Three reasons accountants make great CEOs

August 27, 2020

by Mike Whitmire, Accounting Today

When I founded FloQast, I started meeting fellow software entrepreneurs. As I got to know them, I realized there is a common thread across the group — they have one of two backgrounds: product or business development.

Software engineers are able to hack together great products for sweat equity, get adoption, and then have VCs throw money at them to build a business. Business development people know how to raise money to build a product based on market feedback and then raise more money to build a business.

I’m an accountant.

Fortunately, I decided to build software that helps with the month-end close process, so I had deep domain knowledge. But I also had an advantage that is misunderstood and underestimated: broad financial and operational knowledge from my days as an auditor and accountant.

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