Forbes: How Do Good CFO Supports Social Enterprises

I’m excited to announce that Do Good CFO is featured in a new Forbes article spotlighting the vital role of fractional CFOs for mission-driven organizations.

In the piece, our longtime client, Lotus Foods, is highlighted as a prime example of how mission-driven businesses can navigate the dual challenges of achieving profitability while making a positive social and environmental impact. 🌱

The article explores how organizations like Lotus Foods achieve this balance while navigating complex financial challenges. It also underscores the importance of fractional CFOs in helping these businesses reach their goals.

Here are 5 things Lotus Foods did right to ensure success:

1. Pioneering Sustainable Practices – Lotus Foods embraced regenerative rice cultivation early by implementing farming practices that combat climate change, improve farmer livelihoods, and empower women.
   
   

2. Focus on Profitability and Margins – By deeply understanding its product margins and optimizing pricing, Lotus Foods ensured financial sustainability and avoided unprofitable customer channels.
   
   

3. Efficient Cash Management – With much of its capital tied up in inventory, Lotus Foods proactively managed cash flow and maintained liquidity, a crucial capability during challenging times such as COVID and freight disruptions.
   
   

4. Building Robust Financial Infrastructure – Do Good CFO helped Lotus Foods develop the necessary financial tools and infrastructure to scale effectively, supporting their growth journey for nearly 15 years.
   
   

5. Strategic Capital Partnerships – Lotus Foods secured a $22.5 million investment from Grounded Capital, supporting its expansion and enhancing its positive impact throughout its value chain. At each step of the way Lotus has secured mission-aligned capital that takes the long view and knows that social entrepreneurship is a marathon not a sprint.

The key takeaway? Lotus Foods thrived by aligning its mission with smart capital, strong cash management, and a solid financial foundation.

A big thank you to Forbes and Christopher Marquis for showcasing the impactful work of Do Good CFO and Lotus Foods.