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In this week’s episode of The Breakout Growth Podcast, brought to you by SAP, the world’s leading ERP provider,  Sean Ellis, and Ethan Garr chat with Tim Flaherty, Chief Financial Officer at Enable Injections.  MedTech is an area we hadn’t explored before, but we often find that going outside of what you know can offer new inspiration and insights for all of us working to drive breakout growth success. 

Enable Injections is developing enFuse®, an innovative device designed to improve the lives of patients who depend on medical infusions. This less disruptive system for delivering life-sustaining medications has the potential to drive step-change quality of life improvements for people living with a variety of conditions. Tim is leading the company as CFO, and believes this technology can have dramatic consequences for people who sometimes have to give up their ambitions just to live life around their infusion schedules.

But what does a CFO really do? Are they administrators who simply ensure that money flows in and out of the business efficiently? Or are they the strategic thinkers working to ensure the financial needs of the business support the mission? Tim certainly ascribes to the latter, and in this discussion, we learn how he brings a passion for patients into his work, and how he must constantly think about the future to ensure the long-term health of the business.

Medtech has its own unique challenges, and everything from fundraising to regulation comes into the growth equation, but ultimately, many of the themes we discuss are applicable across industries and markets.  

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We discussed:

* Real patients: the hardships of living with in-clinic infusions (04:42)

* Big Tech/Big Pharma – The impact of big budgets for CFOs (07:39)

* Fundraising over $400 million to support a long-term strategy (11:01)

* Once approved, we have to take off like a rocketship! 16:28)

* When companies should hire a CFO (35:03)

And much, much, more . . . 

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