Paul Barnhurst explains why companies need solid data practices from the start. Bad data compounds as you scale, and retrofitting a data culture later is much harder than building it early. Communication within FP&A teams matters more the bigger you get.
If you don't focus on data early, it can't guide your decisions. And 2, you're just going to end up with data and tech debt. Fix it early, because if you have twice as many customers, it's always harder to fix it. The bigger the company, the more people you have. So I'm totally with you. And if you establish it early while you're growing, the decision should be made with data. You're in a much better decision later on than getting to scale and then trying to change the culture to be data. So I think data is definitely important. Relationships, And communication, I mean, it's one of those key things FP&A people need. Does every single person in an FP&A organization need to be a great communicator? No. In a small company where there's a couple, you may need that.
Trust and Leadership Lessons for FP&A From 100+ Top Leaders with CFO Jon Laudie
