January 14, 2025

What CEOs Get Wrong About Finances—And How to Fix It

In the latest episode of the Gross Profit Podcast, host James Kennedy sits down with Elisabeth Sabin, Fractional CFO. Elisabeth flips the script on James, talking to him about his path to Procurement Express, and shares valuable insights into what it takes to be a great CFO.
The Gross Profit Podcast
The Gross Profit Podcast
What CEOs Get Wrong About Finances—And How to Fix It
Loading
/

Show Notes

Welcome back to the Gross Profit Podcast! In this episode, host James Kennedy sits down with Elisabeth Sabin, a seasoned Fractional CFO who specializes in helping bootstrapped SaaS founders scale sustainably without sacrificing control or freedom. Elisabeth flips the script, interviewing James about his journey to founding ProcurementExpress.com, while also sharing actionable insights into the vital role of a CFO and the financial missteps CEOs often make—and how to fix them.

What You’ll Learn:

  • Common Financial Pitfalls: The mistakes many CEOs make when it comes to managing finances and how to avoid them.
  • What Makes a Great CFO: Elisabeth’s approach to blending financial strategy, planning, and auditing to help founders grow profitably.
  • The Importance of Clarity: How understanding your numbers can eliminate stress, improve decision-making, and create peace of mind.
  • Scaling Sustainably: Tips for bootstrapped founders to grow without giving up control or freedom.

Episode Highlights:

  • “You can’t drive your business without knowing what’s working and what’s not. Your numbers are trying to tell you a story.”
  • “Financial expertise isn’t a luxury—it’s the foundation for sustainable growth.”
  • “Great CFOs bring clarity, not jargon. When your finances are in order, it’s not just about numbers—it’s about confidence.”

About Elisabeth Sabin
Elisabeth Sabin brings over 15 years of financial expertise to fast-growing, impact-focused businesses. As a Fractional CFO, she specializes in turning financial chaos into clarity, empowering founders to make smarter decisions and grow sustainably.

Who She Works With:

  • Bootstrapped founders with at least $5M in revenue who need to understand and influence their numbers, boost profit, and plan for the future.

Results She’s Delivered:

  • Reduced operating costs by 26%.
  • Saved €60K annually by spotting fraud.
  • Doubled revenue in 8 months without outside investment.
  • Collected 56% more in cash owed by customers.
  • Helped clients confidently create budgets ranging from €25M to €108M.

About the Episode:
Whether you’re struggling to make sense of your finances or aiming to scale sustainably, this episode is packed with valuable takeaways. Learn why Elisabeth believes financial expertise should be accessible to all founders and how her tailored approach can transform your business.

Join us as we uncover the strategies CEOs need to succeed—and the mindset shifts that will help you get there.

This podcast is tagged under:

The Gross Profit Podcast

More Episodes

Merushka Chetty

The Hard Truth About Starting Your Own Business

In this episode of the Gross Profit Podcast, James delves into the journey of Eric Reinacher, owner and CEO of Sentinel Finance Group.

Eric shares his experience transitioning from being a fractional CFO in California to starting his own business in Kansas City. They also discuss key insights such as protecting your equity while obtaining funding, and the balance between revenue growth and business efficiency.

Tune in for a detailed look at the dynamics of starting anew, managing client relationships, and strategic financial planning.

Listen Now »
Merushka Chetty

What Most Business Owners Get Wrong About Pricing

Join James as he sits down with Harriet Formby from Below the Line Finance for an animated discussion on the book ‘Profit First’ by Mike Michalowicz.

Harriet, a fractional CFO and business mentor, shares her valuable insights into how the ‘Profit First’ methodology can benefit entrepreneurs, why it may not always work, and the hidden operational inefficiencies to be mindful of.

Don’t miss this episode packed with actionable advice and deep dives into the world of finance and profit management!

Listen Now »
Merushka Chetty

How This CFO Transformed Jamaican Businesses

In our latest episode, Kevon McIntosh shares insights from his unique path, discussing the evolving role of CFOs, and the importance of strong financial foundations for businesses of all sizes.

Kevon McIntosh’s career journey is a testament to ambition, adaptability, and a deep passion for finance. His experience working with hedge funds, private equity funds, and high-net-worth individuals in both Jamaica and the Cayman Islands gave him an insider’s view of the global financial landscape.

Whether you’re a finance professional, entrepreneur, or simply interested in inspiring career stories, you won’t want to miss this conversation.

Listen Now »