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Why We Built Bain Squared

  • Writer: J. Xu
    J. Xu
  • Oct 31, 2023
  • 5 min read

Updated: Jun 27

There wasn’t a single moment. No spectacular blow-up, no boardroom tantrum, no dramatic walkout. Just the quiet build-up of dysfunction—a slow stacking of meetings that didn’t move, decks that didn’t land, and talent that couldn’t execute. Bain Squared didn’t begin with a vision. It began with a fracture.


We were sitting inside high-growth companies across Asia, watching teams burn through capital with no working cadence. The consultants around us—often smart, well-intentioned—kept showing up with frameworks and slides. They left before anything worked. Meanwhile, the operators were left stitching strategy to payroll, to logistics, to investor updates, and back again. We weren’t consultants. But we weren’t just internal staff either. We were the ones asked to make things move when strategy broke, when the capital plan turned into a spreadsheet fantasy, or when trust inside the team collapsed. And we started to ask: why is this normal?


Some firms sell transformation, but leave accountability outside the contract. Others preach culture, but outsource it to HR initiatives. Even finance—meant to be the anchor of maturity—often gets framed in decks, not decisions. We saw every layer drift. The org didn’t need another advisor. It needed an intervention. One built not around thought leadership, but execution muscle. One that embedded with the team, moved with the signals, and matured with the company’s stage. We weren’t seeing it. So we built it.


leaf flower blooming

The Disconnect Between Strategy and Systems


The traditional consulting model survives on abstraction. You’re billed for input, not output. You’re given strategy, not sequence. And the people who make the slides never own the rhythm that drives the outcome.


At one Series C company we supported before founding Bain Squared, the finance transformation team from a Tier 1 consultancy delivered a beautiful strategy. It had 17 workstreams, four design principles, and three levels of metrics. But not a single person could answer who owned gross margin. The CFO sat on investor calls fielding pipeline projections, while the operating team couldn’t reconcile fulfillment costs. The “transformation” collapsed into PowerPoint.


The lesson wasn’t that consultants don’t care. It was that they aren’t built to stay. Incentives are designed to extract insight—not embed responsibility. Their velocity ends at the point of handover. And that’s where most of the work begins.


We saw it in FP&A too. The reports were clean, the dashboards polished. But business partnering was a fiction. The ops team didn’t trust the numbers, and finance didn’t trust the forecast. Everyone waited for the CEO to adjudicate, instead of collaborating to close signal gaps. That gap? It’s structural. It doesn’t close with more reporting. It closes when financial literacy and operational empathy are built into the same system.


This is what we mean when we say strategy has to touch system. You can’t advise from above. You need to architect from inside. That’s what Bain Squared was designed to do.


Why We Built Bain Squared (And What We’re Not)

We didn’t build Bain Squared to replace the Big 4 or MBBs. We built it because none of them were structured to solve what we kept running into: execution breakdowns that weren’t technical—they were behavioral and structural.


One founder said it best after three rounds of advisory fatigue:


“I don’t need another diagnosis. I need someone who knows how the body moves.”

That founder became our first client.


We built Bain Squared around three non-negotiables:


First, operator credibility. Everyone in our core team has sat in the seat. That means if we recommend a financial cadence or restructure a GTM incentive system, it’s because we’ve executed it—under pressure, with burn looming, and with real headcount on the line. We don’t teach from whiteboards. We design from war rooms.


Second, system integration over slide decks. Instead of delivering static strategy, we integrate into the company's actual pulse—weekly cadences, capital calls, hiring loops, and decision rights. One of our clients called us “the most structured chaos-smoothers I’ve ever worked with.” That wasn’t an insult. It was the point.


Third, embedded trust loops. Bain Squared doesn’t sit outside the company. We sit inside its cultural system. We understand that teams don’t fail because of bad intentions—they fail because of misaligned scopes, unclear input/output ownership, and buried tension loops. We help surface them. Then we rebuild from the inside.


What we’re not:


  1. We’re not bill-by-the-hour. We price by the arc of transformation.

  2. We’re not here to compete on how many frameworks we know. We care about what gets the company structurally unstuck.

  3. We’re not a culture-as-perk shop. We build cultural systems that withstand scale, exit pressure, and cross-functional maturity.


So much of what passes for “advisory” is really insulation—insulation from failure, from blame, from commitment. Bain Squared was built to do the opposite. We take the friction head-on and walk alongside teams through the actual shift.


structure

Execution as a Structure, Not a Trait


Execution isn’t about hard work. It’s about the maturity of decisions, the clarity of scope, and the cadence that holds it together.


One of our early engagements involved a tech company where product, ops, and finance all reported directly to the CEO—but none of them spoke weekly. The company was moving fast, but feedback loops were dead. Finance discovered margin compression six weeks late. Ops had no say in pricing strategy. Product was shipping features no one knew how to support. The CEO was the only bridge—and they were drowning.


We introduced a basic triad rhythm. Finance joined ops in weekly planning. Product reviewed cost impact before roadmap decisions. By week four, the finance team was flagging input cost swings in real-time. By week six, ops had a direct line of sight into feature rollout costs. By week eight, the CEO stepped out of the day-to-day entirely.


The company didn’t just “execute better.” It functioned more coherently. Execution, we learned, is never a solo trait. It’s a structural capability.


That’s the model we’ve brought to every client since.


Bain Squared wasn’t born because we had a better vision. It was built because we couldn’t unsee the breakdowns. Every delayed decision, every orphaned metric, every team that burned out because no one rewired the system to support the scale—it all added up. So we stopped fixing things one company at a time. We built the firm that could do it at scale.


This isn’t about being better. It’s about being built differently. We’re not here to advise from the sidelines. We’re here to help companies grow into the system maturity they already need—but haven’t had the structure to reach.


And maybe the real reason we built Bain Squared is this:

We didn’t want to build a firm that looks impressive from the outside. We wanted to build the one you’d call when the inside starts to crack—and you’re ready to do something real about it.

Are you ready for a change?

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