Phrase from a financier: "It's not about HOW MUCH money you earn or lose, but HOW you manage it."
The other day in one of our presentations, a good friend who regularly attends them, asked me…
• But, Jesus, here you are talking about:
Dashboard, Simplification of processes, Evolution graphics, Information systems, Global vision of the company, etc… etc….
And this, in some occasions, is not usually habitual or easy in the information that we have in some of our small
Business. My question is…… How much does a financier cost?…
How much?……. Does it serve…?, My answer was, as always, somewhat forceful:
• If a financier costs money….. You have to fire him…, It is necessary
• It necessarily has to "create value" for the entrepreneur, and obviously its cost is less than the profit it generates…
But …….. first the story ……… do you think?…
Empty ship
A long time ago, in a port far away from the sea, the abundant attendance of merchants (businessmen), who organized and filled their ships with merchandise, jewelery and other valuable items, was common.
Always, for the departure towards the adventure of the trip, they recruited the best sailors, and later established more or less the route.
On a specific day and before the departure of numerous ships, an elderly sailor and expert in the arts of sailing indicated to all of them that the sea was threatening a storm for several days, and that it was not advisable for the ships to be filled with goods and heavy.
All the merchants, as they could not wait, refused to
get rid of what they had acquired with effort, and they went to sea with all possible precautions, but with full ships.
Everyone, ……. except for a ship, which emptied all the contents and also went to sea.
A few days later, the storms that hit them caused the full ships to sink, which had ignored the advice and had not considered the corresponding information. All but one,…..the one who, evaluating the information and taking judgment, emptied his ship.
The maxims, I think they seem clear:
1. We all look for the best team (the sailors to go to sea), that is, we want to be surrounded by the best. Almost everyone did this well.
2. But not everyone remembered that information is important, and taking note of the experience is vital.
3. Finally, prioritizing and selecting becomes necessary, and taking actions to safeguard our ship (our company), is mandatory above all else.
Today, more than ever, with the storm we are experiencing, it seems advisable to get first-hand information on financial matters and especially on those related to business gaming. I think there is no doubt about this.
For companies, the financier must have our utmost confidence. And if we do not have it satisfactorily, we can think of perhaps three solutions:
The word training in companies has a lot of play ……. And it is often the lever that often moves the business fabric, as in so many other concepts.
The training and updating of our financiers, as the technicians of so many other areas, is crucial.
It would be advisable to resort at least periodically to training. I always comment that once or twice a year, financiers must "recycle" and "update", and above all the most important thing, cross ideas with other professionals with the same concerns.
We can consult in the job offers, perhaps as a reference source of the salary of a financier.
Right now I just consulted some sources in the usual media: a financial technician has an average salary of about 25 thousand euros / year. A Chief Financial Officer is perhaps around 60,000 on average.
But I insist on the idea, it must show us that the salary is earned, like the rest of the technicians, working among other areas, for example:
Another option may be to hire an external financier. Whose operation, I would recommend it to be:
The monthly hours to be used, and the level of dedication, obviously depends on the objectives to be achieved.
How much does a financier cost?
I insist on the basic idea that it should NEVER cost money. And if you don't ask him, • the entrepreneur who checked the figures, cost reduction and process optimization
• the businessman who recently made concrete decisions, because he ALREADY had quality information in his possession, • to the saver or investor that with some money, we indicated not to accept some advice that they gave him to invest in some "places", (they said that "they were a safe value")
• to the businessman, who now, as a result of the simplification of his administrative circuits, has modified and optimized his structure.
• the administrative technician, who a year ago required specific training in his job, and not the external generalist.
• etc etc….
How much does a financier cost? ……. If it costs money, fire him!…. But if you think it can create value for you,…. dare and try…
