The Importance of
Knowing Finance
As I
continue on this journey we call the business world, I am learning something
new every day. It seems every time I
post a new blog I am posting on what I have learned from my past experience. And today it is the same! I now understand why I took finance in my
undergraduate program. Now that I am older I wish I would have paid attention a
little bit more, but this is all right.
Now that I am pursuing my masters, and taking another finance class I
see why every successful business had some form of a CFO.
So at this
point in my growth as company I have found a CFO for my business. Now some people may think that I am going to
lose control, or be careful they might steal your money. Well the current class I am taking now is
giving me the tools that are necessary to not this happen. My professor told us that we do not have to
be finance wizards, but by the end of this class we will know enough to where
we can look at financial statements, and understand what we are reading. I think this is another step and pushing me
to be the great CEO that I can become.
As a CEO of successful company I should know how much money my company
needs to run the day-to-day operations, and what we need to make a profit, and
live to see another day. For many
companies this can become their downfall, and this is why they do make it. It is not that they are a bad CEO, but it is
just they did not surround themselves with the right people to show where their
dollars were being spent. Also, many
small businesses the CEO are the CFO, and COO, which can be too many hats
sometimes. So again, I will let the world
know that if you want to have a chance of being a successful business owner
please know your finance or please put someone who can lead your company in the
right financial directions.
