{"id":83152,"date":"2021-04-23t12:00:32","date_gmt":"2021-04-23t16:00:32","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=83152"},"modified":"2021-06-01t06:55:58","modified_gmt":"2021-06-01t10:55:58","slug":"ceos-dont-always-know-numbers","status":"publish","type":"post","link":"\/\/www.g005e.com\/2021\/04\/23\/ceos-dont-always-know-numbers\/","title":{"rendered":"ceos don\u2019t always know numbers"},"content":{"rendered":"

\"numbers<\/a>it\u2019s worth your time to ask about what they do know.
\n<\/strong><\/p>\n

by ed mendlowitz<\/i>
\ncall me before you do anything: the art of accounting<\/i><\/a><\/p>\n

one time i had a client who became his company\u2019s ceo. this was a public company and i knew him as well as i could know someone whose tax returns i prepared and met with two or three times a year and spoke to over the phone another two or three times a year.<\/p>\n

more:<\/b> wealth is a state of mind<\/a>\u00a0| one hour a year since 1972<\/a> | 50 ways to make more money in busy season<\/a> | 20 good ways to boost tax season production<\/a> | why annual staff evaluations fall short<\/a>
\n\"goprocpa.com\"exclusively for pro members. <\/span><\/strong>log in here<\/a> or 2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n

at one meeting i asked him how he spent his days and how he managed the transition to ceo.
\n
\nhe had a ph.d. in chemistry. his career took him from technical product development and manufacturing to marketing for his nyse-listed chemical products company. he described a typical day (i could write a book about that).<\/p>\n

the real shock for him was the amount of time and attention he needed to spend on financial data. he estimated it was about a third of his time. he said he knew virtually nothing except his own narrow budgets.<\/p>\n

for the first few months after becoming ceo he spent about an hour and a half every evening with his cfo learning about the financial reports he needed to understand and how to master them. these meetings seemed like a mini mba program and only eased when he started to feel confident enough to ask questions and not feel embarrassed.<\/p>\n

i know the importance of financial data and the power of informed uses, but to hear this from a nonfinancial person was very enlightening and gratifying. i also learned the benefits of understanding what clients do in their jobs, and now i almost always ask them.<\/p>\n","protected":false},"excerpt":{"rendered":"

it\u2019s worth your time to ask about what they do know.<\/strong>
\nby ed mendlowitz<\/em>
\ncall me before you do anything: the art of accounting<\/a><\/em><\/p>\n","protected":false},"author":1341,"featured_media":70489,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[1905,1363,3120,3002],"tags":[],"class_list":["post-83152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-clients-and-service","category-featured","category-pro-member-exclusive","category-special"],"acf":[],"yoast_head":"\nceos don\u2019t always know numbers - 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