Oreabetse Matlhare
CEO & Co-Founder at The Scalable CFO
I'm a South African on a mission to make a small but meaningful dent to the Finance profession globally and to learn from and support as many people as I can along the way. Trying to...
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- Financial Management for SMEs: Strategies to enhance financial health
- Financial Modeling Techniques: Creating models for business decisions
- Cash Management Essentials: Best practices for managing cash flow
- Pricing Strategies for Growth: Effective approaches to product pricing
- Valuation Methods for Startups: Assessing business worth and potential.
Meet the mentor
TALK SHOW VIDEOS
Tricky Workplace Situation Handled
- 1. It motivates employees to take ownership 2. It improves the well being of the CEO and consequently the well being of the company. 3. It allows allocation of work to the right experience levels which is more productive and would yield more quality in the world and less time spent by senior management on correcting errors and reviewing. 4. Reduces risk of fraud or missapropriation
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- 1. Have a better framework for upskilling to allow for effective delegation 2. Being clearer on expectations so that there is friction and miscommunication. 3. leaving rooming for error to allow learning.
- 1. Understand key strengths and focus on leveraging those when allocating responsibilities - We use Gallups strengths assessments and DISC assessments to discover strengths, interests and styleof work. 2. Through the above assessment we can also see weaknesses but rather look at them as blindspots to be aware of that can also be potential development areas. 3. Regularly check in to understand what tasks that they have worked that they naturally enjoy and what they find challenging. 4. Support their goals by attempting to align the responsibilities with what they want to achieve.
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- I would start with an exercise of getting to know each other and then matching examples of tasks or responsibilities to the best fit.
- I would share our own experience where we first had to make a decision to operate profitably with cashflow positive rather than relying on investor funds to plug in the shortfall in cash. The first step is to understand whether or not you are profitable not just in terms of profit and loss but also in terms of cash. This means knowing the financial position of your business, what the current spend buckets are accurately and establishing what the business will collect in cash from sales compared to what is spent on a month by month. Once the shortfall is known see if there are ways to extend your runway by negotiating longer payments terms or collecting sales faster and identify the opportunities to cut by analysing your spend buckets.
- They should hold customer interviews to understand the rationale for the score.
- They are typically with ease of use. It helps to know so that the specific issues can be tackled.
- Payments management
- I would explain the process I took to conduct customer interviews on one of our new features so that it's practical. I would recommend was to get the most out of customer interviews by asking the right questions to get quality feedback.
- I would explain the process I took to conduct customer interviews on one of our new features so that it's practical. I would recommend was to get the most out of customer interviews by asking the right questions to get quality feedback.
