The phrase for the week is "Financially Speaking” When I’m coaching a senior manager or executive who wants a seat at important C-Suite meetings, I ask one question--How’s your business and financial acumen? If it’s a face-to-face meeting, I usually get a cold stare. If I'm coaching by phone, the silence can be deafening. Here’s the deal, reading a profit and loss or any other financial statement is important. What’s more important, however, is understanding what it means in relation to the company as a whole. It is no secret, employees with business and financial acumen are better at thinking strategically, see the bigger picture relative to the company’s success and clearly understand how their function impacts that success. Also important is understanding how the company makes money. This knowledge will accelerate your opportunities to be included in important discussions. I choose to purse an MBA to shore up this area of weakness in my toolkit. Y
This blog is written for you, the busy leader who is tasked to find time to strengthen your leadership skills, attend to your family and contribute in a meaningful way to your community. Each week I ask you to press the pause button to focus and evaluate what is important and what, if anything, you can do about anything. Consider me your accountability partner and on-demand leadership coach. I offer personal insights and perspectives to challenge your thinking and change any limiting thoughts.