Why Non-Finance Teams Need To Know How The Numbers Work
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Andrew Fick, Founder of Finance Fusion, talks to John Watson about the importance of financial literacy for non-finance teams and how understanding finance can empower employees to make informed decisions that positively impact the bottom line.
He emphasizes the need for intentional decision-making, the significance of cash flow, and the value of training non-finance professionals in financial concepts.
The discussion also touches on the role of networking, collaboration, and the lessons learned from both public and private sectors, highlighting the importance of asking for help and the power of community in business success.
Connect with Andrew Fick here:
https://www.linkedin.com/in/andrew-fick-ca-sa-financefusion-finance-training/
https://financefusion.com/
#therightplacepodcast #financefusion
Andrew Fick, Founder of Finance Fusion, talks to John Watson about the importance of financial literacy for non-finance teams and how understanding finance can empower employees to make informed decisions that positively impact the bottom line.
He emphasizes the need for intentional decision-making, the significance of cash flow, and the value of training non-finance professionals in financial concepts.
The discussion also touches on the role of networking, collaboration, and the lessons learned from both public and private sectors, highlighting the importance of asking for help and the power of community in business success.
Connect with Andrew Fick here:
https://www.linkedin.com/in/andrew-fick-ca-sa-financefusion-finance-training/
https://financefusion.com/
#therightplacepodcast #financefusion
Chapters
- 00:00 Preview and Introduction
- 01:33 Empowering Non-Finance Teams
- 02:31 The Cost of Financial Ignorance
- 05:30 Being Better Informed = Better Decisions
- 07:32 The CFO Is The Person You Fire When Things Go Wrong!
- 08:38 Understanding Key Financial Metrics
- 10:43 Knowing How Business Finance's Actually Work
- 13:10 Shifting from Reactive to Proactive Financial Management
- 16:38 Business Owners Must Know Their Numbers Better Than Accountants
- 18:09 Training Non-Finance Teams on Financial Acumen
- 19:24 Simulated Learning for Real-World Impact
- 21:03 Bridging the Gap Between Finance and Operations
- 22:53 Essential Skills for Non-Finance Professionals
- 25:50 The Importance of Entrepreneurial Thinking
- 28:24 The Evolving Role of Chartered Accountants
- 30:34 Lessons from Public Sector Experience
- 33:51 The Power of Intentionality
- 37:33 Connecting With Like Minded People In The Lekker Network
- 42:22 Vision for 2025: Empowering Non-Finance Teams
