I was wondering if you can help me with some thoughts on a situation I continually face.
I would really like to be able to focus on adding value to the business, both from a longer term strategic view as well as helping the company make the right decisions on an ongoing basis.
I am finding however that I am spending too much time reviewing and correcting the work of my team. Sometimes I find myself having to do the work that my team was supposed to do because of vacations or unplanned time off.
How can I get beyond this?
Frustrated in Fresno
As CFO, you are only as strong as your finance team allows you to be.
A smooth functioning finance team does not happen by itself. It requires:
- knowing what work needs to get done
- preparing an org chart that allows you to be properly staffed so that the work get done, right, the first time, on time.
- staffing your team with the appropriate people
- replacing poor performers and people that do not have the skills you need
- having a talent development plan to ensure the people on your team continue to develop.
Having a sounding board, like a CFO Coach, can certainly help you stay on track to ensure you develop your team properly, as well as help you prepare your vision and action plan.
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