Business Leaders Speak This Language -- Do You?

 

Speaking of managing a transformation: Our HR Guru JP Elliott is back again with language skill tips!

Sometimes as a technologist you must wonder what your nontechnologist peers are talking about. After a while it becomes familiar enough, you can make out patterns and themes, but their business language skills are usually superior.

JP has some suggestions, or directions, for you:

Master these metrics and you'll be on the road to speaking their language: 

• Revenue Growth

• Gross Margin

• EBITDA

• Free Cash Flow

Sure, you say, right after I reconfigure this system!

OK maybe but you need a guide. Here are JP's recommendations for learning to speak the language that your executives speak:

𝗛𝗲𝗿𝗲'𝘀 𝘆𝗼𝘂𝗿 𝗿𝗼𝗮𝗱𝗺𝗮𝗽 𝘁𝗼 𝗯𝘂𝗶𝗹𝗱 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗮𝗰𝘂𝗺𝗲𝗻:

𝟭. Find Your Finance Mentor

𝟮. Read Your Company's 10-K (yes, actually read it) 

𝟯. Calculate True Operating Costs 

𝟰. Learn One Metric Monthly 

𝟱. Connect Everything to Business Impact

He closes with this, which is very good advice:

Financial fluency doesn't come from knowing everything. It comes from asking better questions.

We continue to bring you these brief lessons from an HR guru because after all if HR can do it you can too. Right? I mean, can't you?

Ask us how we can help you to transform your leadership language skills.