Being a successful CFO in today’s business environment requires a continuous routine of evaluation and action followed by re-evaluation, adjustments and more action. This continuous routine is one of the most important keys to being successful. I like to compare it to bathing – You need to do it on a regular basis or you’re going to stink. Let’s take a look at seven things successful CFOs do to help them come out smelling like roses.
For years, employee benefit plan audits were considered “busy work” for the summer by many audit firms. Over the last decade and a half, however, they have become recognized as complex audits. There are a great deal of rules to the Employee Retirement Income Security Act of 1974 (ERISA). Failure to comply with these regulations could result in fines, penalties or even loss of qualified status.
Networking is the lifeblood of your business and your career. No matter what level you are at, the value of a well-developed and maintained network is priceless. However, most of us don’t engage in enough regular networking. Instead, we wait until we need something and then frantically search for ways to connect with those who can help us. But the best time to invest in building your network is when things are going well. That way when you really need the power of your network, it will be ready and waiting.