{"version":"1.0.0","segments":[{"speaker":"Stephen McLain","startTime":0.24,"endTime":2.16,"body":"Hi, this is"},{"speaker":"Stephen McLain","startTime":0.24,"endTime":2.16,"body":"Steven McLean are the finance"},{"speaker":"Stephen McLain","startTime":2.16,"endTime":7.44,"body":"leader podcast. This is bonus"},{"speaker":"Stephen McLain","startTime":2.16,"endTime":7.44,"body":"episode number 36 Season 10. The"},{"speaker":"Stephen McLain","startTime":7.44,"endTime":11.58,"body":"finance leader podcast will"},{"speaker":"Stephen McLain","startTime":7.44,"endTime":11.58,"body":"debut on April 12. With a full"},{"speaker":"Stephen McLain","startTime":11.58,"endTime":15.39,"body":"10 episode season ready to grow"},{"speaker":"Stephen McLain","startTime":11.58,"endTime":15.39,"body":"finance and accounting leaders."},{"speaker":"Stephen McLain","startTime":15.78,"endTime":18.78,"body":"I believe that no matter your"},{"speaker":"Stephen McLain","startTime":15.78,"endTime":18.78,"body":"role, you can be a leader in"},{"speaker":"Stephen McLain","startTime":18.78,"endTime":22.08,"body":"your organization. So I share"},{"speaker":"Stephen McLain","startTime":18.78,"endTime":22.08,"body":"the tools for you to be one."},{"speaker":"Stephen McLain","startTime":22.38,"endTime":25.53,"body":"Additionally, I believe that you"},{"speaker":"Stephen McLain","startTime":22.38,"endTime":25.53,"body":"can use leadership to be a"},{"speaker":"Stephen McLain","startTime":25.53,"endTime":30.3,"body":"positive influence in everything"},{"speaker":"Stephen McLain","startTime":25.53,"endTime":30.3,"body":"you do. Also in the podcast, I"},{"speaker":"Stephen McLain","startTime":30.3,"endTime":34.02,"body":"encourage you to advance your"},{"speaker":"Stephen McLain","startTime":30.3,"endTime":34.02,"body":"career by having a realistic"},{"speaker":"Stephen McLain","startTime":34.02,"endTime":38.37,"body":"written plan, a growth mindset"},{"speaker":"Stephen McLain","startTime":34.02,"endTime":38.37,"body":"and by taking action to own your"},{"speaker":"Stephen McLain","startTime":38.37,"endTime":42.06,"body":"career. This week, I am sharing"},{"speaker":"Stephen McLain","startTime":38.37,"endTime":42.06,"body":"a replay from season eight,"},{"speaker":"Stephen McLain","startTime":42.33,"endTime":47.43,"body":"which is episode 64. The CFO"},{"speaker":"Stephen McLain","startTime":42.33,"endTime":47.43,"body":"mindset many of you have"},{"speaker":"Stephen McLain","startTime":47.43,"endTime":51.6,"body":"achieving CFO is your long term"},{"speaker":"Stephen McLain","startTime":47.43,"endTime":51.6,"body":"goal, and even the next step"},{"speaker":"Stephen McLain","startTime":51.75,"endTime":56.43,"body":"becoming CEO. This episode"},{"speaker":"Stephen McLain","startTime":51.75,"endTime":56.43,"body":"kicked off my CFO series from"},{"speaker":"Stephen McLain","startTime":56.43,"endTime":59.61,"body":"last fall. If you have not"},{"speaker":"Stephen McLain","startTime":56.43,"endTime":59.61,"body":"listened to those episodes,"},{"speaker":"Stephen McLain","startTime":59.88,"endTime":62.91,"body":"please go back and listen to"},{"speaker":"Stephen McLain","startTime":59.88,"endTime":62.91,"body":"season eight. You won't be"},{"speaker":"Stephen McLain","startTime":62.91,"endTime":66.39,"body":"disappointed if this podcast has"},{"speaker":"Stephen McLain","startTime":62.91,"endTime":66.39,"body":"helped you. Please leave a"},{"speaker":"Stephen McLain","startTime":66.39,"endTime":69.54,"body":"review so we can spread the word"},{"speaker":"Stephen McLain","startTime":66.39,"endTime":69.54,"body":"and also please share the"},{"speaker":"Stephen McLain","startTime":69.54,"endTime":73.11,"body":"podcast with any co workers and"},{"speaker":"Stephen McLain","startTime":69.54,"endTime":73.11,"body":"friends who may be able to"},{"speaker":"Stephen McLain","startTime":73.11,"endTime":79.32,"body":"benefit. Thank you. Please enjoy"},{"speaker":"Stephen McLain","startTime":73.11,"endTime":79.32,"body":"this encore episode, Episode 64."},{"speaker":"Stephen McLain","startTime":79.35,"endTime":81.81,"body":"The CFO mindset, thank you."},{"speaker":"Stephen McLain","startTime":87.48,"endTime":90.27,"body":"Mindset is everything. It"},{"speaker":"Stephen McLain","startTime":87.48,"endTime":90.27,"body":"determines how we view"},{"speaker":"Stephen McLain","startTime":90.27,"endTime":94.02,"body":"ourselves, and how we view"},{"speaker":"Stephen McLain","startTime":90.27,"endTime":94.02,"body":"ourselves in the world. How we"},{"speaker":"Stephen McLain","startTime":94.02,"endTime":97.89,"body":"see ourselves determines how we"},{"speaker":"Stephen McLain","startTime":94.02,"endTime":97.89,"body":"face adversity, and how we"},{"speaker":"Stephen McLain","startTime":97.89,"endTime":99.06,"body":"achieve our goals."},{"speaker":"Stephen McLain","startTime":101.91,"endTime":105.06,"body":"The role of chief financial"},{"speaker":"Stephen McLain","startTime":101.91,"endTime":105.06,"body":"officer requires a different"},{"speaker":"Stephen McLain","startTime":105.06,"endTime":109.32,"body":"mindset, a different worldview,"},{"speaker":"Stephen McLain","startTime":105.06,"endTime":109.32,"body":"and a different perspective that"},{"speaker":"Stephen McLain","startTime":109.32,"endTime":113.55,"body":"helps you see the organization"},{"speaker":"Stephen McLain","startTime":109.32,"endTime":113.55,"body":"differently. The CFO must be"},{"speaker":"Stephen McLain","startTime":113.55,"endTime":117.75,"body":"forward thinking and must never"},{"speaker":"Stephen McLain","startTime":113.55,"endTime":117.75,"body":"quit. Always looking where to go"},{"speaker":"Stephen McLain","startTime":117.75,"endTime":121.68,"body":"the business, execute the"},{"speaker":"Stephen McLain","startTime":117.75,"endTime":121.68,"body":"strategy and get people excited"},{"speaker":"Stephen McLain","startTime":121.71,"endTime":125.76,"body":"about the brand. All while"},{"speaker":"Stephen McLain","startTime":121.71,"endTime":125.76,"body":"treating people with respect and"},{"speaker":"Stephen McLain","startTime":125.76,"endTime":129.63,"body":"dignity. Please enjoy the"},{"speaker":"Stephen McLain","startTime":125.76,"endTime":129.63,"body":"episode. Welcome to the finance"},{"speaker":"Stephen McLain","startTime":129.63,"endTime":133.2,"body":"leader podcast where leadership"},{"speaker":"Stephen McLain","startTime":129.63,"endTime":133.2,"body":"is bigger than the numbers. I am"},{"speaker":"Stephen McLain","startTime":133.2,"endTime":136.8,"body":"your host Stephen McLain. This"},{"speaker":"Stephen McLain","startTime":133.2,"endTime":136.8,"body":"is the podcast for developing"},{"speaker":"Stephen McLain","startTime":136.8,"endTime":140.4,"body":"leaders in finance and"},{"speaker":"Stephen McLain","startTime":136.8,"endTime":140.4,"body":"accounting. This is episode"},{"speaker":"Stephen McLain","startTime":140.4,"endTime":145.26,"body":"number 64. And I'll be talking"},{"speaker":"Stephen McLain","startTime":140.4,"endTime":145.26,"body":"about the CFO mindset. Plus,"},{"speaker":"Stephen McLain","startTime":145.53,"endTime":148.62,"body":"I'll briefly discuss the"},{"speaker":"Stephen McLain","startTime":145.53,"endTime":148.62,"body":"qualities of a C suite level"},{"speaker":"Stephen McLain","startTime":148.62,"endTime":152.28,"body":"executive. And I will highlight"},{"speaker":"Stephen