3 Startup Financing Myths You Should Avoid

Leading Blog

I F you are building a startup, you’ll find no shortage of people who are willing to give you advice, particularly when it comes to raising financing. For some entrepreneurs, raising financing can seem like a full time job, particularly in these trying times. My first institutional financing came from people who were in the “MIT” network. These are just some of the many myths that are given as advice when entrepreneurs are trying to raise financing.

Going Paperless With Your Finances: Why It Makes Sense

Strategy Driven

No matter how complicated your finances are, you need a way to keep track of invoices, payments, tax details, and all other relevant information. If you’ve ever relied on paper files for your business finances, you know that searching for a single page out of hundreds can take time.

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Frontline Finance Fundamentals: How To Talk With Your Team about Money

Let's Grow Leaders

Do you bore your team with finance slides full of terms they may not understand? Does your frontline team know how your business makes money? The post Frontline Finance Fundamentals: How To Talk With Your Team about Money appeared first on Let's Grow Leaders. Business Acumen Help People to Grow business explaining financials finance financial terms financials

How to Simplify Your Business’s Finances

Strategy Driven

It might sometimes feel as if your business needs to choose between keeping its customers happy or enjoying healthier finances. A few new tactics and tools could provide the solution you have been looking for, so keep reading to find out how to simplify your business’s finances. Doing so will provide both you and your team with targets to hit each day, week or month, which will help to keep your business firmly in the black.

HR Benchmark Report: How to Recruit, Coach & Develop Teams

Do you really want a team of all-stars? Instead of trying to hire all Type A high performers, research shows it’s much more effective to hire a mix of personalities. In this report, Paycor will explain why and how to go about assembling, coaching, and developing effective teams at work.

How to Lead When Your Team Resists Change

Let's Grow Leaders

When Your Team Resists Change, It’s an Opportunity for Ownership You’ve noticed a problem, spent the last four days meeting with finance, strategizing, and building an action plan. You’re energized about what your team will achieve, your boss and peers are on […]. The post How to Lead When Your Team Resists Change appeared first on Let's Grow Leaders.

Does Your Team Have a #1 Priority?

Great Leadership By Dan

Guest post from Mike McHargue: Does your team have one clearly stated priority? And, is everyone on your team crystal clear about what that priority is? When teams have more than one top priority there often isn’t unity and clarity about what actually is important. Each member of the team is left to decide on his own what the priority is. The finance person’s priority is budgets and profit/loss statements. The HR team is focused on HR issues.

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Leading Virtual Teams: 12 Powerful Ways to Lead a Team You Can’t See

RapidStart Leadership

How do you lead a team that’s not there? Yet leading virtual teams is the future. Studies show that 25% of jobs involve teaming from distant locations. So today we’ll look at 12 things you can do to overcome the challenge of leading a team that’s somewhere else. When it comes to leading virtual teams, the physical distance between you and your teammates is the price you pay to realize all the other advantages of remote collaboration. Gather the team.

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Launching a Personal Finance Revolution

Chris Brady

The series is called the Personal Mastery Series , for reasons which will become obvious to all viewers, and the subject matter for the first episode is personal finances. The title of the event is, Launching a Personal Finance Revolution , and can be purchased in advance here. Join us for some candid commentary on how you can gain personal mastery over money and Launch a Personal Finance Revolution in your life!

A Merging of Minds: Finance and Sales Collaboration for Increased Profitability

The Kini Group

You’re sitting at your desk, reading an email from a colleague in the finance department: “We can’t approve the discount on the deal you’re trying to close. A lack of communication and teamwork between the sales and finance departments creates major frustration. Unfortunately, many teams tend to work in silos. As each team’s goals get more concrete and data-related, it also seems like their objectives don’t line up and sometimes even contradict the other’s.

You’re All One Team

Joseph Lalonde

They see them as competition, not as team-mates. Leaders can begin to break apart the cohesive of a team without even recognizing it. It can and does, but it also creates strife among team members. By throwing out contests where people have to compete against one another, you’re making your team enemies. You may have started out in the finance department and moved into a leadership role in the human resources department. You’re All On The Same Team.

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What Will It Take to Make Finance More Gender-Balanced?

