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Building an FP&A team from 0 to 5
Last week, somebody asked me about how I would build an FP&A team from 0 to 5.ย Here is how I would approach it. ๐๐ถ๐ฟ๐ฒ ๐๐ต๐ฒ ๐ฅ๐ถ๐ด๐ต๐ ๐๐ถ๐ฟ๐๐ ๐ง๐ฒ๐ฎ๐บ ๐ ๐ฒ๐บ๐ฏ๐ฒ๐ฟStart by hiring someone with a broad skillset who is eager to learn and comfortable taking on everything. Strong financial modeling skills and the ability to build… โ
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Launch of Sea Cloud Consulting: Strategic FP&A For Early-Stage Growth Companies
Iโm excited to announce the launch of my FP&A consulting business, Sea Cloud Consulting. When I was working full time, I always wished that I had an experiencedย resource that I could call when times were busy, either for project-based work or as a second set of hands. That is what Iโm now offering. My focus… โ
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4 Strategic Approaches for Finance in R&D Management (Cost Savings 3 of 3)
During an interview for an FP&A role at a biotech company several years ago, the head of R&D asked how I would evaluate their sizable annual R&D investment. I suggested project-level discounted cash flows (DCFs), but my answer was impractical and incomplete. R&D is often a challenging area for finance professionals, requiring a delicate balance… โ
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Strategic Cost-Cutting Without Layoffs (Cost Savings 1 of 3)
Controlling costs is a critical part of FP&A, both during budgeting and as actuals are reviewed each month. However, catalysts such as a revenue shortfall or an acquisition may require rapid cost-cutting measures. In these cases, you need to maximize savings without compromising the companyโs ability to execute its strategy and ideally without impacting anybodyโs… โ