CMO Field Notes with Ant Hodges copertina

CMO Field Notes with Ant Hodges

CMO Field Notes with Ant Hodges

Di: Ant Hodges
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 Field notes and insights from a Fractional CMO in the modern marketing world.

www.cmofieldnotes.comAnt Hodges Economia Marketing Marketing e vendite
Episodi
  • Ep 12 - The CMO who couldn’t answer the CFOs question.

    Ep 12 - The CMO who couldn’t answer the CFOs question.
    Apr 22 2026

    I was in a boardroom a few months ago, sat on a quarterly review meeting with a business I’d been advising. The CFO, quite a calm guy, no drama, asked the CMO one question “What’s the cost of acquiring a customer this quarter, and how does it compare to last quarter?”

    The CMO froze - not because she didn’t have the data, she had tons of data. She had a 40-slide deck full of it ready to present impressions, reach, engagement, stats, follower, growth, email, open rates, website sessions, bounce rates, top performing posts, all of it, but she couldn’t answer the one question the CFO actually asked.

    Here’s what’s going on in so many businesses right now. The marketing team is producing beautiful reports. The CMO is presenting dashboards from six different platforms, and none of it rolls into one single number that CFO can drop into a spreadsheet and work with.

    When the board is making decisions about where to put the next dollar of investment, they’re not weighing up reach against pipeline. They’re weighing up marketing against sales, hires against product development, against R&D, and marketing loses the argument every single time when it can’t speak in a language of finance, the modern CMO has to learn to translate.

    That’s every campaign, every channel, every activity - it has to have a traceable revenue number that sits in the same system the CFO is using not a marketing attribution tool that produces its own version of the truth, the actual finance system.

    And if you can’t answer the CFOs question about the cost of acquisition, lifetime, value, payback period and contribution margin to your top campaigns, you’re not running marketing. You’re running a content operation, there’s a difference.

    If you’re a CEO or you’re watching your CMO present dashboards that don’t connect to the P&L it’s a warning sign. The fix isn’t more dashboards, the fix is rewiring the measurement so that marketing activity and revenue are in the same conversation.

    Email me cmo@anthodges.com, or find me on LinkedIn. Let’s have a conversation about how to simplify the measurement and get marketing speaking the language of finance. Step away from vanity metrics and into the numbers CFO actually cares about.

    If you’re a CMO realise that we’ve got a different job to do today than we did yesterday. As a CMO in the modern marketing world, it’s about connecting revenue to the marketing activity that’s being produced. That’s what’s going to keep your job longer than the average one and a half year position.

    Side note… You know, a CFO, on average, is around 4.5 years in tenure. The average CMO is a 1.5. Start talking the language of finance, and you’ll keep your job.



    This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.cmofieldnotes.com
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    5 min
  • Ep 11 - The Trap of Employing a Full Time CMO

    Ep 11 - The Trap of Employing a Full Time CMO
    Apr 20 2026
    I’ve just come off a call with a client. And it’s kind of one of those calls that you kind of wish you’d had a few months before, because this client was somebody that I worked with.I acted as an interim CMO for a period of about 6 months while they were really looking at recruitment for a new full-time CMO in their business. It was as a direct result of somebody leaving the company. So, they needed somebody interim while they recruited and give like a 30 day handover and all of those kind of things.For the project itself, we started in the same way I do with all of my clients. We had a full one day meeting, it started with the CEO and his co-founder, and then it progressed to working with the marketing team, and then the sales team and then the sales team and marketing team together. That was the whole day in their office and it was an amazing time.We, I gathered so much information, we worked out so many different things, we looked at what we could subtract and simplify. As a direct result, the next week I delivered a full strategy for the next 6 months containing 2 different identified sprints and simplified KPIs that we would measure for the direct implementation of simplified campaigns - and we hit the ground running. There was really no kind of delay or anything like that.I got asked questions like, do you think we should simplify our brand? Do you think we should change our logo? What about this? And none of that came up because what I was focussed on were the numbers. It’s about, for me, a CMO is about connecting activity to revenue. What’s the return on investment for the activity that you’re producing?That was the first 6 months we had less than a 30 day handover because the person who was due to be starting as their new CMO was recruited, and they were delayed by starting by a week, and my contract was ending within 3 weeks - it was okay, the CEO was cool with this.In hand over. I focussed on what we were doing, the KPIs that we measured, the simplification that we brought into the business. I the call I just got off with was the CEO of the same company.It’s been 2.5 months of the new CMO in place and he called me up and he said, have you got capacity to take us on again? And I’m like, “Oh what’s happened?” And what’s happened is the typical thing that a CMO will do when they come in.They did a brand audit, which took the 1st month. And that brand audit was, is everybody compliant around messaging? Do we need to change it? They did a survey of customers. They did an internal survey and then month 2 was the start of a rebrand project.The CMO’s focus From the moment that they started was not necessarily around. The campaigns and the measurement of things, they basically just let the marketing team run with those things. But the focus was on brand, on colours, colouring in, and logos, and how pink and fluffy things looked.(Their brand is not pink and fluffy, but you get what I mean!)It’s the things that really don’t matter too much when a business is wanting a CMO to come on board to really focus on how the marketing is performing. In my mind, this role of a CMO, as I’ve said, is to connect marketing activity to revenue. That’s got to be the number one priority.But the number one priority in so many CMOs is, are we positioning the brand right? Do we change who our target audience is? Is our messaging right? Do our logos match? Is our stock photography? Is our video? All of this, all of the positioning elements, is that right?This is not a wrong thing to focus on, but when you’re getting into the new role of a CMO, you want to make a big difference. You want to improve the bottom line and actually, fundamentally, this is why I start with a simplified day. One day to get all of that kind of strategy nailed, to see what we can simplify so that we can hit the ground running where we jump into a retainer. When we jump into a retainer, we focus on those elements that need to be worked on, that will connect revenue to activity. Once those systems are working well, and you’ve got a well oiled machine, that’s where you can start to redefine what you’ve got and ask the question, do we need a rebrand? It’s not the 1st question you ask when you’re coming in because you need to understand and work from data. Do these campaigns work? Does this activity work? All of that kind of stuff.If you’re coming in new as a CMO to any kind of organisation or business, you need the data to be able to make those judgements. So, run the campaigns for at least the first month, 60 days, 90 days even, before you even get into making things look pretty, changing the colour of the logo, putting the pink and fluffy elements to everything.Step away from the crayons and step into the data. That’s my big thing. Connect revenue with marketing activity.If I can help, if there’s something that, you know, has resonated with this and you’re a founder or CEO, of a company, where you ...
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    8 min
  • Ep 10 - The Right Time to Hire a Fractional CMO

