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The First 100 Days of a Successful CFO

You just accepted your first role as a Chief Financial Officer. Congratulations! You have made it to the top of your profession. There is a good chance you have a post graduate degree or two, professional certifications that give you expert status in specific disciplines and more than one non-profit or professional association has benefited from your presence. It’s been hard work getting qualified for…

Posted by Steve Rosvold on .

Why Give More than We Take?

We work our whole life to acquire things. Yet, when our physical being perishes we go empty handed. I guess that is what drives many of us to believe in an afterlife. When we die our legacy in this life becomes the yardstick we are measured by. Most of us hope our legacy includes being remembered as a giving person. My concept of a giving…

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Why Failure Isn’t About Losing

Will you join me in discussing some problems I have with the way we interpret the word failure?  Failure is a noun defined by the Merriam-Webster dictionary as: 1. omission of occurrence or performance 2. lack of success 3. a falling short 4. one that has failed The term failure as used in business, sports and relationships is almost always associated with a bad happening. …

Posted by Steve Rosvold on .

CFO Success Series: Managing Key Resources

To build our future we must invest in the present. Last week I had a conversation with colleagues about the value of an audit. It made me reflect on how the really good businesses I know surround themselves with the skills they need. They are rarely at a loss for getting great advice on a topic critical to their success. If they don’t require a…

Posted by Steve Rosvold on .

A Letter to Our Youngest Daughter – The Value of a Cup of Coffee

I started this note as a letter to our youngest daughter. We had just finished an errand to fix her car. What a good feeling to check off one of our weekend to dos. A friend recently told her about a new coffee trailer nearby. We drove over to check it out. The parking lot with the trailer had a number of other “food carts”…

Posted by Steve Rosvold on .

CFO Success Series: Financial Leadership Isn’t Optional

In a recent article, we identified some symptoms of and provided some remedies for an under-resourced Accounting, Finance and Treasury (AFT) team.  The antidote I prescribed aligns the Board and executives with the AFT team to alleviate the specific resource ailment that troubles many companies. However, the article did not discuss the underlying cause of the ailment – Poor leadership. A while back I was…

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CFO Success Series: For Best Results, Business Development Should Be Symmetrical

The majority of middle market companies started as small, conservative enterprises. As they grew many employees continued to wear several hats and perform multiple tasks within the organization. It may be just fine for a small business to have their receptionist double as their accounts payable clerk. However, if you plan to grow your business, you will want to fill the roles of accounting, finance…

Posted by Steve Rosvold on .

Innovating Your CFO Activities

Innovating the Accounting, Finance and Treasury (AFT) Functions Double entry bookkeeping is a concept that is over 500 years old. You might ask, “What can we learn about innovation from an industry that old?” A seminar conducted by KRM and the endersgroup at a Vancouver company focused on innovating AFT activities. The seminar provided a great example of an AFT team that is taking the…

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The Defining Attributes of a Successful CFO: Leadership

Leadership seems to be one of those traits defined by “You know it, when you see it.” I have met a CFO who was the brightest lightbulb in the room but could not lead their business to the light switch. I have also met a CFO who didn’t seem to work that hard and wasn’t a rocket scientist but was able to move mountains in…

Posted by Steve Rosvold on .

The Defining Attributes of a Successful CFO: Treasury

In our third installment of Defining a Successful CFO we are covering the “Show Me the Money!” attribute, Treasury. This key pillar of the CFO function provides the fuel and discipline to manage and grow a company’s capital base. If you missed Attribute #1 Accounting: the acts of Recording, Reporting and Governance or Attribute #2 Finance: the acts of Planning, Forecasting and Investment Analysis. We…

Posted by Steve Rosvold on .

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