Anders Liu-Lindberg’s Post

The differences between CEO and CFO.

The transition from CFO to CEO can be successful under certain circumstances. CFOs bring valuable financial expertise, analytical skills, and a deep understanding of the company's financial health, which are essential for effective decision-making. Additionally, CFOs often have experience working closely with the CEO and other executives, providing them with insights into the broader aspects of running a company. However, being a successful CEO requires a broader skill set that goes beyond financial expertise. CEOs need to have strong leadership abilities, strategic thinking, communication skills, and the ability to manage diverse stakeholders. They must also be comfortable making tough decisions, managing risk, and driving the overall vision and direction of the company. While many CFOs possess some of these skills, not all may have the full range of qualities required to be a successful CEO. It ultimately depends on the individual CFO's experience, capabilities, and aspirations. Some CFOs may choose to remain in their finance-focused roles, while others may have the ambition and the necessary skills to transition into the CEO role.

CEO vs. CFO. What are the main differences? The CFO should be the right hand of the CEO. But is there a limit to how much a CFO can take over? Let's look at some examples... 🏬 CEO sets the direction 💰 CFO drives it throughout the company 🏬 CEO decides on the budget 💰 CFO recommends the budget level and follows up 🏬 CEO drives the culture of the company 💰 CFO leads by example 🏬 CEO manages the C-suite 💰 CFO manages the finance leadership team 🏬 CEO generates new business and projects 💰 CFO makes new business and projects profitable 🏬 CEO is the right hand of the chairman 💰 CFO is the right hand to the CEO How would you describe the difference between the two roles? Do you think the CFO would make a good CEO? ---------- 🧑💼 I'm a partner at Business Partnering Institute 🆘 Need immediate help in your finance team, call us! 🤝 We help increase the influence of your finance team 🔔 To see more content, hit the bell on my profile 🧑🎓 Enroll in our LinkedIn course: https://bit.ly/4a5fB9l 📻 #FinanceMaster podcast: https://bit.ly/3NLSt73 📄 Check out all our templates and cheat sheets here: https://lnkd.in/eC_zuCU4

Today on CFO 4.0, Hannah Munro welcomes the remarkable Andy Burrows, Founder of Supercharged Finance, as they delve into the realms of business acumen, curiosity, and the transformative habits that define the most successful finance professionals. Andy shares his unparalleled insights on: 🔹Building a robust finance mindset that transcends traditional number crunching. 🔹The art of cultivating curiosity to unlock strategic insights. 🔹Implementing high-performance habits that drive career and team success. 🔹Assessing and elevating your team's business acumen with proven strategies. 🎧 This is more than just a podcast episode; it's a blueprint for those ready to lead and innovate in the finance world. Whether you're a CFO, an aspiring finance leader, or anywhere in between, these insights will equip you to navigate the challenges and opportunities of the modern financial landscape. 🔗 Tune in to CFO 4.0 right now to catch all the wisdom Andy Burrows has to offer. https://hubs.li/Q02qBpyY0 #CFOPodcast #FinanceTransformation #Leadership #Innovation #SuperchargedFinance #MustListen

These 3 advantages of Fractional CFOs feel illegal to know.... We know that growing is hard but making sure to having the right people in the right seats is even harder. That's where having Fresh FP&A can make the difference. Here's why: 1️⃣ Cost Efficiency: Get top-tier financial leadership without the full-time costs its about maximizing impact not costs. 2️⃣ Futuristic Outlook: We doesn't just manage your current financial needs but strategically prepare your business for future challenges & growth. 3️⃣ Holistic Integration: From finance to operations, we connects all critical components of your SMB. Jill Mullens and I dove deep into the connection with HR and finance in this podcast 👉 https://lnkd.in/gmZeXFBf I'd love to hear from you! How do you think a Fractional CFO could change your business? Drop your thoughts below! 👇 #cfo #freshfpa #fractionalcfo #finance #insights #financeleaders #professionalgrowth #fpa #fpanda #business #virtualcfo #business #leadership #relationships #learning #knowledge #freshcfo

3 Pillars Every CFO Needs to Know About: Building a High-Performing Team Over 20 years in finance, leading Fresh FP&A's fractional CFO services for small to medium sized businesses (SMBs), I've found these 3 foundational pillars successful: 1️⃣ People: Having the right people in the right seats. 2️⃣ Processes: Having the right people in the right seats and doing the most efficient work. 3️⃣ Partnerships: Having the right people in the right seats, doing the most efficient work bringing the right business value. What are your thoughts? What did I miss? Share your insights in the comments 👇 This is a preview of the great conversation I had with Jill Mullens, Sr. Advisor at Evolve HR Group from our Beyond the Numbers podcast. Watch our full conversation here 👉 https://lnkd.in/e7BffycA #cfo #freshfpa #fractionalcfo #finance #insights #financeleaders #professionalgrowth #fpa #fpanda #business #virtualcfo #business #leadership #relationships #learning #knowledge #freshcfo #people #processes #partnerships

