Boulo Solutions’ Post

I made the bold decision today to split my CEO role into two positions -- a Chief Revenue Officer, and a CEO position that is focused on operational efficiency and cost savings. This gives myself more time to focus on growing the business while elevating the importance of efficient operations in the company. I lose the ego-tickle of the fancy CEO title, but I gain a more profitable company, happier customers, and a more effective team. Here's what I shared with my colleagues: Dear Team, I'm excited to announce that the CEO role is being divided into two positions. One role will focus on sales, marketing, and revenue growth. The other role will focus on operations, supply chain management and finance. I will lead the company for sales and marketing as the Chief Revenue Officer & Chief Marketing Officer. Working with the board, we will hire a new Chief Executive Officer. That position will focus on four big goals: 1. Supply chain efficiency – pursuing a lower Cost of Goods Sold (COGS). 2. Build a culture of efficiency in the organization that drives down expenses while maintaining exceptional customer satisfaction. 3. Drive financial strategy, budgeting, and data rigor to allow business leaders to make informed decisions and allow for company growth. 4. Build & refine operational systems and standard operating procedures that support business growth. This is a big change, for myself and the company. I ran through a number of leadership scenarios and ultimately for a position to be successful at building a culture of efficiency and belt tightening they need to be the boss. This change also reflects what type of leadership the business needs for its present life stage and the current economy. My strength is as a brand, sales, and marketing CEO. Over the last 5 years I have led an amazing team through 2,600% revenue growth and built a nationally respected brand in Dakota Lithium. All during a period of global supply chain upheaval. What the company needs now is the operational efficiency to match the revenue. We'll be publishing this job description shortly. Direct any inquiries to hiring@dakotalithium.com Courageously yours, - Andrew

🌟STRIVE - Accounting & Finance | STAR Candidates of the week 🌟 Double the Talent: We're excited to present not just one, but two exceptional candidates with unmatched expertise in finance and accounting, ready to make a significant impact on your organization. 🚀 Transformative Leadership | 💼 Finance & Accounting Expertise If your organization is seeking top-tier financial professionals to lead your team and drive success, let's connect to discuss how these 🌟candidates can bring value to your business!

Unpopular opinion but I think sector experience DOES matter, especially during turbulent economic climate. 💡 Case in point: I was recently at a certain sector event with fellow CPOs/CEOs/COOs/CROs etc. It was a very high quality event with some amazing connections made. And everyone was so eager to connect each other to fellow industry leaders from their network. I personally benefited from few new connections that I would have never made if it was not for that afternoon. At senior/C-suite levels, industry specialism & connections matter more than in early or mid career. As product people, we are generally sector agnostic! I focus on 3 specific sectors (education, healthcare, media), but I know many who have worked at 10-12 different sectors which is a great variety, BUT picking a “few” that you are bloody good at will always help you grow further in your career. 🙌🏼 In the same vein, I’m also VERY impressed with this CEO Pathways report created by Eton Bridge Partners Ltd! It’s a must-read for everyone and resonates with some of my thoughts mentioned above. 🙏🏼

Chief Executive Officer (CEO): - Provides strategic leadership, driving growth and innovation. - Serves as the public face of the company, representing it to stakeholders. - Establishes and communicates corporate values. - Oversees global expansion initiatives. - Focuses on client acquisition and market penetration. - Sets the company's risk tolerance and appetite. - Develops and manages the brand identity. - Determines investment strategies and capital allocation. - Drives product development and innovation. Chief Financial Officer (CFO): - Ensures financial stability and implements financial discipline. - Reports financial performance to the board of directors and shareholders. - Sets financial benchmarks and performance targets. - Optimizes existing markets and revenue streams. - Focuses on client retention and customer satisfaction. - Manages financial risks and exposures. - Tracks and analyzes financial performance metrics. - Manages investment portfolios and financial assets. - Monitors product profitability and cost-effectiveness. Chief Operating Officer (COO): - Implements strategic initiatives and operational plans. - Coordinates cross-functional departments for efficient execution. - Aligns operational processes with corporate values and objectives. - Manages operational aspects of market penetration and growth. - Enhances service delivery to facilitate business expansion. - Mitigates operational risks and ensures compliance. - Optimizes operational efficiency and productivity. - Allocates resources to achieve strategic objectives. - Oversees product manufacturing, logistics, and delivery. #CEO #CFO #COO #Leadership #BusinessRoles #CompanyLeadership #ExecutiveRoles #BusinessManagement #CorporateStrategy #Finance #Operations