    Ep 10 - The Right Time to Hire a Fractional CMO
    Apr 17 2026
    My name is Ant Hodges. I’m a fractional CMO. I work with clients anywhere between $1m and $50m a year, under 100 employees, and they’re looking for someone to come in and take away the de facto marketing role that the CEO and founder has ended up doing. I take that away from them and bring in real marketing leadership.Fractional CMO work is one of the things I absolutely love, because it’s about connecting marketing activity to revenue. And it has to be that way round.It’s not about spending the first 90 days on vision, mission, values, messaging, branding, and positioning. That’s not what a fractional CMO should be doing. A fractional CMO comes in and connects revenue to activity. From day one.The right time to hire a fractional CMO is when you as the CEO and founder are running ragged. Every marketing person in your business is coming to you for answers. You’re the one who has to come up with the ideas. You’re stuck in that 11am Monday marketing meeting every week - and you need to get out.Because your job is to lead and steer the whole company. Not run the marketing.There’s a number showing up in several pieces of research that I think is worth explaining. The argument is that the point at which hiring a full-time CMO makes more economic sense than a fractional engagement is around $25 to $30 million in annual revenue.Below that, the maths are almost always different for fractional. A full-time CMO in 2026 is carrying a base salary of between $245,000 and $500,000, plus benefits, plus equity, plus recruitment costs, plus the six months it typically takes before they’re producing at full capacity. A fractional engagement at the same strategic level runs at a fraction of that - and it should start delivering in weeks, not months.Above $30 million, the business usually needs a dedicated full-time leader. I do work with clients up to $50m, but at that stage I’m often there to provide leadership while they bring the full-time person on board. The decisions are too frequent, the team too large, and the function too complex for a part-time engagement to carry it properly.But the number itself is less interesting than what it implies. A business between $1m and $25m that doesn’t have a marketing leader of any kind - where the founder is still doing it, or someone on the team has been given the title without the authority or the experience - that’s a real problem.I worked with a family business last year doing around $8 million. The wife of the founder had been given the CMO title because she had a marketing degree. I was brought in as a fractional CMO because she needed pointing in the right direction. No disrespect to her - she was the first to admit it. But it’s a typical story. You’ve got a solid business, a solid offer, you want to grow and scale it - and the de facto marketing person is well-meaning but not equipped to lead from that level of experience.Marketing should run without the direction of the CEO and founder. It should run with clarity, with reports that produce real accountability, and a team that knows where it’s going because it’s being led properly.The business should grow in spite of the CEO and founder not being involved in the marketing. That’s the goal.The fractional model exists to solve a specific problem. The business has reached the point where founder-led marketing is no longer enough, but a full-time executive is either too expensive or too much of a commitment given where the business is currently at. That gap - between doing it yourself and hiring full-time - is where the model earns its value.The mistake I see most businesses make is waiting too long to fill it. They wait until the marketing is visibly broken. Until campaigns aren’t converting. Until the team is wandering from AI tool to AI tool without direction. Until the founder is exhausted from carrying both the business and the marketing function at the same time. By that point, the cost of the gap is already significant.The better question to ask isn’t whether you can afford senior marketing leadership.The better question is: what is the absence of it already costing you?For most businesses between $1m and $25m, that number is greater than the cost of the engagement.And that sweet spot around $25m is also where the fractional role starts to look different - where it shifts from ongoing leadership to helping you bring a full-time person in properly. Some fractional CMOs will have my guts for saying that. But the reality is, if you’re still hanging around as a fractional at $30m, $40m, $50m without moving toward a full-timer, you’re doing the business a disservice. They need someone in full-time at that stage.If you’re between $1m and $25m, or even up to $50m and in transition - let’s have a conversation. We can have a short chat to see where the gap is and how a fractional role could help. Head over to www.anthodges.com, hit the chat button, or book a call.Let’s start ...
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    8 min
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