Tag Archives | financial leadership

WSJ Highlights Being a “Strategic CFO”

The Wall Street Journal published an article today highlighting the need for more CFO’s to be strategic in their view of both their role and the results expected of them. The WSJ has three main requirements for a CFO to be a “Strategic CFO“.

Strategic CFO

First, the CFO should be forward thinking not just historical. Second, they should be involved in all aspects of strategy. Finally, they should broaden their view of the company’s environment beyond just preparing the numbers.

This article is a great starting point for questioning the traditional role of a CFO. Let me know your thoughts. If you want to learn more financial leadership skills, then download the free 7 Habits of Highly Effective CFOs.

strategic cfo

Strategic CFO Lab Member Extra

Access your Flash Report Execution Plan in SCFO Lab. The step-by-step plan to manage your company before your financial statements are prepared.

Click here to access your Execution Plan. Not a Lab Member?

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strategic cfo

 

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Don’t Be A CFnO!

I once had a client who called his CFO a CFnO. He had had five CFOs in a seven-year period. He felt frustrated as they were always telling him why he couldn’t achieve the sales growth he wanted rather than helping him get there. As a result, he saw them more as an obstacle and less as a team player.

To their credit, some of their comments were probably accurate with respect to aggressive growth; however, their approach made them ineffective as leaders.

Don’t Be A CFnO: Guide to Your Entrepreneur

When working with entrepreneurs, tell them, “We can do anything you want, but we can’t do everything at this time.” Ask them what they want to do first. And remember, you should be leading them to succeed, not serving as a roadblock to their success.

To learn more financial leadership skills, download the free 7 Habits of Highly Effective CFOs. Find out how you can become a more valuable financial leader.

CFnO

Strategic CFO Lab Member Extra

Access your Flash Report Execution Plan in SCFO Lab. The step-by-step plan to manage your company before your financial statements are prepared.

Click here to access your Execution Plan. Not a Lab Member?

Click here to learn more about SCFO Labs

CFnO

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Key to Success in Life

The past year has been challenging for all of us. Last night I was reading a book and a quote caught my attention. “Success in life comes not from holding a good hand, but in playing a poor hand well!”

This old saying comes from the poker table, however, it true in life and business as well. It is easy to keep your optimism when you are being dealt more good things in your life everyday versus bad events or challenges. How do you keep pushing on when each time the “cards” you receive are worse than before? Today, we’re looking at the keys to success.

Key to Success in Life

First, you have to keep in mind that not all of the “cards” you receive are bad. Some are quite good and very encouraging! It just seems that we are being dealt more bad than good. In order to persevere through the challenges start focusing on the positive things that are coming your way.

Second, look at what is not working and start making changes. Be honest with yourself and change your efforts that are not bearing fruit. We often keep doing what has worked in the past whether it is working today or not!

I don’t know about you, but today I am going to list the positive things that are working for me, look long and hard at what’s not working, and make changes!

To learn more financial leadership skills, download the free 7 Habits of Highly Effective CFOs.

keys to success

Strategic CFO Lab Member Extra

Access your Flash Report Execution Plan in SCFO Lab. The step-by-step plan to manage your company before your financial statements are prepared.

Click here to access your Execution Plan. Not a Lab Member?

Click here to learn more about SCFO Labs

keys to success

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What an Entrepreneur Wants From a CFO/Controller!

Most accountants are trained to identify problems. In fact, as a professional, they excel at identifying problems and minimizing risks. Two excellent examples of this skill is the audit and tax compliance areas of public accounting.

What an Entrepreneur Wants From a CFO/Controller

Entrepreneurs are looking for something more from their CFO/Controllers. They take risks and solve problems everyday. As a result, they often get tired carrying all of the company’s problems on their shoulders. Thus, they want team members to help them navigate the challenges of the day!

So, the next time you identify a problem in the company, develop a solution at the same time! Over time, the entrepreneur will rely on you more and more to shoulder the responsibility of managing the company.

Since we don’t have all of the answers, use outside resources for problem solving. WikiCFO is an excellent repository for CFO/Controllers of entrepreneurial companies. Use this tool to bring the solution not just the problem!

More than anything, what an entrepreneur wants from a CFO/Controller is for them to be their trusted advisor or wingman. Download our free How to be a Wingman guide by clicking the link below. Take your career to the next level and step up into the trusted advisor role.

What an Entrepreneur Wants From a CFO

Strategic CFO Lab Member Extra

Access your Projections Execution Plan in SCFO Lab. The step-by-step plan to get ahead of your cash flow.

Click here to access your Execution Plan. Not a Lab Member?

Click here to learn more about SCFO Labs

What an Entrepreneur Wants From a CFO/controller

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LEARN THE ART OF THE CFO