When you think you have a handle on finances, you may start to get ahead of yourself. Join Jane as she shares her wake-up call early in her career that changed everything.
- Okay, so this is a little embarrassing to share. I was a manager at a fairly young age and I'd also studied business, so I knew how to read a spreadsheet and make a forecast, and I was feeling really good about my financial prowess. But sometimes my attitude and my behavior could definitely hold me back. For example, I had a relationship at that point with financial partners that was a little more like, I make the money and you guys count the money, which in hindsight is horrific and very short-sighted.
My boss at the time was very gentle in his schooling of me and shared with how careers are made and broken based on financial performance, and should I want to be a successful executive I really have to figure out how to have great relationships with my finance partners. So, to this day I'm very grateful, thanks boss.
- Explain how understanding your company’s finances will help you as an employee.
- Identify how you can help drive revenue if you do not work in sales.
- List the key things to look for when setting terms with suppliers.
- State why it is important to understand key accounting concepts and success measures.
- Explain what an income statement can tell you.