Interested in starting your own firm or becoming a fractional CFO? Here's what worked for me. Exploring the fractional CFO role: - Read "So You Want to be a Fractional CFO" by Tom Schultz - Listened to every single episode of The CFO Report by Michael King Niching down: - Talked to CPG founders to understand their needs and refine my offer - Listened to many many podcast episodes about CPG - Invested money and time in attending events and creating/nurturing relationships - Took work at an introductory rate, then did my best to "wow" them Marketing: - Invested in great branding from Kelsey Scofield - Took Dr. Melissa Henault's free LinkedIn Intro Course (and put it to work) - Built an MVP website myself with testimonials to my work gathered from any and all willing parties who could speak to it Tom Schultz and Michael King both have coaching programs. Coaching is not for me right now, but feel free to send me a note about your plans, and I'll be cheering you on! I am having a blast, and there are so many small businesses who could use help. ------------------------------------- I help innovative and #betterforyou #CPG founders scale their emerging brands with my expertise in #finance, accounting, and technology. Please reach out if you'd like to chat!

FROM THE ARCHIVE - BOARDS WITH PATRICK DUNNE What is the role of the CFO with the Board? Way back in episode 22 of the #growcfoshow had a fascinating conversation with Patrick Dunne, author of "Boards", about the relationship between the CFO and the board. Some key insights: Patrick discussed how the CFO plays a crucial linking role between the executive team and the board. As the "interlocutor", the CFO should be a partner to the CEO, communicating openly while maintaining integrity. When recruiting a CFO, boards should look beyond technical skills to find someone who can clearly explain the business dynamics and operating model. Strong management, communication and strategic skills are also important to effectively partner with the CEO and engage with the board. Boards would benefit from considering if a CFO has the potential to be a future CEO. In the role, CFOs need to navigate building trust with management while maintaining independence to provide critical feedback to the board. The board relies on the CFO to gain insights into company performance, risks and strategy. An effective CFO-board relationship is vital for good governance and supporting management. Patrick's book "Boards" provides valuable perspectives on crafting these important relationships. Patrick is joining us in GrowCFO for a Masterclass this week on resolving conflict in the boardroom. There's still time to book your seat https://lnkd.in/eYsm837D Listen to the full podcast with Patrick here: https://lnkd.in/eT8aUN7m

Top 10 priorities for CFOs. Here's how to deliver on them... I have spoken with 100s of senior finance leaders. It's given me a unique understanding of their priorities. Here, it's summarized into the top ten priorities for CFOs.  1. Leadership  2. Strategy  3. Driving growth  4. Bringing down debt  5. Using Generative AI  6. Tackling ESG reporting  7. Closing the talent gap  8. Getting on top of data  9. Better financial planning 10. Cross-functional collaboration Ten comprehensive infographics to solve your challenges. The goal isn't to make life easy for CFOs. -> It's to help them solve their hard priorities well! PS. What do you think should be the top priority for CFOs? ---------- 📺 FinanceMaster on YouTube: https://bit.ly/4bSBut6 📢 Join our WhatsApp channel: https://bit.ly/3WWGOrc 👩🏫 Our LinkedIn Learning course: https://bit.ly/4a5fB9l 📻 FinanceMaster Podcast: https://bit.ly/3NLSt73 📄 FinanceMaster resources: https://lnkd.in/eC_zuCU4

🎙️ CFO Talk:  The 8 Superpowers CFOs Use to Scale - with Michelle Kvello Steve had a great discussion with Michelle on The 8 Superpowers CFOs Use to Scale their businesses. The secrets she unveils in this CFO Talk come from years of experience growing businesses from the CFO role. Here are 3 takeaways from a long list of takeaways Michelle left us with. 1️⃣ Storytelling is Key: As CFOs, our role goes beyond just numbers. We need to be storytellers who can communicate the story of our business through the data. Without a compelling narrative, the numbers lose their impact. Remember, a well-told story can move the conversation forward with stakeholders. 2️⃣ Focus on Key Metrics: In a sea of data, it's essential to identify the key metrics that matter for your business's growth. These metrics act as the guiding lights, alerting you to potential problems or opportunities. By laser-focusing on these metrics, you can make informed decisions and allocate resources effectively. 3️⃣ Simplify for Success: The finance industry has a reputation for complexity, but that doesn't serve anyone. CFOs should strive to simplify processes and explanations, making financial insights easily understandable to both fellow executives and non-finance colleagues. Simplification not only enhances communication but also enables better decision-making throughout the organization. If you're curious about the 8 superpowers and how they can help your business scale, tune into the podcast episode. 🏫 CFO.University is a professional development center for CFOs and aspiring CFOs 🌎 🌍 🌏 Our Mission:   Develop world changing finance leaders 👁  Gain insight into your professional development with the CFO Readiness Assessment https://lnkd.in/gA-xNbG 💥Learn about the Four Pillars of CFO Success here. https://lnkd.in/gK8vqr3r #CFOtalks #FinanceSuperpowers #ScalingBusinesses #StorytellingInNumbers