When identifying CFOs who are successful, you’ll notice that they are:
You’ll also notice that CFOs have another key ingredient for success: Confidence.
Where does CFO Confidence come from?
Experience: Having been through situations before that were tough, that looked difficult to get through and having the fortitude to make it work is the hallmark of an experienced CFO. When the going gets tough, if your CFO believes in the abilities of him or herself and her or his team, the chances for success are greatly increased.
Do you need confidence to become a CFO?
I speak with many people who are on the Road to CFO. A CFO is not born; they are groomed – by themselves together with mentors and coaches. When I speak with someone who wants to become a CFO, within 15 minutes I can tell if they have what it takes. One of the secrets is that they have the confidence in their abilities without sounding like they are full of baloney.
Can confidence be learned?
Yes, it can. But confidence building needs to come early in a career. It needs to come from a combination of coaching and mentoring, building on innate personal abilities. It is difficult for a professional working for 20 years to start finding the confidence in their abilities. Not everyone has the confidence necessary to become a CFO. Nor should every finance professional become a CFO. (Which is another blog topic altogether).
Can you be a successful CFO without confidence?
I haven’t seen one yet. Have you?
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