Harvard Business

It is no wonder we came to fear our gender would keep us from achieving the same level of success as our male peers in finance. Because one of us (Malin) grew up in Sweden, considered to be one of the most gender-equal countries , with f amily-friendly policies that emphasize both parents’ responsibility of raising a family, we wondered whether gender equality in the finance industry in Sweden had progressed further than it had in the U.S. shutterjack/Getty Images.

How To Move a Team From Forming to High Performing in < 48 Hours

Let's Grow Leaders

The second week on campus, teams of first year MBA students would have 48 hours to research and make recommendations on a real business challenge for a large, high-profile company and package and communicate their recommendation to a high-profile audience. Every team was given the same challenge, information and resources. What was fascinating was how the teams varied in their approach to team dynamics and interaction.

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How To Be A Better Business Leader – 5 Top Tips

Women on Business

Reader Submission business finance business leader Leadership team building team development team leader We''ve Moved! Update your Reader Now. This feed has moved to: [link] If you haven''t already done so, update your reader now with this changed subscription address to get your latest updates from us. link].

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Operation Getting More Value In Business

Strategy Driven

Assemble The Strongest Possible Team. This should be followed by an ongoing investment into their development both individually and as a team. The best ways to achieve this are through training and team building exercises. As a business, providing customers with value for money.

How to Build Team Culture One Test at a Time

RapidStart Leadership

We all recognize that building team culture is important We know a strong team culture can have a huge positive impact on team effectiveness, employee engagement, and overall productivity. I happened to see this first-hand some years ago when I watched a team on the verge of collapse do something that amazed me. More importantly, their actions cemented their team culture even in the face of failure. We got word that they were fielding a few teams too.

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How to Build ROPE Teams in Sales Organizations

Leading Blog

Neil Armstrong’s historic step onto the lunar surface was not his achievement alone, but the result of decades of effort by a team of thousands. In this, as in most complex human endeavors, teams outperform individuals. Along the way, I learned a great deal about team development and leadership. I saw that successful leaders compensate for their personal shortcomings by recruiting team members with complementary skills and temperaments. Outside ROPE Teams.

Is #MeToo Backlash Hurting Women’s Opportunities in Finance?

Harvard Business

As someone who works in finance and is currently a student in the executive MBA program at the Wharton School, I’ve heard men say that they’re less likely to hire or associate with women as a result of the intensity of MeToo. Even if we could get past the troubling message this sends, this isn’t practical — women only make up about 25% of the executive team at the top Wall Street firms, and there simply aren’t enough women to sustain this model.

Why Consensus Kills Team Building | N2Growth Blog

N2Growth Blog

Where Dan lost me was on point #4 – Teams Decide by Consensus. In recent months I have observed a decent amount of politically correct discourse on the topic of team building and equality. The gist of the argument seems to be that for teams to be productive, employees have to feel “empowered&# by having an equal voice. And as odd as it may sound, one of the greatest impediments to building productive teams is practicing management by consensus.

9 Team Building Activities Your Entire Staff Can Enjoy

Strategy Driven

In theory, organizing team building activities is a perfect way to get your team to get to know each other outside the office and form a stronger bond within the office as a result. Here’s a list of fun team building exercises everyone can participate in and enjoy. A scavenger hunt is a classic team collaboration game. The rules are easy: Split your team into equal sized groups and send them out with a list of fun things to find.

Iridius Capital Is Headed Back To The Office ? Founder And CIO G.S. Jaggi Shares How And Why

CEO Insider

of real estate since 2011, giving their team a front-row […]. CEO Insider Asset Management Corporate Finance Finance Financial Structuring Investment Banking Investments Mergers And Acquisitions Portfolio Management Private Equity Real Estate EconomicsJaggi, known as “Jaggi”, is the founder and Chief Investment Officer of Iridius Capital, a real estate firm based in Tucson, Arizona.

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Improve Team Accountability With a Consequence Bowl

Great Results Team Building

If you woud like to improve your team accountability, starting a fun “consequence bowl” tradition may be exactly what your people need. It should not only be the responsibility of the team leader to hold others on the team accountable. All team members or staff should actively claim ownership for their own behaviors and for holding each other accountable. This will lead to better team communication, increased productivity, and improved cohesiveness.

