.
Their job is to protect.
Yours is to grow.
At boutiques and big firms.
The moment the CFO starts calling the shots …
entrepreneurial culture decays.
Examples I’ve seen:
𝐓𝐫𝐚𝐢𝐧𝐢𝐧𝐠 𝐠𝐞𝐭𝐬 𝐬𝐥𝐚𝐬𝐡𝐞𝐝 𝐭𝐨 𝐡𝐢𝐭 𝐦𝐚𝐫𝐠𝐢𝐧 𝐭𝐚𝐫𝐠𝐞𝐭𝐬.
Eighteen months later, your best people leave because they've stopped developing. The competitors who invested in them say thank you.
𝐂𝐥𝐢𝐞𝐧𝐭 𝐫𝐞𝐥𝐚𝐭𝐢𝐨𝐧𝐬𝐡𝐢𝐩𝐬 𝐬𝐭𝐚𝐫𝐯𝐞.
Entertainment budgets, relationship investment, even travel to see clients face-to-face - all cut. Then clients drift away saying
𝐏𝐞𝐨𝐩𝐥𝐞 𝐬𝐭𝐨𝐩 𝐩𝐢𝐭𝐜𝐡𝐢𝐧𝐠 𝐢𝐝𝐞𝐚𝐬.
Why bother proposing anything new when finance will kill it in the first meeting? Initiative dies. The culture becomes passive and political.
𝐓𝐨𝐩 𝐭𝐚𝐥𝐞𝐧𝐭 𝐰𝐚𝐥𝐤𝐬.
The ambitious ones won't stay somewhere risk-averse and stagnant. They go where growth happens.
What’s left?
Politics, fear, and slow death.
Yes, a great CFO is essential.
- They bring discipline.
- They deliver predictability.
- They protect your downside.
But they are not your growth engine.
Growth needs different fuel:
– Conviction before consensus
– Investment as offense
– Tolerance for failure
That’s your job as founder, managing partner, or leader.
To place the bets.
To see what others don’t.
To take smart risks when the spreadsheet says “wait.”
Bottom line: Caution doesn't turn into greatness.
If you want to build something exceptional. Let your CFO advise. But don’t let them drive.
If this stung… you’re probably someone who needs to hear it."
Clive Griffiths Newsletter
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