5 Ideas for the Summer for CFOs
With last week's solstice announcing summer, some adhere to tradition by leaping over bonfires for protection throughout the year. However, as forward-thinking CFOs, we prefer practical strategies—especially with that troublesome knee getting in the way of a fire jump.
While some market sectors are experiencing positive energy, many firms are in a holding pattern. However, signs of future funding for startups and small businesses are emerging. Perhaps a summer slowdown presents a unique opportunity to prepare for what lies ahead. Here are five proactive ideas to consider before your summer vacation.
1. Reconnect
Take a breather with a fresh cup of coffee and reconnect with your professional network. Update your LinkedIn profile, reach out to old contacts, and follow influential leaders. Strengthening your network now can pay off down the road.
2. Rethink
Gather your team's (or from other groups in your firm) rising stars and brainstorm upcoming challenges. Strategize on how to position your team for future success and adaptability.
3. Revamp
Evaluate and enhance. Critically assess your processes, plans, and forecasts. Discuss with colleagues and explore innovative technologies. It might be the perfect time to roll out a new initiative for the fall.
4. Refresh
Dust off last year’s budget or strategic plan. Make notes on changes in assumptions and processes for this year. Develop three actionable ideas to bring to your team.
5. Restore
Everyone deserves a break. Plan a fun, relaxing event for your team this summer. Strengthen bonds, share laughs, and unwind away from the screen. And take your vacation time.
The Charles River CFO Advantage
Charles River CFO provides strategic CFO and related accounting, finance and HR services on a fractional and interim basis to organizations experiencing growth and change. All our Practice Leaders, including our CEO, have career experience as CPAs at Big 4 accounting firms. We Are Trusted Experts.
If you want to discuss how Charles River CFO can work with your firm to provide financial stability and growth, please call us at (781) 431-0420 x1 or email us.