McLain","startTime":148.62,"endTime":152.28,"body":"the following topics number one,"},{"speaker":"Stephen McLain","startTime":152.61,"endTime":157.11,"body":"the qualities of a successful C"},{"speaker":"Stephen McLain","startTime":152.61,"endTime":157.11,"body":"suite executive. Number two, you"},{"speaker":"Stephen McLain","startTime":157.11,"endTime":161.94,"body":"must pivot your skillset,"},{"speaker":"Stephen McLain","startTime":157.11,"endTime":161.94,"body":"mindset and perspective. Number"},{"speaker":"Stephen McLain","startTime":161.94,"endTime":167.1,"body":"three, embrace change and"},{"speaker":"Stephen McLain","startTime":161.94,"endTime":167.1,"body":"embrace adversity. Number four,"},{"speaker":"Stephen McLain","startTime":167.37,"endTime":170.61,"body":"you must set the right example"},{"speaker":"Stephen McLain","startTime":167.37,"endTime":170.61,"body":"every day to establish a high"},{"speaker":"Stephen McLain","startTime":170.61,"endTime":175.02,"body":"standard. And number five, you"},{"speaker":"Stephen McLain","startTime":170.61,"endTime":175.02,"body":"must own your career and your"},{"speaker":"Stephen McLain","startTime":175.02,"endTime":179.4,"body":"goal accomplishment process."},{"speaker":"Stephen McLain","startTime":175.02,"endTime":179.4,"body":"author Robert Collier said,"},{"speaker":"Stephen McLain","startTime":179.82,"endTime":184.98,"body":"Success is the sum of small"},{"speaker":"Stephen McLain","startTime":179.82,"endTime":184.98,"body":"efforts repeated day in and day"},{"speaker":"Stephen McLain","startTime":184.98,"endTime":188.94,"body":"out. This is the debut of season"},{"speaker":"Stephen McLain","startTime":184.98,"endTime":188.94,"body":"eight and will be all about the"},{"speaker":"Stephen McLain","startTime":188.94,"endTime":192.51,"body":"role of chief financial officer"},{"speaker":"Stephen McLain","startTime":188.94,"endTime":192.51,"body":"we are going to explore this"},{"speaker":"Stephen McLain","startTime":192.51,"endTime":196.47,"body":"role over seven episodes,"},{"speaker":"Stephen McLain","startTime":192.51,"endTime":196.47,"body":"covering mindset how senior"},{"speaker":"Stephen McLain","startTime":196.47,"endTime":201.3,"body":"executives work with each other,"},{"speaker":"Stephen McLain","startTime":196.47,"endTime":201.3,"body":"the CFO skill set, how CFOs add"},{"speaker":"Stephen McLain","startTime":201.3,"endTime":205.74,"body":"value, strategic business and"},{"speaker":"Stephen McLain","startTime":201.3,"endTime":205.74,"body":"financial planning, technology"},{"speaker":"Stephen McLain","startTime":205.74,"endTime":210.27,"body":"considerations and I'll wrap up"},{"speaker":"Stephen McLain","startTime":205.74,"endTime":210.27,"body":"the season with the CFO pathway"},{"speaker":"Stephen McLain","startTime":210.3,"endTime":214.41,"body":"plus the hiring and selection"},{"speaker":"Stephen McLain","startTime":210.3,"endTime":214.41,"body":"process. Now with CFO being your"},{"speaker":"Stephen McLain","startTime":214.41,"endTime":218.55,"body":"long term goal, there's planning"},{"speaker":"Stephen McLain","startTime":214.41,"endTime":218.55,"body":"you need to do now. So you have"},{"speaker":"Stephen McLain","startTime":218.55,"endTime":223.44,"body":"the necessary skills, mindset"},{"speaker":"Stephen McLain","startTime":218.55,"endTime":223.44,"body":"and experience because companies"},{"speaker":"Stephen McLain","startTime":223.71,"endTime":227.37,"body":"are highly selective for this"},{"speaker":"Stephen McLain","startTime":223.71,"endTime":227.37,"body":"role. It's a long process to be"},{"speaker":"Stephen McLain","startTime":227.37,"endTime":231.63,"body":"hired as a CFO normally, they"},{"speaker":"Stephen McLain","startTime":227.37,"endTime":231.63,"body":"will examine how you think"},{"speaker":"Stephen McLain","startTime":231.66,"endTime":235.47,"body":"they'll examine your mindset,"},{"speaker":"Stephen McLain","startTime":231.66,"endTime":235.47,"body":"how well you work with others,"},{"speaker":"Stephen McLain","startTime":235.5,"endTime":238.68,"body":"your experience, your"},{"speaker":"Stephen McLain","startTime":235.5,"endTime":238.68,"body":"credentials, your understanding"},{"speaker":"Stephen McLain","startTime":238.68,"endTime":242.37,"body":"of business concepts, beyond"},{"speaker":"Stephen McLain","startTime":238.68,"endTime":242.37,"body":"finance, and accounting, and"},{"speaker":"Stephen McLain","startTime":242.37,"endTime":246.24,"body":"many other topics. And you need"},{"speaker":"Stephen McLain","startTime":242.37,"endTime":246.24,"body":"to be ready. You need to prepare"},{"speaker":"Stephen McLain","startTime":246.24,"endTime":250.35,"body":"now and have a plan where you"},{"speaker":"Stephen McLain","startTime":246.24,"endTime":250.35,"body":"are and where you need to grow."},{"speaker":"Stephen McLain","startTime":250.53,"endTime":253.8,"body":"Imagine now you're a CFO, and"},{"speaker":"Stephen McLain","startTime":250.53,"endTime":253.8,"body":"you have to deal with a variety"},{"speaker":"Stephen McLain","startTime":253.8,"endTime":258.27,"body":"of situations that challenge"},{"speaker":"Stephen McLain","startTime":253.8,"endTime":258.27,"body":"your time and energy, for"},{"speaker":"Stephen McLain","startTime":258.27,"endTime":261.87,"body":"example, like hedge fund"},{"speaker":"Stephen McLain","startTime":258.27,"endTime":261.87,"body":"managers, or bank analysts"},{"speaker":"Stephen McLain","startTime":261.87,"endTime":265.29,"body":"calling you if your company is"},{"speaker":"Stephen McLain","startTime":261.87,"endTime":265.29,"body":"publicly traded, trying to"},{"speaker":"Stephen McLain","startTime":265.29,"endTime":268.89,"body":"convince you into revealing"},{"speaker":"Stephen McLain","startTime":265.29,"endTime":268.89,"body":"information before the public"},{"speaker":"Stephen McLain","startTime":268.89,"endTime":273.39,"body":"knows also, what do you do when"},{"speaker":"Stephen McLain","startTime":268.89,"endTime":273.39,"body":"a major supplier of yours can't"},{"speaker":"Stephen McLain","startTime":273.39,"endTime":277.86,"body":"ship a key component of your"},{"speaker":"Stephen McLain","startTime":273.39,"endTime":277.86,"body":"cash cow product? And that"},{"speaker":"Stephen McLain","startTime":277.86,"endTime":281.49,"body":"threatens the company's ability"},{"speaker":"Stephen McLain","startTime":277.86,"endTime":281.49,"body":"to meet growth expectations."