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These Are the People You Need on Your Startup Team

Chart Your Course

Often the leader is brilliant and quirky and the team is passionate and driven. Neither stereotype nor formula, putting together a team with the right personality traits can be tricky, especially given the fact that your personality plays an important role. Understanding that each team member has a role in the company and their personalities need to match these roles can mean the difference between failure and success. Your Sales Team.

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Mob or Team?

Chris Brady

 Conversely, a team of highly functioning and productive people is one of the most heart-warming and inspirational. People must combine into productive groups and each contribute their best to a team effort for real accomplishments to occur. Participating on such a team can be one of the most liberating, exhilarating experiences in life. They are more concerned about the glory of the team than they are about personal accolades. " So it is with teams.

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Put Time on Your Team

Strategy Driven

The commitment of finances, organizational energy, and resources – human and otherwise – can be daunting. But with of all of the difficulties the passing months bring, positives do present themselves for selling teams that are effective and organized. While the concept and strategy of team selling is widely known, there is less talk about the fact that prospect organizations buy in teams as well. You just finished reading Put Time on Your Team !

Just for Entrepreneurs: How to Choose the Right Financial Adviser

Strategy Driven

In premodern times, as the great cathedrals of Europe were constructed, the master builder held all of the necessary knowledge in his head and directed huge teams, but the projects were not collaborative. Today, complex large structures involve a team of architects, engineers and others who work together in constant communication. Managing Your Finances business management Entrepreneurship financial adviser managing your finances strategydriven

4 Things You Should be Looking for When Picking a Contract Management Solution

Strategy Driven

The ideal contract management system is customisable, allowing you to integrate it with your finance, customer relationship management, and enterprise resource planning system. Team members should be able to share relevant documents and discuss them in real-time, and approval should arrive within minutes of legal signing it off. Managing Your Finances contract management contract management solution contract management system Entrepreneurship managing your finances strategydriven

Jon Acuff Resignation from Dave Ramsey Team Raises Questions

Modern Servant Leader

Today, Jon Acuff resigned from the Dave Ramsey team. In response to the resignation, Dave Ramsey’s team has apparently shut down all digital assets associated with Acuff. The actions by Ramsey’s organization and the lack of transparency from either man raise questions in the Christian business, personal finance and leadership communities. This, of course, assumes Jon did not instruct Dave and team to shut down the sites until they are transferred, either.

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Questions and Team Building | N2Growth Blog

N2Growth Blog

Whether you like it or not, your success as a CEO will be largely tied to your team building ability. Not only do great CEOs understand how to recruit a top executive team, but they also understand how to build cohesion among team members through collaboration while addressing specific situational and contextual needs. They understand how to effectively deploy these highly productive and valuable team members to create tremendous leverage and velocity across the enterprise.

Guest Post: 3 Tips for Building Trust on your Team

Lead on Purpose

Of course, he was a great businessman; but he recognized that he needed a team full of people who were better than him in certain areas. Susan Wells is a freelance blogger who enjoys writing about automotive and health news, technology, lifestyle and personal finance. Product managers who remember that one thing and act accordingly, have great results with their team and their products By Susan Wells. Get to know your employees.

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How to Boost Your Profits

Strategy Driven

For example, a sub-total column on an invoice can help speed up the efficiency of your accounts department; introducing cloud-based technology so that your teams can collaborate easier, or even something as simple as moving the printer’s location to be nearer to the receptionist can help to make working more efficient. Managing Your Business Managing Your Finances business management Entrepreneurship managing your business managing your finances strategydriven

Operation Getting More Value In Business

Strategy Driven

Assemble The Strongest Possible Team. This should be followed by an ongoing investment into their development both individually and as a team. The best ways to achieve this are through training and team building exercises. Entrepreneurship Managing Your Finances budget management business finances business management managing your finances strategydrivenAs a business, providing customers with value for money.

Financial Fluency and A Leadership Opportunity

Great Leadership By Dan

Bring your model alive by using the pieces and terminology in your conversations with everyone on your team. finance leadership Alan E. Shelton finance and accounting for leaders financeGuest post by Alan E. Shelton, leadership coach, speaker, blogger, and author: As a leadership coach and consultant I am considered a thought resource in the area of developmental leadership.

