By Andy Burrows
One of the common questions I get asked relates to meeting resistance in the business.
For instance, I was explaining in a webinar recently that Finance and the CFO are like coaches to the business. We provide the performance management framework.
And someone said, âwhat if colleagues in the business donât want to be coached?â
Itâs a really good point.
And itâs worth knowing how to address the issue, because if you think about it, great CFOs donât seem to have this problem.
So, if you want to progress in your career you need to develop those kind of CFO skills that will give you influence within the business.
It also affects your job satisfaction as a Finance professional. Because itâs disheartening when you can see that you really can make a difference and add value, but no-one seems interested in what you have to say.
Here's a little video clip of my answer to that question.
Â
By Andy Burrows
In this article Iâm going to give you nine tips from my experience that will help you to increase your business reputation and impact, even if youâre not a Finance Business Partner.
When Iâm coaching and training, especially speaking to our My Finance Coach members, Iâll often come across frustrations such as:
âIâm stuck! I canât get into a business partnering role!â
âMy role is so dry. How can I be Finance Business Partner?â
And my advice is essentially to put the thoughts of a Finance Business Partner role, and Finance business partnering, on one side. I encourage people to think more in terms of how they can help the business, than whether they have a particular role or title or not.
Sure, it helps a lot to have a Finance Business Partner role on your way up the ladder, if you want to be a CFO.
But the most important thing is to be business-focused, wherever you are and whatever ...
By Andy Burrows
As Iâve spoken with Finance professionals around the world about their careers, thereâs a particular pain that is felt by those who work in small businesses.
Sometimes they talk about the fact that they want to be Finance business partners, but theyâre stuck in the mundane tasks of Finance.
Sometimes they talk about the struggle they have trying to get involved with the business, because the business doesnât see the need to include them.
Thereâs a perception in some places that to get real Finance business partnering experience you have to go and work in a bigger company.
But that cannot be right!
In the USA, 45% of GDP comes from small businesses. Nearly 50% of employees work for small businesses. And I bet the situation is similar around the world, possibly even more so.
Imagine the impact we could have on the economy if small business Finance professionals could help their businesses to perform better. ...
By Andy Burrows
Do you feel like a failure sometimes?
Do you get embarrassed or demotivated because of things that havenât gone right for you?
Do you look at other people and get jealous because theyâre successful and youâre not?
Well, if so, I hope that my personal reflections will help you.
When Talita Ferreira was interviewing me for her Leadership Hypothesis video series, she tripped me up unintentionally by asking me a question. She asked me, âcould you say thereâs a failure in your career somewhere that someone could learn from?â
For some reason, the question I heard (and which sticks in my mind) was: What is your biggest failure?
My heart started pounding at that point, and I had to quickly compose myself. I was being recorded! The show must go on!
I didnât duck the question. But I donât think my answer was entirely coherent either! And you can check out the interview and 26 others like it in Talitaâs Leadership Hypothesis series.
The essence of my r...
By Andy Burrows
Youâre a Finance professional who wants to do their best for the business you work for.
You may want to rise to be a CFO one day.
If so, you must grasp business performance management.
Business performance management is a key element of the business acumen you need to be a business-focused Finance professional. And itâs something that is specifically the responsibility of the CFO and Finance.
If you want to be more than âjust an accountantâ; if you want to drive business performance, rather than just spectate or commentate on it, learn business performance management!
And thatâs what I aim to introduce you to in this article.
Business performance management is an essential discipline, because as I regularly say, âmanaging business performance better leads to better business performance... otherwise why bother managing it?â
Management is âmaintaining control overâ something. In this case we want to maintain co...
By Andy Burrows
Business acumen is an extremely important topic for Finance professionals.
Everyone agrees that you need business acumen to be a good CFO. Itâs also an essential ingredient for a Finance Business Partner. But, on top of that, we know that Finance as a whole is becoming more business-focused, so business acumen is becoming more fundamental to Finance professional development.
And there are a couple of reasons, at least, for the rising importance of business acumen for Finance professionals.
First, the business landscape is increasingly complex, changing rapidly, and becoming more global, because of the unstoppable drive of new digital and communications technology.
That means that the analytical part of decision-making now needs more than just a commercial CFO. The CFO needs a team they can delegate to, to get involved in helping business decisions.
It has also put non-Finance managers in the business under pressure. They are also being as...
By Andy Burrows
Those who have followed me for a while may have noticed that Iâve started using the term business-focused Finance. And you may be wondering whether itâs actually just the same as Finance business partnering. Or is business-focused Finance something different?
And to answer that question right up front Iâd say that a large element of Business-Focused Finance is Finance business partnering, but Iâm thinking of business-focused Finance as something broader.
What I've come to understand is that Finance Business Partner is a specific role often seen within Finance, designed to give various non-Finance functions access to the full power of the Finance function in managing business performance within their areas.
Finance business partnering is a phrase thatâs either been used to describe simply what Finance Business Partners do, or to describe the kind of mindset needed within Finance.
I think thatâs confusing.
It tends to lead to the misconception that having Finance Bu...
By Andy Burrows
Do you want to be awesome in your work in Finance?
Perhaps you roll your eyes cynically? Perhaps âawesomeâ seems to be a bit over-the-top?
I mean, ok, so youâd rather be âa little bit goodâ, âin the upper quartileâ or âshowing signs of improvementâ? Yawn...
Well, whatever you think of this article, I hope youâll come away picturing what a Finance team would be like to work in if it was really [insert your own favoured superlative].
And when youâre thinking about Finance transformation, that picture could form the basis for the vision. Thatâs what you want to transform into. When you close your eyes and visualise an awesome Finance team, you donât normally visualise a brand new shiny SAP instance or an offshore service centre. So, what do you visualise?
Anyway, this article is really all about defining the new paradigm for working in Finance.
A paradigm is really a way of looking at something. Paradigms can help if theyâre ac...
By Andy Burrows
Influence is something that Finance people in business really want, it seems to me.
I hear it a lot:
âHow can I get more influence in the business?â
âHow can I increase my visibility in the business?â
âHow can I get included in strategic discussions, instead of being kept out?â
And thatâs thinking in the right kind of way, fundamentally. We donât want to just provide information, or even merely insight based on information. We donât want to turn our work over to the non-Finance areas of the business in a âtake-it-or-leave-itâ kind of way.
We want our work to make a difference. And it can only make a difference if people listen to us, understand us, take note and act on what we tell them.
Our information should deliver insight. But for our insight to have impact we need to have influence!
So, this article gives you five ways to do that. Itâs not the whole story, but it will give you a lot to think about.
The first thing is to improve y...
By Andy Burrows
I started Supercharged Finance in September 2016. Itâs my business.
But Iâm also a seasoned Finance professional, with 25 yearsâ experience, including a period as a Finance Director.
I worked in Finance teams, big and small, for most of my career, and then I decided to set up a business of my own. So, I guess that makes me an entrepreneur!
And Iâve felt for a while that if you want to be a good CFO or a good Finance business partner, then starting your own business teaches you important lessons.
The question as a Finance professional, as a CFO or Finance business partner is, âif it was you who owned or invested in this business, how would you run it?â
And what Iâve found is that when itâs your own business â when itâs your baby â as someone trained and experienced in Finance, you definitely use that experience, but there are some things that you start to see more clearly and do differently. Here are four!
Fir...
For regular emails containing tips and advice on working in Finance in business, as well as notification of new material from Supercharged Finance, just fill in your details and click the button below!