5 Reasons a Top Management Meeting Can be Life-suckingly Useless – And How the CFO can Fix Them

Finance mistakes that drag down business

During my career, I’ve sometimes worked at the top level in Finance, and had the privilege of sitting alongside other functional heads in the “Senior Management Team” or “The Exec”, or even “The Board of Directors”. Obviously one of the chief ways we stayed in touch with each other, and with what was going on,…

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What is a Purpose-Driven Finance Function? (The Purpose-Driven CFO Part 8)

Understanding why you do things makes a difference

To date in this series, I’ve been picking activities that we do in the Finance function, and looking into why we do them. That’s the essence of my purpose-driven approach. We’ve worked through some big ones, like budgeting, strategy, financial reporting and financial analysis and others. (The links to all previous parts in the series can…

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The Purpose-Driven CFO Part 6: Internal Control is for Finance Business Partners Too

Understanding why you do things makes a difference

Internal control is often seen as a boring subject. It conjures up visions of bureaucracy, paperwork, inspection teams with checklists, things which slow the business down. But, as I have said elsewhere, “Saying that internal control is boring in business is like a train driver saying that tracks and signals are boring.” Over the course…

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The Purpose-Driven CFO Part 5: Don’t Waste Money Doing Projects

Understanding why you do things makes a difference

Another post relating to business projects!? It must be on my mind or something! Perhaps because I’ve just signed up to take my PRINCE2 exams. I don’t know! Be that as it may, I have got to the point in my Purpose-Driven CFO series on LinkedIn where I’m considering the purpose-driven angle applied to projects. Why…

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The Purpose-Driven CFO Part 2: What Are We Budgeting For?

Understanding why you do things makes a difference

The second in my series of LinkedIn articles is out now. It’s all about something which has seemed like a massive headache in pretty much every large business I’ve worked with – budgeting. In a purpose-driven Finance team, we must understand why we use budgets. My thinking is that understanding why helps us to do things better.…

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The Purpose-Driven CFO: Introduction

Understanding why you do things makes a difference

Part One – Why Be Purpose-Driven? Understanding the purpose of what we’re doing can have a massive impact on how we do something and how we feel about doing it. In this new series on LinkedIn, I start to explore the reasons behind the things that we do in Finance. If you’ve ever, like me, got…

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Stating the Bloomin’ Obvious

The Fundamental Principles of Business

The Fundamental Principles of Business I’ve been thinking recently about the fact that it’s difficult to say useful things that are relevant to businesses of all sizes. In reality the difference between small and large businesses, and the way they’re managed, are huge. We tend to talk about ‘small business’ as if it were one category,…

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