In this episode, Candise Shanbron and Justin Cernitz interview Byron and Krissy Wolfe, the couple behind CFOAF. They discuss their experiences and lessons learned in providing small businesses with financial leadership and advisory services. They emphasize the importance of staying in their respective lanes and trusting each other's expertise. The podcast covers topics such as defining roles and responsibilities, coping mechanisms and communication strategies, conflict resolution, and the role of a fractional CFO in driving business growth. They stress the significance of clear communication in building solid and successful relationships and the need to avoid assumptions and have open and honest conversations.

Here are the takeaways from this episode:

·      Why fostering open dialogue, avoiding assumptions, and adapting to diverse communication styles is crucial

·      Why building trust in both personal and professional relationships is fundamental.

·      How a data-driven approach to decision-making, facilitated by fractional CFOs, plays a pivotal role in propelling business growth.

·      Why balancing personal and professional lives within a partnership involves managing separate workspaces, creating designated alone time, and adapting strategies as circumstances evolve.

·      How the foundation for a strong partnership lies in trust, effective communication, and the strategic use of each other's strengths.

Quotes:

“But as we know, you can know your numbers. You can know them inside and out. But if you don't know how to interact with people, if you don't interact with your clients, your customers, your employees, just knowing the numbers isn't enough to make it work. – Bryon Wolfe

“Communication is huge. We had to figure out that we have to kind of be a little blunt sometimes.” – Bryon Wolfe

“There were times when we definitely disagreed on the vision and how to get there.” – Krissy Wolfe

“It doesn't matter how much practice you have. Nobody's perfect at hiring. People can be different in an interview than they are in real life.” – Krissy Wolfe

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