How a Finance Savvy CEO® Shows Up Differently Than “Just” a Founder
“Whenever you see a successful business, someone once made a courageous decision.”
-Peter F. Drucker
Are you courageous enough to decide to not just be a founder, but instead become a Finance Savvy CEO®?
If you say “NO”, just keep reading (I mean what’s the worst that can happen, right?).
The benefits of becoming a Finance Savvy CEO® FAR exceeds the ability to do “a little math”. Becoming a Finance Savvy CEO® transitions you from being “just” a founder to a confident leader!
In this article, we’re going to give you the bridge from being a founder to becoming a Finance Savvy CEO®! From the mindset and actions of a Finance Savvy CEO® and how they differ from “just” being a founder, this isn’t the guidance to skip! Let’s dive in.
So, how does a Finance Savvy CEO® Show Up differently than “Just” a founder?
A Finance Savvy CEO® is…
I. Confident
Being confident isn’t just about having the charismatic personality of a founder; it’s about being prepared. As a Finance Savvy CEO®, you know your financial numbers inside and out, and you’re ready to talk about them with ease.
Why? Because you’ve done your homework.
This confidence is magnetic and instills trust not just with the clients/customers or suppliers, but also with your stakeholders.
A Finance Savvy CEO® exudes confidence from every pore.
II. Ready to Answer the Tough Questions
In the world of business, tough questions are inevitable. Whether it’s from investors probing your revenue streams or customers questioning your pricing strategy, a Finance Savvy CEO® doesn’t shy away from difficult inquiries. Instead, they welcome them with open arms.
Why? Because a Finance Savvy CEO® sees tough questions as opportunities to showcase their expertise and problem-solving skills. They’ve analyzed every aspect of their business, from market trends to competitive landscape, and they’re prepared to defend their decisions with data-backed insights.
III. Ready to Dive Into Their Financial Model
Ah, the financial model – the backbone of any business.
While some founders might know it as just about crunching numbers, a Finance Savvy CEO® knows it is about understanding the story behind your financial model. While some founders might view it as “another” financial document, a Finance Savvy CEO® sees it as their roadmap to success. They understand that every dollar spent should contribute to their long-term vision.
A Finance Savvy CEO® can decipher the meaning behind each metric, whether it’s customer acquisition cost or lifetime value. This deep understanding allows them to make informed decisions that drive profitability.
IV. Ready to Talk Through Financial Decisions That Impact The Utter Existence of Their Business for the Long Term
Okay, let’s get real for a moment. As a founder, your business’s survival depends on your ability to navigate financial challenges. Whether it’s a cash flow crunch or a sudden market shift, you need to be prepared for anything.
A Finance Savvy CEO® doesn’t just focus on short-term gains; they plan for the long haul. They’re constantly assessing the financial health of their business and identifying potential risks. And when the tough times inevitably come knocking, they’re ready to pivot, adapt, and thrive.
THE BOTTOM LINE
So, what sets a Finance Savvy CEO® apart from “just” a founder? It’s a combination of confidence, preparedness, and thoughtfulness that only comes from a deep understanding of their financial landscape. By embodying these traits, you too can take your business to new financial heights and become a Finance Savvy CEO®.
Do you want to show up differently than “just” a founder for your small business? Sign up for FREE membership here and get weekly insights to help you on your road to becoming a Finance Savvy CEO®!