April 17, 2025

Jamie Odegaard – The Dark Truth about Buying Businesses

This week James sits down with Jamie Odegaard, founder of Aardvark, to unpack what he calls an “inflationary war story” – from swinging a shovel in high-end construction to launching a thriving fractional CFO firm. They explore Jamie’s unconventional journey, how he navigated a failed acquisition, the harsh realities of private equity partnerships, and how his firm helps small creative and service businesses build real financial health. Jamie also shares his thoughts on popular business influencers, the value of gross margin clarity, and why invoicing on time might be the most underrated financial lever of all.
The Gross Profit Podcast
The Gross Profit Podcast
Jamie Odegaard - The Dark Truth about Buying Businesses
Loading
/

Show Notes

In this episode James Kennedy sits down with Jamie Odegaard, founder of Aardvark, to unpack what he calls an “inflationary war story” – from swinging a shovel in high-end construction to launching a thriving fractional CFO firm.
They explore Jamie’s unconventional journey, how he navigated a failed acquisition, the harsh realities of private equity partnerships, and how his firm helps small creative and service businesses build real financial health.
Jamie also shares his thoughts on popular business influencers, the value of gross margin clarity, and why invoicing on time might be the most underrated financial lever of all.

About Jamie Odegaard:
Jamie Odegaard is the founder of Aardvark, a fractional CFO firm helping small businesses – from creative agencies to boutique law firms – get clarity on their numbers and improve cash flow. With a background in high-end construction, property management, and private equity operations, Jamie blends operational rigor with hands-on business strategy. His approach is grounded in trust, communication, and helping owners prioritize financial performance – without losing sight of their craft.

What You’ll Learn:

  • Gross Margin Mastery: Why most small business owners misunderstand their profit margins – and how Jamie helps fix that.
  • ETA & Acquisition Lessons: Jamie reflects on what went wrong (and right) during his entrepreneurial search journey and PE experience.
  • Practical CFO Advice: From cash flow triage to when (and how) to use timesheets – Jamie shares actionable tips for founders trying to make smarter financial decisions.

Episode Highlights:

  • “If you surprise someone about money, you’re doing it wrong. Nobody likes money surprises.”
  • “We start by asking: Are you building to sell, or building to earn? That answer shapes everything.”
  • “Invoicing late is often the real reason for cash issues – it’s not always complicated.”

More about Jamie’s Role:
As the founder of Aardvark, Jamie Odegaard helps small business owners gain control of their financial destiny. His company focuses on businesses earning between $300K and $3M in revenue – owners who love their craft, but need a trusted partner to optimize their margins, cash flow, and strategic planning. Jamie’s unique blend of construction grit, PE insight, and down-to-earth communication makes him a CFO for the real world.

The Gross Profit Podcast

More Episodes

Merushka Chetty

Mike Jerman – Why PE Firms NEED Fractional CFOs

In this episode James Kennedy sits down with Mike Jerman, founder of Hollywell Partners, to dive deep into the world of financial due diligence, quality of earnings, and the real work behind private equity deals. Mike shares his unique journey from Air Force captain to PwC director and ultimately founder of a high-performing fractional CFO firm that he later sold to a PE-backed group.
They explore why private equity firms rely on fractional CFOs, the hidden risks revealed in due diligence, and what really separates accounting from financial storytelling when preparing a business for sale. Mike also opens up about how his firm discovered fraud during a routine quality of earnings check – and what business owners can learn from that.
Stick around to the end to hear Mike’s heartfelt tribute to his business mentor, and why mentorship is one of the most underrated drivers of success.

Listen Now »
Merushka Chetty

Adam Sher – Why Your Tax Accountant Is Killing Growth

In this week’s episode, host James Kennedy is joined by Adam Sher, a seasoned CFO who has worked with some of the most exciting growth-stage companies in the startup ecosystem.
Adam shares what it’s like to parachute into high-growth environments as a fractional CFO, where finance meets chaos, and strategy meets reality. With a background that spans e-commerce, SaaS, and AI, Adam brings a refreshingly honest take on how CFOs can balance operational excellence with founder vision – especially when the numbers tell a different story.
From managing investor expectations to rebuilding financial infrastructure after layoffs, Adam’s war stories offer valuable insights for CFOs, founders, and operators alike.

Listen Now »
Merushka Chetty

Tiffany Vogel – The 3-Year Plan to Build and SELL a CFO Empire!

This week James sits down with Tiffany Vogel, founder of Insight CFO Services, to explore what it means to build a scalable, values-driven fractional CFO firm from the ground up. Tiffany shares her unconventional decision to take on debt and build a team from day one – defying the typical solo CFO path.
They dive into her background in healthcare analytics, her real estate investing success, and how those experiences shaped her approach to financial leadership. Tiffany also talks candidly about setting boundaries, managing burnout, and keeping her mission at the center of everything she builds.
Stick around to the end to hear how she’s planning retreats for founder transformation – and why every CFO should be thinking about their exit, too.

Listen Now »