ryan russell

Continuing on with money and leadership for those young leaders out there that are currently avoiding this area. Following the next few posts will be few places will give you some action steps for growth in this area —

budget overview – chances are, if you don’t understand financial planning or accounting, then you neglect the budget overview that finance/accounting leader prepares for you every month. You might throw it in the trash or you count on someone else to explain to you where accounts stand and if you have anything to be worried about. What is critical is that you don’t understand the report yourself and what is more critical is that it is a symptom that you don’t understand how to lead in this area and that you are taking responsibility here.

ACTION = it is time for you to educate yourself. Make an appointment and sit with the lead money man/women of your organization. Ask him/her to explain things to you - go line by line - get the whole picture and don’t quit until you understand how to read and comprehend the thing yourself. You don’t need to understand the whole organization, buut you need to understand every figure that relates to your world of responsibilities. When you were a kid, mom and dad did that stuff for you. As a leader, you need to get engage in this stuff and get going with your education here.