Most companies traditionally live by annual planning, collecting the budget in the fall for the next year. This is usually difficult and painful for all participants in the process – the financial department, heads of business areas and their deputies, the board of directors and even shareholders. Why it happens? In the traditional budget cycle, […]
Preparation for annual planning Read More »
Among main questions of aspired entrepreneurs heading for venture capital is about dilution of own share they should agree to in the preseed round, then seed round, and how much in the future it can be, which investor’s requirements are normal and fair, and which are not. Also, one of the first tasks for a
Dilution in startups Read More »
In the process of studying the report on global migration (World Migration Report 2024 – added to the channel chat), I thought that I did not know a normal international fintech service for migrant workers. But this is a market volume of hundreds of billions of dollars per year in international transfers (anchor product for
Fintech for migrants Read More »
OFFICE ORGANIZATION BY 5S If an employee’s desk is always a mess, is it possible to delegate operational decision-making to him within the framework of modern flexible, participatory management? The key to a long-term successful business is organizing an effective working environment and controlling risks at the level of each employee. If there is no
Office organization by 5S Read More »
Oleg Paralyush, the author of the “Heart of Talent” channel, with whom we have known each other since 2019 – he then conducted a session with me on leadership – describes an interesting concept for focusing and goal setting. This is an analogue of the SMART method, but more adventurous, or entrepreneurial – whichever is
As we’ve already discussed, formulating OKRs (Objectives and Key Results) is a powerful tool for achieving company goals, but there are common mistakes that can reduce its effectiveness. I will describe the key pitfalls that should be avoided when developing OKRs. For some readers who have long implemented and used OKRs, this may be obvious,
Mistakes when setting business OKRs Read More »
I have published an article on vc.ru about useful methods and tools long integrated into the processes of large, often international, companies. These practices are equally effective for teams and businesses of almost any size. Moreover, these tools can be implemented for free or for a small subscription fee. The key is the desire and
Frameworks of Corporations for Everyone Read More »
I published an article on team PnLs and the distribution of responsibility for business outcomes among team leaders — not only for commercial but also for the company’s service departments. In my book “The Role of CFO”, which English edition is being prepared now, I devote a key place to motivation and goal-setting. In this
At the end of the year, analysts of all leading banks, funds and brokers issue a forecast for the next year. Let’s see what the new year 2024 has in store for us. AI application In technology, virtually everyone has a consensus view on the prevailing influence and continued explosive development of artificial intelligence in
As long-time readers of my blog already know, I believe that in any activity, one must start by defining the ultimate goal or goals. Determine what things are being done for. Not why it is being done, but why it is being done. In the CFO’s activities, I would identify several main tasks-directions of “why”:
