Mastering Business Finances: Ken Lacroix on Fractional CFOs, AI, and Profit Strategies

Richard Walsh hosts Ken Lacroix to explore the crucial role of a fractional CFO in business success. Ken discusses his background, the difference between fractional CFOs and CPAs, and the significance of forward financial planning. They delve into assessing clients, identifying financial pain points, and mastering business finance basics. Topics include risk management, monthly financial reviews, and the importance of non-urgent strategic tasks. Ken also highlights AI's impact on construction management and the balance with human expertise. The episode wraps up with tips on fostering self-awareness in business owners and staying industry-informed.