In this episode, Fady shares with us about being a CFO and how it differs from accounting. He also discusses the difference between the skill sets required for accounting and finance, and how a proper CFO and accountant understand this difference. He also mentions the rise of outsourced, virtual, and fractional CFOs, and how the allure of the CFO role has led to people evolving their titles without necessarily evolving their skills, which he finds dangerous.
Overall, Fady emphasizes the importance of understanding the skill sets required for the CFO role and the dangers of superficially evolving one’s title without actually evolving one’s skills.
Fady was born in Amman, Jordan, and his family immigrated to St. Louis when he was young. He began working in his father’s restaurants when he was tall enough to reach over the counter and has been obsessed with the world of entrepreneurship for as long as he can remember. He started his first company at the age of 11 but was encouraged to gain “real-world experience” in corporate America before embarking on a full-fledged entrepreneurial journey. Fady worked on the 787 Dreamliner and F-18 programs before transitioning into the oil and gas industry as a consultant. After gaining extensive experience, he launched his own outsourced CFO consulting firm. While working as a consultant, Fady realized that he could help hundreds of companies, but by solving the problem with software, he could potentially help millions.
- People Process – https://peopleprocesses.com/