Dear CFO Moves reader,
Here are some snippets Vinay shared with me on the following topics:
What makes a good CFO? CFOs often forget that we are story tellers. And we need to tell a story with the numbers. We need to overlay the non-financial data with the financial data to complete the picture.
Underappreciated skillset: The most underappreciated skillset in finance is the cost-accounting mindset. Once you have a good understanding of true cost, and once you figure out how much of that is the standard cost, it becomes easier to manage and scale a business.
Not-for-profits: I find it very fulfilling. One tends to forget, in life, we all have the responsibility to give back to society. Whether it be money, or donating your time and skillset to a needy organization.
Working with a millennial workforce: This work force wants constant change and they’re not willing to stay with the status quo. Therefore they are constantly adopting new technologies, or adapting to new way of doing things.
Importance of good HR: The biggest assets here are the people. I really feel that HR is probably the most strategic department of this company. And that is where we have to make the investments.
Something to remember: The CFO is, in a way, the chief sales person. He is the one who sets the tone of what the organization is doing. He needs to keep providing a positive spin on how the business is doing. To be able to tell people the story even in the worst situation. He not only has to be a fabulous story teller, but also has to be a great sales person.
If you know of a CFO worthy to be profiled, please contact me.
See you again on Monday,