The hundred times repeated cliché about the first impression after entering a new managerial function is still valid - you can make just one first impression. In the case of Chief Financial Officers, the cliché is even stronger because the pressure exerted on them has continued to rise in recent years. CFO.com therefore brought some pieces of practical advice on how to get started in the CFO role.
1. Find an ally
Get to know your team as fast as possible. At the same time, find an ally who will see your team from the outside and will be your counsellor in how to lead the team better.
2. Take control
A CFO who wants to be a strong partner to the CEO should set up strong controllership function as soon as possible.
3. Do not save on your department
CFOs often make a mistake when they trim the budget of the finance department becuse they want to set an example in cost savings.
4. Cooperate
Consult your plans for changes with key people in top management. You will need their support for each your additional step. Search informal support and feedback on how to manage your projects more efficiently and with less impact on the existing operation of the company, too.
5. Listen
Talk less and take more notes about what others say. Gather information and ideas to help you develop your future strategy. In addition, you will better understand the political factors that affect the business.
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