Scaling vs. Growing: Lessons from Fractional COO/CFO Michael Straza

What are the fundamental differences between scaling and growing a business? Also, when is the right time to bring in a fractional COO or CFO? 

In this episode, Scott and his guest break down the key differences between scaling and growing, the financial blind spots that business owners often overlook, and how fractional leadership can be a game-changer

Today’s guest is Michael Straza, a fractional COO and CFO who brings hands-on experience in fixing inefficiencies, optimizing cash flow, and setting businesses up for success. 

Join Scott and Michael as they explore: 

(03:45) Scaling vs. Growing

* Mike’s background in business scaling.

* Business owners often confuse hiring more people with scaling effectively.

(19:45) Fractional COOs & CFOs

* How a fractional executive can optimize operations without adding full-time costs.

(30:45) Improving Cash Flow 

* Understanding business data and trends to make smarter decisions.

(40:45) Navigating Organizational Change 

* Getting employee buy-in when implementing operational changes.

* Why embracing outside expertise can accelerate business growth.

Thanks to Michael Straza for being on Business, Bourbon & Cigars. 

Connect with Michael on LinkedIn: https://www.linkedin.com/in/michaelstraza/ 

Learn more about Straza Consulting: https://www.consultstraza.com/ 

Download Scott’s Free “Limitless Growth” ebook mentioned in this episode: https://meplusultra.com/ebooks/limitless-growth-2/ 

BUSINESS, BOURBON & CIGARS

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Business, Bourbon & Cigars is the preeminent resource for ambitious leaders who want a backstage pass to the top. Each episode, we sit down with ultra-successful executives and industry leaders who share their insider strategies for growth and success. And of course, we may even sip on some of the finest bourbon and light up our favorite cigars while we chat.

Each week, we bring you in-depth interviews with high-level executives and industry leaders who have a proven track record and in-depth understanding of what it takes to grow a business. They’ll share their no-nonsense approach, the challenges they faced on their journey to the top, and the strategies that helped them overcome obstacles and forge their own path to ultra-success.

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