Most of the time, we don’t get to choose who we work with every day. But our coworkers’ and our relationships are crucial to our day-to-day work. Not only can poor workplace relationships be real personal downers, they can also hinder productivity and bring down office morale.
You might already have an answer to the first question in the article title.
Believe in yourself.
So, the follow-up question is how do you come to believe in yourself?
By preparing to perform a task or role. That is what builds the confidence in our ability to be successful. We suspect you agree.
Ok, how can you plan the preparation and execute the plan to ensure you feel prepared?
When most finance professionals hear the term “13 week cash forecast,” they view it as a burden—one more task to appease an overbearing lender. Most finance professionals do not get nearly as excited about building it as they do about building a projection model for an acquisition or investment. It doesn’t help that companies generally tend not to focus on their liquidity needs until they are forced to do so. Therefore, people often only prioritize the weekly cash forecasts in distressed situations, when it is too late to take corrective actions. And even still, the analysis is often hastily executed and inaccurate.
In today’s challenging economy, there is more pressure than ever on small to mid-size firms from their banks, their CPAs, investors and the SEC (if they are public) to produce accurate and timely financial reports. In many firms this task, painful and slow if not automated, falls on the shoulders of the firm’s Accounting Team, usually the Controller.
The following scenario is all too common. A CEO/CFO is inundated with chronic business problems: on-time delivery, customer service responsiveness, inventory inaccuracies or any of a handful of other afflictions. The management team blames a host of demons, most notorious amongst them, obsolete or dysfunctional systems.
