#98 The CFO Driving Business Strategy and Rapid Growth with Jeremy Foster, CFO at Talroo

Jeremy Foster, CFO at Talroo joins Kevin Appleby on the GrowCFO Show to discuss business strategy and rapid growth

Jeremy Foster is an unusual CFO, he isn’t an accountant and doesn’t have a finance background. His origins are in sales and marketing. He changed course following an MBA at Notre Dame and has subsequently become a highly successful finance leader with strong strategic capabilities and significant M&A experience. Jeremy has been instrumental in multiple equity rounds, debt recaps, and a 9-digit platform sale to PE.

Jeremy’s main interest is working with an organisation that wants to drive massive growth. He will typically be brought on board by a CEO who wants a co-pilot to go on that journey. In this episode, we talk about how Jeremy is currently doing that at Talroo and how that differs from his approach at previous companies Homeward and Kasasa. He explains how he operates as a strategic partner to the CEO and gives us some great insights to the thought process a CFO needs in helping build and drive strategy.

We explore some of the key KPIs you need to understand when investing in customer acquisition, and we talk about the theory of constraints. Jeremy shows how the skills he learned as a marketing director are extremely valuable to a CFO too.

Links

Timestamps

00:53 A background in marketing for a bank

01:29 Did you miss out by not having an accounting background?

02:13 What role do you play as a non-accounting CFO?

04:01 Blitz scaling

05:26 The three big KPIs you need to know

07:53 Profit per customer

10:25 Jeremy Foster’s experience growing the business at Kasasa

12:39 What issues do such rapid growth bring?

15:53 Thinking about communication channels

18:38 The theory of constraints

19:50 The importance of good relationships

21:50 The role of a finance business partner

23:03 What advice would you give to a CFO coming through a more traditional route than yourself?

24:55 What’s the role of the CFO in driving a high-growth business strategy?

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