EOS® for Finance: Developing financial literacy

by Feb 1, 2020Entrepreneurial Operating System, EOS, Finance, Insights

As the finance lead, you are in a unique position help the whole organization with their own financial literacy. I have heard several leaders in the finance seat get feedback to increase their facetime with the organization, so I want to remind you of the unique opportunity you have to help strengthen the DATA component (remember the EOS® Model) and equip the leaders with knowledge to be more data-driven decision makers.

A few ideas:

  1. Facilitate the 8 Cash Flow Drivers tool with a group of leaders. If having a co-facilitator would help, let me know and I would be glad to do it.
  2. Volunteer to come to any L10 to help a team IDS a topic that needs financial input.
  3. Set up a review rhythm of budgets, capital plans, or anything else you drive in the organization (some of you do all the quoting) with the group of leaders that are impacted by your decisions – to review, listen, and help develop and/or tweak the process so it works better.

Here’s the past post that has a couple of other ideas: http://scottpatchin.com/2019/10/eos-for-finance-developing-financial-literacy-in-your-organization/

Contact me if you need more guidance.

Recent & Related

Transitioning Leaders Using EOS™ Tools

When you have a member of your leadership team leave, filling a key seat with a new person can happen one of two ways: smoothly or chaotically. Utilizing the tools provided by EOS can support your efforts to ensure a smooth transition,...

read more

Overcoming the 3 Barriers to Delegation

At the beginning of every EOS journey is Focus Day. It’s a day dedicated to establishing the leadership team, setting rocks, and learning about the five leadership abilities and how you can use them to create breakthrough moments for your...

read more
Defining Resilience with EOS Implementer Nathan Beene

Defining Resilience with EOS Implementer Nathan Beene

In my last blog, I posed a few questions around how we as individuals define resilience, and what it means to us to be resilient. I recently had the opportunity to speak with Nathan Beene, the COO of the Grand Rapids Center for Community Transformation and a fellow...

read more