},{"speaker":"Stephen McLain","startTime":281.97,"endTime":285.66,"body":"Another example what is your"},{"speaker":"Stephen McLain","startTime":281.97,"endTime":285.66,"body":"process for finding additional"},{"speaker":"Stephen McLain","startTime":285.66,"endTime":289.17,"body":"lines of revenue and trying to"},{"speaker":"Stephen McLain","startTime":285.66,"endTime":289.17,"body":"recommend which is best for the"},{"speaker":"Stephen McLain","startTime":289.17,"endTime":293.1,"body":"company to develop? And this is"},{"speaker":"Stephen McLain","startTime":289.17,"endTime":293.1,"body":"happening while a new competitor"},{"speaker":"Stephen McLain","startTime":293.1,"endTime":296.46,"body":"has entered the market where"},{"speaker":"Stephen McLain","startTime":293.1,"endTime":296.46,"body":"your cash cow product has"},{"speaker":"Stephen McLain","startTime":296.46,"endTime":300.48,"body":"dominated for many years. What"},{"speaker":"Stephen McLain","startTime":296.46,"endTime":300.48,"body":"are your actions? What guys Do"},{"speaker":"Stephen McLain","startTime":300.48,"endTime":303.6,"body":"you give your team? And what do"},{"speaker":"Stephen McLain","startTime":300.48,"endTime":303.6,"body":"you recommend to the other"},{"speaker":"Stephen McLain","startTime":303.6,"endTime":307.56,"body":"senior executives, you partner"},{"speaker":"Stephen McLain","startTime":303.6,"endTime":307.56,"body":"with just a few examples of"},{"speaker":"Stephen McLain","startTime":307.56,"endTime":311.1,"body":"adversity and challenges you"},{"speaker":"Stephen McLain","startTime":307.56,"endTime":311.1,"body":"will be facing. I want to help"},{"speaker":"Stephen McLain","startTime":311.1,"endTime":314.55,"body":"you achieve CFO and I want you"},{"speaker":"Stephen McLain","startTime":311.1,"endTime":314.55,"body":"to be ready for it ready to"},{"speaker":"Stephen McLain","startTime":314.55,"endTime":317.85,"body":"overcome challenges and"},{"speaker":"Stephen McLain","startTime":314.55,"endTime":317.85,"body":"adversity, that will definitely"},{"speaker":"Stephen McLain","startTime":317.85,"endTime":321.78,"body":"come your way, ready to grow"},{"speaker":"Stephen McLain","startTime":317.85,"endTime":321.78,"body":"your team so they can perform at"},{"speaker":"Stephen McLain","startTime":321.78,"endTime":326.22,"body":"a high level, to also help you"},{"speaker":"Stephen McLain","startTime":321.78,"endTime":326.22,"body":"be forward thinking and consult"},{"speaker":"Stephen McLain","startTime":326.22,"endTime":329.49,"body":"problems. We will continue to"},{"speaker":"Stephen McLain","startTime":326.22,"endTime":329.49,"body":"build our foundation throughout"},{"speaker":"Stephen McLain","startTime":329.49,"endTime":332.91,"body":"the season, I will be bringing"},{"speaker":"Stephen McLain","startTime":329.49,"endTime":332.91,"body":"in concepts a few times."},{"speaker":"Stephen McLain","startTime":333.24,"endTime":336.78,"body":"Throughout all the episodes it's"},{"speaker":"Stephen McLain","startTime":333.24,"endTime":336.78,"body":"important to get this right,"},{"speaker":"Stephen McLain","startTime":337.14,"endTime":341.64,"body":"because this is where you are"},{"speaker":"Stephen McLain","startTime":337.14,"endTime":341.64,"body":"going to CFO and even CEO. Now"},{"speaker":"Stephen McLain","startTime":341.64,"endTime":345.39,"body":"here's a quick intro to what a"},{"speaker":"Stephen McLain","startTime":341.64,"endTime":345.39,"body":"CFO is usually responsible for"},{"speaker":"Stephen McLain","startTime":345.42,"endTime":349.17,"body":"just as a quick review, I know"},{"speaker":"Stephen McLain","startTime":345.42,"endTime":349.17,"body":"that you know what a CFO does."},{"speaker":"Stephen McLain","startTime":349.59,"endTime":353.46,"body":"But just as a review, let's just"},{"speaker":"Stephen McLain","startTime":349.59,"endTime":353.46,"body":"go over a few things. The CFO is"},{"speaker":"Stephen McLain","startTime":353.46,"endTime":357.15,"body":"responsible for accurate"},{"speaker":"Stephen McLain","startTime":353.46,"endTime":357.15,"body":"financial reporting, compliance"},{"speaker":"Stephen McLain","startTime":357.18,"endTime":360.9,"body":"and proper record keeping,"},{"speaker":"Stephen McLain","startTime":357.18,"endTime":360.9,"body":"helping to optimize operational"},{"speaker":"Stephen McLain","startTime":360.9,"endTime":365.4,"body":"decisions for better financial"},{"speaker":"Stephen McLain","startTime":360.9,"endTime":365.4,"body":"performance, analyzing risk in"},{"speaker":"Stephen McLain","startTime":365.4,"endTime":368.55,"body":"association with financial"},{"speaker":"Stephen McLain","startTime":365.4,"endTime":368.55,"body":"decisions, and safeguarding"},{"speaker":"Stephen McLain","startTime":368.55,"endTime":372.48,"body":"resources, and also holding"},{"speaker":"Stephen McLain","startTime":368.55,"endTime":372.48,"body":"leaders accountable for"},{"speaker":"Stephen McLain","startTime":372.48,"endTime":375.09,"body":"performance targets along with"},{"speaker":"Stephen McLain","startTime":372.48,"endTime":375.09,"body":"many more other"},{"speaker":"Stephen McLain","startTime":375.09,"endTime":379.41,"body":"responsibilities. The CFO must"},{"speaker":"Stephen McLain","startTime":375.09,"endTime":379.41,"body":"be forward looking especially"},{"speaker":"Stephen McLain","startTime":379.41,"endTime":382.83,"body":"how the company will be"},{"speaker":"Stephen McLain","startTime":379.41,"endTime":382.83,"body":"positioned against competitors,"},{"speaker":"Stephen McLain","startTime":383.16,"endTime":386.91,"body":"three to five years from now."},{"speaker":"Stephen McLain","startTime":383.16,"endTime":386.91,"body":"The CFO typically leads a"},{"speaker":"Stephen McLain","startTime":386.91,"endTime":389.91,"body":"variety of teams that include"},{"speaker":"Stephen McLain","startTime":386.91,"endTime":389.91,"body":"the following number one"},{"speaker":"Stephen McLain","startTime":389.91,"endTime":393.51,"body":"treasury and they cover the cash"},{"speaker":"Stephen McLain","startTime":389.91,"endTime":393.51,"body":"management and looking at cash"},{"speaker":"Stephen McLain","startTime":393.51,"endTime":397.08,"body":"flow every day. This area is"},{"speaker":"Stephen McLain","startTime":393.51,"endTime":397.08,"body":"critical. If your cash flow is"},{"speaker":"Stephen McLain","startTime":397.08,"endTime":400.26,"body":"tight every month number to the"},{"speaker":"Stephen McLain","startTime":397.08,"endTime":400.26,"body":"accounting team led by the"},{"speaker":"Stephen McLain","startTime":400.26,"endTime":402.75,"body":"comptroller ensuring all"},{"speaker":"Stephen McLain","startTime":400.26,"endTime":402.75,"body":"transactions are correctly"},{"speaker":"Stephen McLain","startTime":402.75,"endTime":406.65,"body":"applied to the proper accounts"},{"speaker":"Stephen McLain","startTime":402.75,"endTime":406.65,"body":"following generally accepted"},{"speaker":"Stephen McLain","startTime":406.65,"endTime":410.07,"body":"accounting principles, and all"},{"speaker":"Stephen McLain","startTime":406.65,"endTime":410.07,"body":"legal requirements along with"},{"speaker":"Stephen McLain","startTime":410.07,"endTime":412.98,"body":"publishing monthly or quarterly"},{"speaker":"Stephen McLain","startTime":410.07,"endTime":412.98,"body":"financial statements. The"},{"speaker":"Stephen McLain","startTime":412.98,"endTime":415.8,"body":"financial planning and analysis"},{"speaker":"Stephen McLain","startTime":412.98,"endTime":415.8,"body":"team who are analyzing key"},{"speaker":"Stephen McLain","startTime":415.8,"endTime":419.61,"body":"performance metrics, performing"},{"speaker":"Stephen McLain","startTime":415.8,"endTime":419.61,"body":"projections, developing the"},{"speaker":"Stephen McLain","startTime":419.61,"endTime":423.33,"body":"budget and calculating returns"},{"speaker":"Stephen McLain","startTime":419.61,"endTime":423.33,"body":"on investment plus many other"},{"speaker":"Stephen McLain","startTime":423.33,"endTime":427.2,"body":"types of analysis around"},{"speaker":"Stephen McLain","startTime":423.33,"endTime":427.2,"body":"performance, often helping other"},{"speaker":"Stephen McLain","startTime":427.2,"endTime":431.22,"body":"departments understand their"},{"speaker":"Stephen McLain","startTime":427.2,"endTime":431.22,"body":"deliverables in financial terms."