I just attended a fantastic event at ACG 757 Network and can't wait to return!
The panel discussion, moderated by Doug Moore from Fahrenheit Advisors, featured some insightful advice from CEOs and CFOs on navigating uncertainty. Here are some key takeaways:
- Mark Dreyfus, President of ECPI University, emphasized the importance of being aware of industry regulations impacting your business and focusing on cost, cash flow, and compliance.
- Gary Warren, CEO of IvWatch, stressed the importance of building an authentic culture and having relationships with your employees. He also encouraged allowing your leadership team to make mistakes (but not catastrophic ones!) and looking for people who want to make a difference.
- Jay Jamison, CFO of Burlington Medical, highlighted the importance of balancing cost with the supply chain and focusing on trust, transparency, and risk management without damaging relationships with vendors. He also stressed the importance of regular 1-on-1 meetings, capital needs, and capital deployment tied with sales forecast.
- Christian Picaza, VP of Finance of Eagle Aviation Technologies, recommended negotiating contracts for better terms, collecting data in a centralized location for KPIs, and assessing the risk of customers or vendors and new software.
If you're a new CEO or CFO, the panelists also suggested seeking out peer groups, mentors, job descriptions, and strategic planning resources.
Check out ACG 757 Network's website for more great events: https://lnkd.in/eXwzKmA7
#middlemarket #acg #ceos #cfos #coastalvirginia #norfolk #uncertainty #757
Managing Director & Investment Committee Member at Star Mountain Capital, LLC
1moWell done everyone and welcome to our newest members!