Wonderspring Early Education’s Post

In family-owned businesses, a Conflict Triangle is a common pattern that emerges within the first six months of a new Non-Family Executive's tenure. New hires often feel pressure to prove their worth to the owners, leading to a desire to make significant contributions. However, without proper guidance, this can disrupt the established culture of loyalty within the company, especially when new ideas clash with long-standing practices. As tensions rise, feedback from legacy employees may trigger micromanagement from owners, resulting in a breakdown of trust and ultimately the departure of the new hire. Do you know an NFE who is stuck in a Conflict Triangle? Share the link in the comments for our upcoming NFE Peer Group on March 26th at 4pm CT. #familybusiness #executivesearch #familyowned #familyenterprise #peergroup

Do you know? Board of Directors (BOD) members can receive "millions of dollars" worth of stock from the company. However, most people don't know where to start until it's too late. Currently sitting on 6 BODs, I see a simple but not easy path to becoming a BOD member. The top way to become a board member is to become someone the company wishes they could hire, someone who fills a large gap they can't solve. How do you become that person? 1) Have a track record of building profit-generating departments: Managing a sales department at a rapidly growing company (like Vua Cua) or managing a department of a large corporation (like VinGroup). Sometimes small companies have important partners they want to maintain, so you might be invited to join the BOD to share experience working with that partner. This could be a starting point for your BOD career. If you need to build a roadmap for raising capital and growing your business from $1M -> $25M revenue in 03 years, you can check out this solution: https://lnkd.in/gu_ET-WY

Get to know Jessica Kashyap and learn how Focus Search Partners, A Vaco Company CFO Solutions’ practice can help you.

"We thought Jessica Kashyap would be the perfect leader, [because] she has 10 years as a colleague here with our business, she's a 'recovering CPA,' as she likes to say, and she's easy to work with," said Monica Foster, managing director of Interim Executive Services at Focus Search Partners, A Vaco Company. "Those three things became clear in determining how we can be net givers to the CFO community who are so near and dear to our heart." Watch the full video to learn more about Jessica and her role within our CFO Solutions' practice: https://lnkd.in/gRXwpcHH #cfo #cfoservices #cfoinsights #executivesearch

An acquisition propels rapid growth, but it also creates uncertainty among employees and other HR obstacles. Where can growing businesses find support? Spencer Brown, CEO of Cadence13 (formerly DGital Media), faced this challenge head-on with #Insperity's support. Utilizing Insperity's comprehensive HR services, he expanded his company from 213 to 608 employees, ensuring smooth integration during acquisitions. Insperity’s expertise helped create a cohesive, professional environment. As Brown's experience shows, the right partnership can drive remarkable growth. #InsperityClient #HRThatMakesADifference #SmallBusiness #Growth #MergerAndAcquisition https://lnkd.in/e3K3qhKq

Are you an #operational #CFO looking to move into the #CEO seat? Now's a great time. <<CFOs have historically been known for number crunching, but they are increasingly taking on more operational responsibilities. That helped a record number of finance chiefs ascend to the top job last year at America’s biggest companies. Among the firms represented in the S&P 500 and Fortune 500, 8.4% of them promoted a finance chief to CEO, according to exclusive data from Crist Kolder Associates, an executive search firm. That’s up from 5.8% a decade ago.>> https://lnkd.in/ehhwwhmK

Apart from the big 4, the smaller firms are restructuring to gain scale as management spins deals with BS to mollify workers. For example, BDO is doing an ESOP plan whereby the employees acquire the stock over time at a rich valuation price, allowing the senior partners to monetize & cash out. The BDO CEO explained the ESOP as a “game changer designed to improve the lives for generations to come… An ESOP is the realization of our purpose of helping people thrive every day amid the changing landscape of our profession.” I can’t believe the employees believe that crock? Marcum is being sold to CBIZ in its quest to expand the big 4 into the big 5. No doubt layoffs will occur in that consolidation. Is big really better? Better for whom?  Private Equity bought Grant Thornton which is a big-26 firm. PE claims it will bring new efficiency to GT by “adopting new technology that streamlines work and makes it easier to collaborate by standardizing processes, so they don’t need to be constantly reinvented.” Crock?  As far as I can tell, PE’s model is to cut costs to increase EBITDA & exit for a 3x profit: i.e. their strategy is to roll up their acquisitions in a 5-yr fund & sell out to one of the big 4 at twice the multiple they paid. 5 years and done is better for whom? Investors or employees?

Over the course of just 3 days in August, 80 members of The F Suite gathered for six different dinners in four different cities… all discussing the “Many Hats We Wear” as CFOs. That’s a lot of big ideas flying. Coast to coast, members explored questions like… ✔️ How do you balance being the HR leader and the finance leader? ✔️ As the organization grows, when’s the right point for the CFO to give up the non-finance teams? ✔️ When you’re wearing different hats, how do you structure and plan for compartmentalizing workflows?  ✔️ When the role of CFO intersects with the role of Chief Inspirer, how are you communicating the vision, and engaging the team in building it? Thank you to all the CFOs who joined us for these gatherings. There’s nothing like sharing some good food and good conversation with peers who just get it.  And a huge thank you to our member hosts for guiding these insightful conversations and going the extra mile to foster connections within the community: Luigi Testa, CFO at LinkSquares Jeremy Hux, CFO at UPSIDE Foods Chris Davis, CFO at Alma Haley Ludwigson, CFA, CFO at Cravings by Chrissy Teigen Dan Menudier, Vice President at Imply Hunter Bergschneider, CFO at Plume Clinic Events like these, with curated groups of peers so that conversation and connections flow, are part of what makes the F Suite community so valuable to members. Learn more about the benefits of membership here: https://lnkd.in/gskgvpTY

It's a wrap! Thank you to ACG St. Louis DealSource. Growth Operators sponsored the Craft Beer & Spirits event and Ron Hornbaker Jay Spencer Tiffany Hovland CPA, MPAcy welcomed hundreds of dealmakers after 4 hours of dealmaking! We look forward to following up with all of you and if we didn't have the chance to meet let's find time for one-on-one introductions. Growth Operators is one of Inc.® 5000 fastest-growing consulting firms having an impact on the US economy. Think of us as on-demand Finance, Accounting, and HR Operating Partners for your firm. Here is how we can help: 🤝 We provide hands-on advisory, fractional and interim executive management services in the areas of finance, accounting, and HR.  ✅ Focused on helping you with pre-acquisition, post-acquisition, and pre-sale.  📈 Growth Operators are experienced executives, not career consultants. Problem solvers who dig in and partner with your management teams to generate sustainable results and measurable value-creation. #growthoperators #acgstlouis #acg #middlemarket #mergersandacquisitions #privateequity #investmentbanking #dealmaking #corporategrowth

If the early years of a CFO’s tenure are about dousing any fires, scoping out the challenge, and pulling together the core team, midtenure is when the best finance leaders get bold. To understand how CFOs can find that higher gear, we interviewed eight former finance leaders about their midtenure moves. Here are the four midtenure priorities we identified: https://lnkd.in/g48GCxEN #CFO #strategy #finance #CorporateFinance