},{"speaker":"Stephen McLain","startTime":431.34,"endTime":434.19,"body":"And often the Information"},{"speaker":"Stephen McLain","startTime":431.34,"endTime":434.19,"body":"Technology and Information"},{"speaker":"Stephen McLain","startTime":434.19,"endTime":438.24,"body":"Services team falls under the"},{"speaker":"Stephen McLain","startTime":434.19,"endTime":438.24,"body":"CFO, which in my opinion is a"},{"speaker":"Stephen McLain","startTime":438.24,"endTime":441.75,"body":"legacy idea. This is really for"},{"speaker":"Stephen McLain","startTime":438.24,"endTime":441.75,"body":"another episode, and we'll"},{"speaker":"Stephen McLain","startTime":441.75,"endTime":446.25,"body":"discuss later, but every company"},{"speaker":"Stephen McLain","startTime":441.75,"endTime":446.25,"body":"in the 21st century must"},{"speaker":"Stephen McLain","startTime":446.25,"endTime":450.54,"body":"consider themselves to be a tech"},{"speaker":"Stephen McLain","startTime":446.25,"endTime":450.54,"body":"company. No matter what industry"},{"speaker":"Stephen McLain","startTime":450.57,"endTime":454.14,"body":"they are in, the Information"},{"speaker":"Stephen McLain","startTime":450.57,"endTime":454.14,"body":"Systems officer must have its"},{"speaker":"Stephen McLain","startTime":454.14,"endTime":457.98,"body":"own seat at the table. Again, we"},{"speaker":"Stephen McLain","startTime":454.14,"endTime":457.98,"body":"will talk about this at another"},{"speaker":"Stephen McLain","startTime":457.98,"endTime":461.73,"body":"time. And I'm sure it's going to"},{"speaker":"Stephen McLain","startTime":457.98,"endTime":461.73,"body":"be a controversial topic. We"},{"speaker":"Stephen McLain","startTime":461.73,"endTime":465.15,"body":"will cover specifically in a"},{"speaker":"Stephen McLain","startTime":461.73,"endTime":465.15,"body":"future episode, the skill set"},{"speaker":"Stephen McLain","startTime":465.15,"endTime":468.99,"body":"you will need to develop for CFO"},{"speaker":"Stephen McLain","startTime":465.15,"endTime":468.99,"body":"but right now we need to realize"},{"speaker":"Stephen McLain","startTime":469.02,"endTime":472.68,"body":"that you still have much work to"},{"speaker":"Stephen McLain","startTime":469.02,"endTime":472.68,"body":"do on developing your potential"},{"speaker":"Stephen McLain","startTime":472.68,"endTime":476.76,"body":"for CFO. And what determines"},{"speaker":"Stephen McLain","startTime":472.68,"endTime":476.76,"body":"that is a different combination"},{"speaker":"Stephen McLain","startTime":476.76,"endTime":480.9,"body":"of technical and soft skills,"},{"speaker":"Stephen McLain","startTime":476.76,"endTime":480.9,"body":"and how you deal with adversity"},{"speaker":"Stephen McLain","startTime":480.96,"endTime":485.73,"body":"a crisis and also change can you"},{"speaker":"Stephen McLain","startTime":480.96,"endTime":485.73,"body":"lead in a crisis? Can you lead"},{"speaker":"Stephen McLain","startTime":485.73,"endTime":489.78,"body":"in a changing environment like a"},{"speaker":"Stephen McLain","startTime":485.73,"endTime":489.78,"body":"changing economy, at changing"},{"speaker":"Stephen McLain","startTime":489.78,"endTime":493.92,"body":"your customers needs and tastes?"},{"speaker":"Stephen McLain","startTime":489.78,"endTime":493.92,"body":"Or a new competitor cuts into"},{"speaker":"Stephen McLain","startTime":493.92,"endTime":497.91,"body":"your market? The CFO must be"},{"speaker":"Stephen McLain","startTime":493.92,"endTime":497.91,"body":"future looking more than ever?"},{"speaker":"Stephen McLain","startTime":498.21,"endTime":501.66,"body":"How can you add value and ensure"},{"speaker":"Stephen McLain","startTime":498.21,"endTime":501.66,"body":"the organization is on the right"},{"speaker":"Stephen McLain","startTime":501.66,"endTime":505.41,"body":"track? What combination of hard"},{"speaker":"Stephen McLain","startTime":501.66,"endTime":505.41,"body":"and soft skills will you need?"},{"speaker":"Stephen McLain","startTime":505.44,"endTime":508.68,"body":"It's different than what you're"},{"speaker":"Stephen McLain","startTime":505.44,"endTime":508.68,"body":"doing today. As you manage a"},{"speaker":"Stephen McLain","startTime":508.68,"endTime":512.76,"body":"team, you must transition from"},{"speaker":"Stephen McLain","startTime":508.68,"endTime":512.76,"body":"your current skills, mindset and"},{"speaker":"Stephen McLain","startTime":512.76,"endTime":515.88,"body":"perspective, you will need to"},{"speaker":"Stephen McLain","startTime":512.76,"endTime":515.88,"body":"change how you view the world"},{"speaker":"Stephen McLain","startTime":515.88,"endTime":519.15,"body":"and what skills you will need."},{"speaker":"Stephen McLain","startTime":515.88,"endTime":519.15,"body":"What Got You Here Won't be the"},{"speaker":"Stephen McLain","startTime":519.15,"endTime":523.62,"body":"deciding factor in your rise to"},{"speaker":"Stephen McLain","startTime":519.15,"endTime":523.62,"body":"CFO the very skills that defines"},{"speaker":"Stephen McLain","startTime":523.62,"endTime":527.16,"body":"your promotion to Team Manager"},{"speaker":"Stephen McLain","startTime":523.62,"endTime":527.16,"body":"will not be what an executive"},{"speaker":"Stephen McLain","startTime":527.16,"endTime":531.03,"body":"hiring committee will be looking"},{"speaker":"Stephen McLain","startTime":527.16,"endTime":531.03,"body":"for. When it is time to go to"},{"speaker":"Stephen McLain","startTime":531.03,"endTime":534.21,"body":"that level. The quicker you"},{"speaker":"Stephen McLain","startTime":531.03,"endTime":534.21,"body":"understand that concept. The"},{"speaker":"Stephen McLain","startTime":534.21,"endTime":537.15,"body":"more time you have to"},{"speaker":"Stephen McLain","startTime":534.21,"endTime":537.15,"body":"transition, your perspective,"},{"speaker":"Stephen McLain","startTime":537.39,"endTime":540.9,"body":"your mindset, and also your"},{"speaker":"Stephen McLain","startTime":537.39,"endTime":540.9,"body":"skills. Now let's talk about a"},{"speaker":"Stephen McLain","startTime":540.9,"endTime":544.47,"body":"few key points about the CFO,"},{"speaker":"Stephen McLain","startTime":540.9,"endTime":544.47,"body":"mindset and qualities of a C"},{"speaker":"Stephen McLain","startTime":544.47,"endTime":549.0,"body":"suite executive. So we set the"},{"speaker":"Stephen McLain","startTime":544.47,"endTime":549.0,"body":"tone over the CFO series a"},{"speaker":"Stephen McLain","startTime":549.0,"endTime":553.11,"body":"number one, the qualities of a"},{"speaker":"Stephen McLain","startTime":549.0,"endTime":553.11,"body":"successful C suite executive the"},{"speaker":"Stephen McLain","startTime":553.11,"endTime":556.59,"body":"successful executive knows they"},{"speaker":"Stephen McLain","startTime":553.11,"endTime":556.59,"body":"are responsible and accountable"},{"speaker":"Stephen McLain","startTime":556.59,"endTime":561.54,"body":"for everything the organization"},{"speaker":"Stephen McLain","startTime":556.59,"endTime":561.54,"body":"does or fails to do. It begins"},{"speaker":"Stephen McLain","startTime":561.54,"endTime":565.38,"body":"and ends with you, you must"},{"speaker":"Stephen McLain","startTime":561.54,"endTime":565.38,"body":"become the master of the implied"},{"speaker":"Stephen McLain","startTime":565.38,"endTime":568.08,"body":"task because no one will be"},{"speaker":"Stephen McLain","startTime":565.38,"endTime":568.08,"body":"telling