Maximize Tax Savings Using This One Simple Trick

Strategy Driven

Passionate about helping clients navigate the complex intricacies of tax law, Steve practices as the founding partner of Moskowitz LLP in San Francisco, overseeing a growing team of accomplished tax attorneys and accountants. Managing Your Finances business management strategydriven Taxes

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August 2020 Leadership Development Carnival

Lead Change Blog

We’re excited to share posts from leadership experts from around the globe on the topics of communication, development, engagement, motivation, productivity, team building, and more. Ken Downer of Rapid Start Leadership provided Non-Verbal Skills for Virtual Team Leaders. Shelley Row of Insightful Leadership shared Staying Engaged with Virtual Teams. Team Building. Jesse Stoner of Seapoint Center shared 4 Tips for Leaders Who Switch to Remote Work Teams.

Dealing with Payroll for Small Business Owners

Strategy Driven

Large businesses can employ payroll experts or even entire teams to take care of all aspects of payroll. Managing Your Finances business management Entrepreneurship managing your finances strategydrivenSingle touch payroll is one of those essential tasks that small businesses must undertake, but it can be a confusing and time-consuming process.

9 Team Building Activities Your Entire Staff Can Enjoy

Strategy Driven

In theory, organizing team building activities is a perfect way to get your team to get to know each other outside the office and form a stronger bond within the office as a result. Here’s a list of fun team building exercises everyone can participate in and enjoy. A scavenger hunt is a classic team collaboration game. The rules are easy: Split your team into equal sized groups and send them out with a list of fun things to find.

Ensuring Money Doesn’t Become A Problem For Your Business

Strategy Driven

If you have a professional on your team, things are far less likely to go wrong. Managing the finances of a business is tough even when it is something that you have been trained to do. If you haven’t had any training in finance, then it is going to be even tougher and more mistakes are likely to be made. Managing Your Finances Accountant Batch Skip Tracing business management strategydrivenYour business is precious, and you need to protect it in any way that you can.

Study: Smaller Teams Perform Better Than Bigger Teams

HR Digest

Teams that have interdepartmental interactions do better. The five key workplace findings were: Smaller work teams perform better than larger teams. Individuals and teams with ‘skin in the game’ (some kind of monetary investment) do better. Teams that have interdepartmental interactions do better. Cross-functional teams do better than specialist groups—counterintuitively, this holds even when the specialist group are finance professionals.

How Big Data Brings Marketing and Finance Together

Harvard Business Review

Rajamannar involved finance early. To spearhead analytic efforts, he assigned a finance person – who was already embedded in marketing – to create an ROI evaluation framework and integrated her deeper into the marketing function. With a better understanding of the marketing context, she has brought a new level of financial discipline and rigor to the marketing team. Once mostly marketing, it’s now equal parts marketing, finance and analytics.

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Team Leader / Manager you are NOT a Mind-Reader. Even Mind-Readers are not mind-readers

Mike Cardus

You are team leader on a cross-functional team project that includes; Sue from finance, Jack from engineering, Brian from Quality Assurance, Stephanie from human resources, Terri is the customer representative, Tony from production and Mike (me) is the team coach…. In your 3rd project team meeting you notice that Brian is yawning and making faces during your project update. I spoke with several team members and they told me you yawn in other meetings.

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You Say You’re a Leader? Fix Your Divots.

Lead Change Blog

Ask teams these three questions to fix your divots after a great shot: What resources (supplies, finances, etc.) But be prepared, it’s your leadership responsibility to deal with the natural consequences of you and your teams’ actions. Ask teams these two questions to deal with the aftermath of a big miss: How was my/our initial response to this imperfection encouraging (mistakes happen, what did we learn, etc.) and adjust (teams, tactics, etc.) Divots happen.

Shifting Finance from Controlling to Improving

Harvard Business Review

Yet this is exactly the challenge facing leaders of the finance function who are asked to help their organization improve the way that work is done. As finance shifts its focus from controlling costs to advising managers on improvement activities, CFOs must change their thinking and behaviors. Even though when I get up and talk, because it's my role, I talk about finance, I'm always thinking about the impact on customers, quality and safety, and employees as well.".

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