๐€๐ฌ ๐š ๐‚๐…๐Ž, ๐‡๐จ๐ฐ ๐‹๐จ๐ง๐  ๐–๐ข๐ฅ๐ฅ ๐˜๐จ๐ฎ ๐Š๐ž๐ž๐ฉ ๐˜๐จ๐ฎ๐ซ ๐‰๐จ๐›?

According to recent statistics, the tenure of a new CFO is three and a half to five years.

Do you have a plan to ensure you can have a longer tenure or will be able to leave your job on your own terms?

While the reasons vary, my experience is that a CFO can be the victim of the messenger syndrome. The bearer of bad news is shot.

You can avoid this fate by making sure youโ€™re not just a scorekeeper, as CFOs have been in the past. Transform yourself into a strategic partner to the CEO and a provider of timely, actionable information to all functional areas in your company.

โ€ข Come up with new and better KPIs.
โ€ข Expand upon the analysis of profitability by customer and brand.
โ€ข Develop better forecasts for risks and opportunities.
โ€ข Look into pricing profit opportunities, even if your company is focused on cost cutting.

If you are a CFO (particularly a new one), and youโ€™ve discovered that your finance group is not helping you function as a strategic business partner to the C-Suite, you may need to add to, or even replace, existing staff.

Over 30+ years, I have recruited and placed people who lead or help implement financial transformations. Their leadership has helped increase their companiesโ€™ bottom lines by $100,000 to $100 million annually.

I would love to talk to you about whether your finance team is helping you fill the role as a strategic business partner. If it is not, I can share some ideas on how it could be.

Other Posts

  • Can You Turn a Frog into a Prince?

    Can You Turn a Frog into a Prince?

    20th May 2024
    Read More
  • Why Was Your Last Hire a Disappointment?

    Why Was Your Last Hire a Disappointment?

    17th May 2024
    Read More
  • Are You Crossing Your Fingers Too Often?

    Are You Crossing Your Fingers Too Often?

    15th May 2024
    Read More