you what needs to be"},{"speaker":"Stephen McLain","startTime":568.08,"endTime":571.35,"body":"done. Because it will be the"},{"speaker":"Stephen McLain","startTime":568.08,"endTime":571.35,"body":"senior executives steering the"},{"speaker":"Stephen McLain","startTime":571.35,"endTime":574.65,"body":"ship. It will be on your"},{"speaker":"Stephen McLain","startTime":571.35,"endTime":574.65,"body":"shoulders to determine the right"},{"speaker":"Stephen McLain","startTime":574.65,"endTime":578.22,"body":"priorities and how to best use"},{"speaker":"Stephen McLain","startTime":574.65,"endTime":578.22,"body":"the resources of the"},{"speaker":"Stephen McLain","startTime":578.22,"endTime":581.82,"body":"organization. C suite executives"},{"speaker":"Stephen McLain","startTime":578.22,"endTime":581.82,"body":"must also lead their respective"},{"speaker":"Stephen McLain","startTime":581.82,"endTime":585.69,"body":"teams and partner together with"},{"speaker":"Stephen McLain","startTime":581.82,"endTime":585.69,"body":"the other executives and be"},{"speaker":"Stephen McLain","startTime":585.69,"endTime":589.95,"body":"committed to and deliver the"},{"speaker":"Stephen McLain","startTime":585.69,"endTime":589.95,"body":"strategy. You must continually"},{"speaker":"Stephen McLain","startTime":589.95,"endTime":593.37,"body":"have a strategic view of the"},{"speaker":"Stephen McLain","startTime":589.95,"endTime":593.37,"body":"organization. Now I want to"},{"speaker":"Stephen McLain","startTime":593.37,"endTime":597.3,"body":"share a basic executive focus"},{"speaker":"Stephen McLain","startTime":593.37,"endTime":597.3,"body":"model and I want to talk about"},{"speaker":"Stephen McLain","startTime":597.78,"endTime":601.62,"body":"this in terms of vision in"},{"speaker":"Stephen McLain","startTime":597.78,"endTime":601.62,"body":"fluence and communication now"},{"speaker":"Stephen McLain","startTime":601.62,"endTime":605.79,"body":"number one vision where do we"},{"speaker":"Stephen McLain","startTime":601.62,"endTime":605.79,"body":"want to go? And must be simple"},{"speaker":"Stephen McLain","startTime":605.79,"endTime":609.57,"body":"concept? What will this company"},{"speaker":"Stephen McLain","startTime":605.79,"endTime":609.57,"body":"do and where will it be"},{"speaker":"Stephen McLain","startTime":609.57,"endTime":613.68,"body":"positioned in the future, how"},{"speaker":"Stephen McLain","startTime":609.57,"endTime":613.68,"body":"you communicate your vision will"},{"speaker":"Stephen McLain","startTime":613.68,"endTime":617.34,"body":"be how you attract talent to"},{"speaker":"Stephen McLain","startTime":613.68,"endTime":617.34,"body":"your company who can share your"},{"speaker":"Stephen McLain","startTime":617.34,"endTime":621.09,"body":"passion for where you want this"},{"speaker":"Stephen McLain","startTime":617.34,"endTime":621.09,"body":"company to go. Number two"},{"speaker":"Stephen McLain","startTime":621.12,"endTime":624.9,"body":"influence. Now this is about"},{"speaker":"Stephen McLain","startTime":621.12,"endTime":624.9,"body":"positive influence. You want to"},{"speaker":"Stephen McLain","startTime":624.9,"endTime":628.86,"body":"build a team who is passionate"},{"speaker":"Stephen McLain","startTime":624.9,"endTime":628.86,"body":"about the brand. And you also"},{"speaker":"Stephen McLain","startTime":628.86,"endTime":632.22,"body":"want to connect with all the"},{"speaker":"Stephen McLain","startTime":628.86,"endTime":632.22,"body":"stakeholders focus on building"},{"speaker":"Stephen McLain","startTime":632.22,"endTime":635.43,"body":"an environment where people want"},{"speaker":"Stephen McLain","startTime":632.22,"endTime":635.43,"body":"to work with you and they want"},{"speaker":"Stephen McLain","startTime":635.43,"endTime":638.76,"body":"to contribute and be part of the"},{"speaker":"Stephen McLain","startTime":635.43,"endTime":638.76,"body":"team. So you must work to"},{"speaker":"Stephen McLain","startTime":638.76,"endTime":642.69,"body":"deliver positive outcomes and"},{"speaker":"Stephen McLain","startTime":638.76,"endTime":642.69,"body":"inspire people to deliver their"},{"speaker":"Stephen McLain","startTime":642.69,"endTime":646.41,"body":"best. And that comes from"},{"speaker":"Stephen McLain","startTime":642.69,"endTime":646.41,"body":"treating people with dignity and"},{"speaker":"Stephen McLain","startTime":646.41,"endTime":649.8,"body":"respect. There was a time when"},{"speaker":"Stephen McLain","startTime":646.41,"endTime":649.8,"body":"senior leaders get away with"},{"speaker":"Stephen McLain","startTime":649.8,"endTime":654.0,"body":"abusing their team and asking"},{"speaker":"Stephen McLain","startTime":649.8,"endTime":654.0,"body":"unreasonable demands and those"},{"speaker":"Stephen McLain","startTime":654.0,"endTime":657.63,"body":"responsible for keeping senior"},{"speaker":"Stephen McLain","startTime":654.0,"endTime":657.63,"body":"leaders accountable would often"},{"speaker":"Stephen McLain","startTime":657.63,"endTime":661.05,"body":"look the other way. As long as"},{"speaker":"Stephen McLain","startTime":657.63,"endTime":661.05,"body":"the organization was performing"},{"speaker":"Stephen McLain","startTime":661.05,"endTime":664.08,"body":"well, meaning it was"},{"speaker":"Stephen McLain","startTime":661.05,"endTime":664.08,"body":"accomplishing its mission and"},{"speaker":"Stephen McLain","startTime":664.08,"endTime":667.65,"body":"making money. This is not"},{"speaker":"Stephen McLain","startTime":664.08,"endTime":667.65,"body":"acceptable any longer. We want"},{"speaker":"Stephen McLain","startTime":667.65,"endTime":670.98,"body":"senior leaders who can build a"},{"speaker":"Stephen McLain","startTime":667.65,"endTime":670.98,"body":"great work environment, while"},{"speaker":"Stephen McLain","startTime":670.98,"endTime":675.06,"body":"accomplishing the mission. Also"},{"speaker":"Stephen McLain","startTime":670.98,"endTime":675.06,"body":"it can happen you can actually"},{"speaker":"Stephen McLain","startTime":675.06,"endTime":678.3,"body":"expect from your team for them"},{"speaker":"Stephen McLain","startTime":675.06,"endTime":678.3,"body":"to perform at a high standard."},{"speaker":"Stephen McLain","startTime":678.6,"endTime":682.86,"body":"Without coercion and abuse. This"},{"speaker":"Stephen McLain","startTime":678.6,"endTime":682.86,"body":"will be the new standard and the"},{"speaker":"Stephen McLain","startTime":682.86,"endTime":686.97,"body":"new expectation going forward."