Early on, you as a Founder are the CEO 🤠, COO ⛑, CTO 🎩, Head of Product 👒, Head of Sales 🎓, Head of Marketing... and Head of Finance (I ran out of hat emojis) Here are 5 actions you need to take in your Head of Finance role

What skills do you need to move up in finance? Let's take a look 👀 💻 𝗔𝗻𝗮𝗹𝘆𝘀𝘁 𝗹𝗲𝘃𝗲𝗹 Analytical Thinking Communication Listening Ownership Curiosity 🧑🤝🧑 𝗠𝗮𝗻𝗮𝗴𝗲𝗿 𝗹𝗲𝘃𝗲𝗹 Growth mindset Time management Resilience Relationship building Business acumen 💼 𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿 𝗹𝗲𝘃𝗲𝗹 Leadership Strategic Thinking Delegation Prioritisation Stakeholder Management 🚀 𝗖𝗙𝗢 𝗹𝗲𝘃𝗲𝗹 Emotional Intelligence Innovation Change Management Executive Presence Political awareness What would you add? ~~~~~~~~~~~~~~ Hello 👋, I'm Howard. I help finance people move up through mastering soft skills 🚨 Want to get hired or promoted in FP&A? My guide "How to get hired in FP&A" with Nicolas Boucher is live - check the link in my bio 🚨

Most CEOs spend 80% of their time doing activities they don’t enjoy and don’t excel at. When it’s time to delegate (so you can focus on where you deliver unique value), you may not have the right resources! That means you have to hire. For example, if you want to offload financial management, you will likely want to bring on a CFO, controller, or fractional finance executive. If technology implementation, operations management, or business development efforts tend to drain you, consider a CIO/CTO, general manager, or sales director. Establishing a quality senior team is one of the keys to a more saleable business. It’s a small step you take today to prepare for a great leap in revenue, innovation, and quality of life tomorrow. To learn what tasks you should delegate, try out our 80/20 exercise! https://lnkd.in/duSpnV_H #CEO #BusinessOwner #Delegate #Team https://lnkd.in/dNrcjf3Q

I'm often innocently asked, "What Does a Chief Strategy Officer Do?" It's a good question. Most have an inkling of the responsibilities of other C-suite roles such as the Chief Finance Officer or Chief Marketing Officer, but the role of a Chief Strategy Officer is often a mystery. So, here's my view on what a Chief Strategy Officer can do, 20 impactful responsibilities distilled into what I've coined the 𝟯 𝗚'𝘀 as they work to: 1/ 𝗚𝗲𝗻𝗲𝗿𝗮𝘁𝗲 the business foundations via a vision 2/ 𝗚𝗿𝗼𝘄 the business via organic and inorganic means 3/ 𝗚𝘂𝗮𝗿𝗱 the business from threats and inconsistency. The role of a Chief Strategy Officer can vary in its configuration and relies on many others to get the job done (often without direct influence), but ultimately it should be a pivotal orchestrator to generating and sustaining the value of an organization; today, and tomorrow. What do you think? Your views are very welcome. ---------------------- Want to help share understanding? [ 𝗹𝗶𝗸𝗲 or 𝗿𝗲𝗽𝗼𝘀𝘁 ] Want to add, edit, delete a responsibility? [ 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] And follow me, George Paras 💡for more strategy. ----------------------

Did you know that 80% of small businesses experience a revenue peak in their fourth year, with an average revenue of $2,164,000 for those with 10-19 employees? Most business owners find it challenging to sustain growth beyond this point. Often, business owners are overwhelmed, wearing multiple hats and struggling to break free from day-to-day operations to focus on strategic growth. This is compounded by a team that may resist change and cling to the status quo. So, what sets the remaining 20% of small businesses apart? They invest in executive-level leaders for key functions like finance, sales, marketing, operations, technology, and talent acquisition. Unfortunately, for most small businesses, the cost of hiring executives with salaries exceeding $250K is a financial barrier. Enter AltCMO – our team comprises seasoned executives in sales, marketing, operations, finance, talent acquisition, and technology. We work with your company on a fractional basis, offering expertise to boost revenue, enhance cash flow, streamline operations, and attract top-tier talent. The best part? You can bring in an entire executive team for roughly the cost of a single mid-level manager. Let's break free from revenue peaks and unlock your business's full potential together.