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Rich Carroll leads the CFO Advisory Practice at Maximus Partners. He brings 10 years of experience as a CFO and 25 years of corporate finance experience. Rich is an accomplished CFO who partners with CEOs and business leaders to accelerate growth and drive transformation. His experience spans private equity-backed, private, and public companies across various industries, including Software, Services, Tech, and Healthcare, working with organizations ranging from 30 to 20,000 employees. He has successfully facilitated four exits throughout his career.
Rich is a unique strategist, seamlessly executing across all aspects of the business, from back-office operations to go-to-market functions. His understanding of resource deployment, scalable processes, and technology implementation equips him to tackle the ever-changing challenges that companies face.
In this episode, Philip and Rich Carroll discuss:
- Building expertise through mentorship
- Organizing financials for clarity
- Integrating finances into planning
- Turning business into a product
Lightbulb Moments:
- Strong foundations matter. Learning from mentors helps you develop deep knowledge that becomes the base for ideas, strategy, and entrepreneurial growth.
- Clean, up-to-date financials are critical. Weekly cash flow reports and dashboards give leaders real-time insight so they can act instead of react.
- Ideas, hires, and processes are only as effective as their connection to a financial plan. Aligning actions with projections drives sustainable growth.
- Thinking of your business as a product uncovers scalability. Identifying market gaps and adaptable solutions accelerates expansion across industries.
“I talk to CEOs all the time about our goal: to work ourselves out of a job. And the way we do that is to make sure that we give them a team.” - Rich Carroll
Connect with Rich Carroll:
Website: https://www.maximuspartnersllc.com/
LinkedIn: https://www.linkedin.com/company/maximus-partners/
Connect with Philip:
Website: https://www.fornarolaw.com/
Podcast Website: https://lbmpodcast.com/
Pinterest: https://www.pinterest.com/philipfornaro/
YouTube: https://www.youtube.com/@fornarolaw3002
LinkedIn: https://www.linkedin.com/in/fornarolaw
Instagram: https://www.instagram.com/fornarolaw/
Facebook: https://www.facebook.com/FornaroLaw
https://www.facebook.com/philip.fornaro.3/
Podcast Production by Turnkey Podcast. Thinking of starting a podcast? Get more info at https://turnkeypodcast.com/ or reach out to Doug Sandler directly at Doug@TurnkeyPodcast.com or call 410-340-6861.
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