},{"speaker":"Stephen McLain","startTime":682.86,"endTime":686.97,"body":"Treat everyone with respect and"},{"speaker":"Stephen McLain","startTime":686.97,"endTime":690.63,"body":"dignity even those you have to"},{"speaker":"Stephen McLain","startTime":686.97,"endTime":690.63,"body":"let go. Because they are not a"},{"speaker":"Stephen McLain","startTime":690.63,"endTime":694.47,"body":"good fit. People are watching"},{"speaker":"Stephen McLain","startTime":690.63,"endTime":694.47,"body":"how you treat people. When you"},{"speaker":"Stephen McLain","startTime":694.47,"endTime":698.64,"body":"let them go, coercion and abuse"},{"speaker":"Stephen McLain","startTime":694.47,"endTime":698.64,"body":"will no longer be accepted,"},{"speaker":"Stephen McLain","startTime":698.97,"endTime":702.78,"body":"micro aggressive behavior will"},{"speaker":"Stephen McLain","startTime":698.97,"endTime":702.78,"body":"no longer be tolerated. Now"},{"speaker":"Stephen McLain","startTime":702.78,"endTime":707.19,"body":"communication, do everything you"},{"speaker":"Stephen McLain","startTime":702.78,"endTime":707.19,"body":"can to remove obstacles to"},{"speaker":"Stephen McLain","startTime":707.19,"endTime":709.77,"body":"sharing information and"},{"speaker":"Stephen McLain","startTime":707.19,"endTime":709.77,"body":"establishing the right"},{"speaker":"Stephen McLain","startTime":709.77,"endTime":713.88,"body":"priorities, communicating those"},{"speaker":"Stephen McLain","startTime":709.77,"endTime":713.88,"body":"right priorities with the right"},{"speaker":"Stephen McLain","startTime":713.88,"endTime":717.75,"body":"use of resources that your"},{"speaker":"Stephen McLain","startTime":713.88,"endTime":717.75,"body":"organization has. Clear"},{"speaker":"Stephen McLain","startTime":717.75,"endTime":722.31,"body":"communication wins the day,"},{"speaker":"Stephen McLain","startTime":717.75,"endTime":722.31,"body":"every day. Open communication"},{"speaker":"Stephen McLain","startTime":722.34,"endTime":726.42,"body":"facilitates trust. And we talked"},{"speaker":"Stephen McLain","startTime":722.34,"endTime":726.42,"body":"about vision, influence and"},{"speaker":"Stephen McLain","startTime":726.42,"endTime":730.02,"body":"communication as a basic model"},{"speaker":"Stephen McLain","startTime":726.42,"endTime":730.02,"body":"for senior leadership. And we're"},{"speaker":"Stephen McLain","startTime":730.02,"endTime":733.83,"body":"going to be talking about this"},{"speaker":"Stephen McLain","startTime":730.02,"endTime":733.83,"body":"more as we progress through the"},{"speaker":"Stephen McLain","startTime":733.83,"endTime":738.12,"body":"season and talking about CFO and"},{"speaker":"Stephen McLain","startTime":733.83,"endTime":738.12,"body":"also senior leadership. Now"},{"speaker":"Stephen McLain","startTime":738.12,"endTime":742.02,"body":"number two, you must pivot your"},{"speaker":"Stephen McLain","startTime":738.12,"endTime":742.02,"body":"skillset mindset and"},{"speaker":"Stephen McLain","startTime":742.02,"endTime":745.92,"body":"perspective. What you did as a"},{"speaker":"Stephen McLain","startTime":742.02,"endTime":745.92,"body":"manager will not be what you do"},{"speaker":"Stephen McLain","startTime":745.92,"endTime":750.27,"body":"as a CFO. It requires a"},{"speaker":"Stephen McLain","startTime":745.92,"endTime":750.27,"body":"different skill set. I will"},{"speaker":"Stephen McLain","startTime":750.27,"endTime":754.92,"body":"address CFO skill specifically"},{"speaker":"Stephen McLain","startTime":750.27,"endTime":754.92,"body":"in a future episode, you must"},{"speaker":"Stephen McLain","startTime":754.92,"endTime":758.43,"body":"shift to a strategic skill set"},{"speaker":"Stephen McLain","startTime":754.92,"endTime":758.43,"body":"especially in communication,"},{"speaker":"Stephen McLain","startTime":758.79,"endTime":763.11,"body":"problem solving, being"},{"speaker":"Stephen McLain","startTime":758.79,"endTime":763.11,"body":"analytical and in planning. We"},{"speaker":"Stephen McLain","startTime":763.11,"endTime":767.88,"body":"will talk more about skills in"},{"speaker":"Stephen McLain","startTime":763.11,"endTime":767.88,"body":"Episode 66 And two weeks, you"},{"speaker":"Stephen McLain","startTime":767.88,"endTime":771.75,"body":"must shift and develop these"},{"speaker":"Stephen McLain","startTime":767.88,"endTime":771.75,"body":"skills. Those of you who see"},{"speaker":"Stephen McLain","startTime":771.75,"endTime":775.29,"body":"yourselves as Microsoft Excel"},{"speaker":"Stephen McLain","startTime":771.75,"endTime":775.29,"body":"experts will have to realize"},{"speaker":"Stephen McLain","startTime":775.29,"endTime":778.44,"body":"that Excel skills will not help"},{"speaker":"Stephen McLain","startTime":775.29,"endTime":778.44,"body":"you rise above the manager"},{"speaker":"Stephen McLain","startTime":778.44,"endTime":782.76,"body":"level. Excel is a tactical"},{"speaker":"Stephen McLain","startTime":778.44,"endTime":782.76,"body":"skill, you must have a growth"},{"speaker":"Stephen McLain","startTime":782.76,"endTime":786.24,"body":"mindset, seeing the organization"},{"speaker":"Stephen McLain","startTime":782.76,"endTime":786.24,"body":"as a whole focusing on the"},{"speaker":"Stephen McLain","startTime":786.24,"endTime":790.89,"body":"future ready to face adversity"},{"speaker":"Stephen McLain","startTime":786.24,"endTime":790.89,"body":"as a CFO, you will face"},{"speaker":"Stephen McLain","startTime":790.89,"endTime":795.09,"body":"adversity challenges and also"},{"speaker":"Stephen McLain","startTime":790.89,"endTime":795.09,"body":"change, you will have to lead"},{"speaker":"Stephen McLain","startTime":795.09,"endTime":799.11,"body":"change, even change you may not"},{"speaker":"Stephen McLain","startTime":795.09,"endTime":799.11,"body":"believe in mindset is"},{"speaker":"Stephen McLain","startTime":799.11,"endTime":803.04,"body":"everything, you must be ready"},{"speaker":"Stephen McLain","startTime":799.11,"endTime":803.04,"body":"every day to inspire and to lead"},{"speaker":"Stephen McLain","startTime":803.04,"endTime":806.4,"body":"positive outcomes. No matter"},{"speaker":"Stephen McLain","startTime":803.04,"endTime":806.4,"body":"what you are dealing with"},{"speaker":"Stephen McLain","startTime":806.4,"endTime":810.33,"body":"personally, or in the business"},{"speaker":"Stephen McLain","startTime":806.4,"endTime":810.33,"body":"environment, your perspective"},{"speaker":"Stephen McLain","startTime":810.33,"endTime":814.2,"body":"must also change. You have to"},{"speaker":"Stephen McLain","startTime":810.33,"endTime":814.2,"body":"think and act in a strategic"},{"speaker":"Stephen McLain","startTime":814.2,"endTime":818.01,"body":"environment, you must also"},{"speaker":"Stephen McLain","startTime":814.2,"endTime":818.01,"body":"preserve decision space. And we"},{"speaker":"Stephen McLain","startTime":818.01,"endTime":820.92,"body":"will talk more about this later"},{"speaker":"Stephen McLain","startTime":818.01,"endTime":820.92,"body":"decision space is not allowing"},{"speaker":"Stephen McLain","startTime":820.92,"endTime":824.88,"body":"yourself to make a quicker"},{"speaker":"Stephen McLain","startTime":820.92,"endTime":824.88,"body":"decision, then you need to make"},{"speaker":"Stephen McLain","startTime":824.88,"endTime":828.0,"body":"a decision at the right time and"},{"speaker":"Stephen McLain","startTime":824.88,"endTime":828.0,"body":"don't be forced to do binary"},{"speaker":"Stephen McLain","startTime":828.0,"endTime":831.75,"body":"decisions. Decisions are more"},{"speaker":"Stephen McLain","startTime":828.0,"endTime":831.75,"body":"than just two choices. You must"},{"speaker":"Stephen McLain","startTime":831.75,"endTime":835.2,"body":"teach your team to look at the"},{"speaker":"Stephen McLain","startTime":831.75,"endTime":835.2,"body":"problem. In more than just two"},{"speaker":"Stephen McLain","startTime":835.2,"endTime":839.28,"body":"alternatives. You may find that"},{"speaker":"Stephen McLain","startTime":835.2,"endTime":839.28,"body":"hybrid decisions are more likely"},{"speaker":"Stephen McLain","startTime":839.28,"endTime":842.46,"body":"to be adopted, and we'll talk"},{"speaker":"Stephen McLain","startTime":839.28,"endTime":842.46,"body":"more about this later. Number"},{"speaker":"Stephen McLain","startTime":842.46,"endTime":846.87,"body":"three, you must embrace change"},{"speaker":"Stephen McLain","startTime":842.46,"endTime":846.87,"body":"and embrace adversity. Anyone"},{"speaker":"Stephen McLain","startTime":846.87,"endTime":850.23,"body":"can be a leader when things are"},{"speaker":"Stephen McLain","startTime":846.87,"endTime":850.23,"body":"going well. But how often does"},{"speaker":"Stephen McLain","startTime":850.23,"endTime":854.76,"body":"that happen? Embrace that role"},{"speaker":"Stephen McLain","startTime":850.23,"endTime":854.76,"body":"of crisis and change leader be"},{"speaker":"Stephen McLain","startTime":854.76,"endTime":859.08,"body":"ready to solve complex problems"},{"speaker":"Stephen McLain","startTime":854.76,"endTime":859.08,"body":"at any time. This must be"},{"speaker":"Stephen McLain","startTime":859.08,"endTime":863.22,"body":"adopted into your mindset."},{"speaker":"Stephen McLain","startTime":859.08,"endTime":863.22,"body":"Number four, you must set the"},{"speaker":"Stephen McLain","startTime":863.22,"endTime":867.36,"body":"right example every day to"},{"speaker":"Stephen McLain","startTime":863.22,"endTime":867.36,"body":"establish a high standard people"},{"speaker":"Stephen McLain","startTime":867.36,"endTime":870.33,"body":"will be looking for you and one"},{"speaker":"Stephen McLain","startTime":867.36,"endTime":870.33,"body":"example you communicate. Do you"},{"speaker":"Stephen McLain","startTime":870.33,"endTime":874.32,"body":"know the difference between a"},{"speaker":"Stephen McLain","startTime":870.33,"endTime":874.32,"body":"work perk and having a sense of"},{"speaker":"Stephen McLain","startTime":874.32,"endTime":877.71,"body":"entitlement. As people get"},{"speaker":"Stephen McLain","startTime":874.32,"endTime":877.71,"body":"promoted, they often get"},{"speaker":"Stephen McLain","startTime":877.71,"endTime":882.9,"body":"confused as to what applies to"},{"speaker":"Stephen McLain","startTime":877.71,"endTime":882.9,"body":"them. A work perk. A specific"},{"speaker":"Stephen McLain","startTime":882.9,"endTime":886.86,"body":"perk of the job is a defined"},{"speaker":"Stephen McLain","startTime":882.9,"endTime":886.86,"body":"benefit of the role you're"},{"speaker":"Stephen McLain","startTime":886.86,"endTime":891.06,"body":"performing. It might be a"},{"speaker":"Stephen McLain","startTime":886.86,"endTime":891.06,"body":"designated parking space, or a"},{"speaker":"Stephen McLain","startTime":891.06,"endTime":895.11,"body":"private dining area or access to"},{"speaker":"Stephen McLain","startTime":891.06,"endTime":895.11,"body":"sporting event tickets and those"},{"speaker":"Stephen McLain","startTime":895.11,"endTime":899.22,"body":"are fine. Those are part of the"},{"speaker":"Stephen McLain","startTime":895.11,"endTime":899.22,"body":"role that you earned when you"},{"speaker":"Stephen McLain","startTime":899.22,"endTime":902.91,"body":"got into that role. And that's"},{"speaker":"Stephen McLain","startTime":899.22,"endTime":902.91,"body":"okay. And entitlement mentality"},{"speaker":"Stephen McLain","startTime":902.94,"endTime":906.9,"body":"means you believe that policies"},{"speaker":"Stephen McLain","startTime":902.94,"endTime":906.9,"body":"that all employees must be in"},{"speaker":"Stephen McLain","startTime":906.9,"endTime":912.15,"body":"compliance with don't apply to"},{"speaker":"Stephen McLain","startTime":906.9,"endTime":912.15,"body":"you. Do you show up to work? Are"},{"speaker":"Stephen McLain","startTime":912.15,"endTime":915.84,"body":"you using illegal substances?"},{"speaker":"Stephen McLain","startTime":912.15,"endTime":915.84,"body":"Are you taking more than your"},{"speaker":"Stephen McLain","startTime":915.84,"endTime":919.65,"body":"defined benefits? Are you asking"},{"speaker":"Stephen McLain","startTime":915.84,"endTime":919.65,"body":"your assistant to perform"},{"speaker":"Stephen McLain","startTime":919.65,"endTime":924.3,"body":"personal tasks? beyond the scope"},{"speaker":"Stephen McLain","startTime":919.65,"endTime":924.3,"body":"of their normal duties? Do you"},{"speaker":"Stephen McLain","startTime":924.3,"endTime":927.36,"body":"believe that policies don't"},{"speaker":"Stephen McLain","startTime":924.3,"endTime":927.36,"body":"apply to you? That's an"},{"speaker":"Stephen McLain","startTime":927.36,"endTime":930.87,"body":"entitlement mentality, and"},{"speaker":"Stephen McLain","startTime":927.36,"endTime":930.87,"body":"people will notice and you will"},{"speaker":"Stephen McLain","startTime":930.87,"endTime":935.07,"body":"lose their respect. And finally,"},{"speaker":"Stephen McLain","startTime":930.87,"endTime":935.07,"body":"number five, you must own your"},{"speaker":"Stephen McLain","startTime":935.07,"endTime":939.0,"body":"career and your goal"},{"speaker":"Stephen McLain","startTime":935.07,"endTime":939.0,"body":"accomplishment process. Your"},{"speaker":"Stephen McLain","startTime":939.0,"endTime":942.54,"body":"career pathway is what you do"},{"speaker":"Stephen McLain","startTime":939.0,"endTime":942.54,"body":"with it, what choices you make,"},{"speaker":"Stephen McLain","startTime":942.84,"endTime":946.62,"body":"and what amount of risk that you"},{"speaker":"Stephen McLain","startTime":942.84,"endTime":946.62,"body":"take. Do you have a growth or"},{"speaker":"Stephen McLain","startTime":946.62,"endTime":950.73,"body":"fixed mindset? Do you regularly"},{"speaker":"Stephen McLain","startTime":946.62,"endTime":950.73,"body":"update your goals? And are they"},{"speaker":"Stephen McLain","startTime":950.73,"endTime":954.33,"body":"written down? You will find that"},{"speaker":"Stephen McLain","startTime":950.73,"endTime":954.33,"body":"those who rose to the C suite"},{"speaker":"Stephen McLain","startTime":954.33,"endTime":958.14,"body":"had written down goals and had a"},{"speaker":"Stephen McLain","startTime":954.33,"endTime":958.14,"body":"detailed plan that was updated"},{"speaker":"Stephen McLain","startTime":958.14,"endTime":961.77,"body":"often they did their research on"},{"speaker":"Stephen McLain","startTime":958.14,"endTime":961.77,"body":"hiring trends, and what does it"},{"speaker":"Stephen McLain","startTime":961.77,"endTime":965.4,"body":"take to get promoted, you must"},{"speaker":"Stephen McLain","startTime":961.77,"endTime":965.4,"body":"own your career and not wait on"},{"speaker":"Stephen McLain","startTime":965.4,"endTime":968.43,"body":"other people to give you"},{"speaker":"Stephen McLain","startTime":965.4,"endTime":968.43,"body":"something, go get it, get on"},{"speaker":"Stephen McLain","startTime":968.43,"endTime":971.88,"body":"opportunities that will propel"},{"speaker":"Stephen McLain","startTime":968.43,"endTime":971.88,"body":"you forward. Now, your personal"},{"speaker":"Stephen McLain","startTime":971.88,"endTime":975.15,"body":"character follows you"},{"speaker":"Stephen McLain","startTime":971.88,"endTime":975.15,"body":"everywhere. setting the example"},{"speaker":"Stephen McLain","startTime":975.15,"endTime":978.03,"body":"and being a leader that people"},{"speaker":"Stephen McLain","startTime":975.15,"endTime":978.03,"body":"want to follow are key to being"},{"speaker":"Stephen McLain","startTime":978.03,"endTime":981.6,"body":"a successful executive. It's not"},{"speaker":"Stephen McLain","startTime":978.03,"endTime":981.6,"body":"just about getting your way."},{"speaker":"Stephen McLain","startTime":981.63,"endTime":984.84,"body":"It's about being someone of"},{"speaker":"Stephen McLain","startTime":981.63,"endTime":984.84,"body":"strong character who treats"},{"speaker":"Stephen McLain","startTime":984.84,"endTime":988.29,"body":"people with dignity and respect."},{"speaker":"Stephen McLain","startTime":984.84,"endTime":988.29,"body":"It is possible to command"},{"speaker":"Stephen McLain","startTime":988.29,"endTime":993.06,"body":"respect and get things done"},{"speaker":"Stephen McLain","startTime":988.29,"endTime":993.06,"body":"without being a monster. I don't"},{"speaker":"Stephen McLain","startTime":993.06,"endTime":995.82,"body":"know why it's so difficult for"},{"speaker":"Stephen McLain","startTime":993.06,"endTime":995.82,"body":"some people. It's often bias and"},{"speaker":"Stephen McLain","startTime":995.82,"endTime":1000.44,"body":"narcissism and how one feels"},{"speaker":"Stephen McLain","startTime":995.82,"endTime":1000.44,"body":"entitled. And it may be because"},{"speaker":"Stephen McLain","startTime":1000.44,"endTime":1003.77,"body":"they had a poor example, to"},{"speaker":"Stephen McLain","startTime":1000.44,"endTime":1003.77,"body":"follow as they were working"},{"speaker":"Stephen McLain","startTime":1003.8,"endTime":1006.59,"body":"through the ranks. Now for"},{"speaker":"Stephen McLain","startTime":1003.8,"endTime":1006.59,"body":"action. Today, I want to ask you"},{"speaker":"Stephen McLain","startTime":1006.59,"endTime":1010.43,"body":"a few questions. How do you view"},{"speaker":"Stephen McLain","startTime":1006.59,"endTime":1010.43,"body":"your actual progression from"},{"speaker":"Stephen McLain","startTime":1010.46,"endTime":1015.53,"body":"individual contributor to Team"},{"speaker":"Stephen McLain","startTime":1010.46,"endTime":1015.53,"body":"Manager to director and VP on to"},{"speaker":"Stephen McLain","startTime":1015.53,"endTime":1019.43,"body":"CFO? Do you realize that you"},{"speaker":"Stephen McLain","startTime":1015.53,"endTime":1019.43,"body":"must grow and pivot your"},{"speaker":"Stephen McLain","startTime":1019.43,"endTime":1024.32,"body":"mindset, your skill set and your"},{"speaker":"Stephen McLain","startTime":1019.43,"endTime":1024.32,"body":"perspective at each level? How"},{"speaker":"Stephen McLain","startTime":1024.32,"endTime":1027.35,"body":"you manage your team today will"},{"speaker":"Stephen McLain","startTime":1024.32,"endTime":1027.35,"body":"not necessarily help you get"},{"speaker":"Stephen McLain","startTime":1027.35,"endTime":1031.37,"body":"hired as a CFO, he must"},{"speaker":"Stephen McLain","startTime":1027.35,"endTime":1031.37,"body":"demonstrate the ability to think"},{"speaker":"Stephen McLain","startTime":1031.37,"endTime":1035.12,"body":"strategically and to partner"},{"speaker":"Stephen McLain","startTime":1031.37,"endTime":1035.12,"body":"with the other senior executives"},{"speaker":"Stephen McLain","startTime":1035.42,"endTime":1039.86,"body":"to solve complex problems."},{"speaker":"Stephen McLain","startTime":1035.42,"endTime":1039.86,"body":"Partnership is key. That's what"},{"speaker":"Stephen McLain","startTime":1039.86,"endTime":1043.19,"body":"they will be looking for. Can"},{"speaker":"Stephen McLain","startTime":1039.86,"endTime":1043.19,"body":"you work well with others to"},{"speaker":"Stephen McLain","startTime":1043.19,"endTime":1047.21,"body":"deliver the strategy? This is"},{"speaker":"Stephen McLain","startTime":1043.19,"endTime":1047.21,"body":"why I'm asking you to reflect on"},{"speaker":"Stephen McLain","startTime":1047.21,"endTime":1051.11,"body":"your personal growth philosophy."},{"speaker":"Stephen McLain","startTime":1047.21,"endTime":1051.11,"body":"Those with a realistic growth"},{"speaker":"Stephen McLain","startTime":1051.11,"endTime":1054.44,"body":"mindset focus on pivoting at"},{"speaker":"Stephen McLain","startTime":1051.11,"endTime":1054.44,"body":"every level, what is your"},{"speaker":"Stephen McLain","startTime":1054.44,"endTime":1058.01,"body":"mindset? And how do you envision"},{"speaker":"Stephen McLain","startTime":1054.44,"endTime":1058.01,"body":"yourself making the transition"},{"speaker":"Stephen McLain","startTime":1058.34,"endTime":1062.54,"body":"from the tactical perspective to"},{"speaker":"Stephen McLain","startTime":1058.34,"endTime":1062.54,"body":"the strategic at each level on"},{"speaker":"Stephen McLain","startTime":1062.54,"endTime":1066.77,"body":"your way to CFO now today I"},{"speaker":"Stephen McLain","startTime":1062.54,"endTime":1066.77,"body":"talked about the CFO, mindset"},{"speaker":"Stephen McLain","startTime":1066.92,"endTime":1070.19,"body":"and qualities of a C suite"},{"speaker":"Stephen McLain","startTime":1066.92,"endTime":1070.19,"body":"executive and highlighted the"},{"speaker":"Stephen McLain","startTime":1070.19,"endTime":1074.3,"body":"following points. Number one,"},{"speaker":"Stephen McLain","startTime":1070.19,"endTime":1074.3,"body":"the qualities of the successful"},{"speaker":"Stephen McLain","startTime":1074.3,"endTime":1078.59,"body":"C suite executive number two,"},{"speaker":"Stephen McLain","startTime":1074.3,"endTime":1078.59,"body":"you must pivot your skill set"},{"speaker":"Stephen McLain","startTime":1078.62,"endTime":1082.7,"body":"mindset and perspective. Number"},{"speaker":"Stephen McLain","startTime":1078.62,"endTime":1082.7,"body":"three, embrace change and"},{"speaker":"Stephen McLain","startTime":1082.7,"endTime":1086.36,"body":"embrace adversity. Number four,"},{"speaker":"Stephen McLain","startTime":1082.7,"endTime":1086.36,"body":"you must set the right example"},{"speaker":"Stephen McLain","startTime":1086.36,"endTime":1090.62,"body":"every day to establish a high"},{"speaker":"Stephen McLain","startTime":1086.36,"endTime":1090.62,"body":"standard, and five you must own"},{"speaker":"Stephen McLain","startTime":1090.62,"endTime":1094.34,"body":"your career and your goal"},{"speaker":"Stephen McLain","startTime":1090.62,"endTime":1094.34,"body":"accomplishment process. Your"},{"speaker":"Stephen McLain","startTime":1094.34,"endTime":1096.92,"body":"mindset determines how you view"},{"speaker":"Stephen McLain","startTime":1094.34,"endTime":1096.92,"body":"yourself and how you address"},{"speaker":"Stephen McLain","startTime":1096.95,"endTime":1100.64,"body":"accomplishing your goals. The"},{"speaker":"Stephen McLain","startTime":1096.95,"endTime":1100.64,"body":"CFL mindset requires you to see"},{"speaker":"Stephen McLain","startTime":1100.64,"endTime":1104.03,"body":"the world differently. You must"},{"speaker":"Stephen McLain","startTime":1100.64,"endTime":1104.03,"body":"see the organization as a whole"},{"speaker":"Stephen McLain","startTime":1104.03,"endTime":1107.72,"body":"instead of by its parts. You"},{"speaker":"Stephen McLain","startTime":1104.03,"endTime":1107.72,"body":"must focus on the future. You"},{"speaker":"Stephen McLain","startTime":1107.72,"endTime":1111.26,"body":"must perform your duties through"},{"speaker":"Stephen McLain","startTime":1107.72,"endTime":1111.26,"body":"a strategic lens and you must be"},{"speaker":"Stephen McLain","startTime":1111.26,"endTime":1114.86,"body":"able to overcome challenges and"},{"speaker":"Stephen McLain","startTime":1111.26,"endTime":1114.86,"body":"adversity. You will face"},{"speaker":"Stephen McLain","startTime":1114.86,"endTime":1118.16,"body":"challenges for sure, but your"},{"speaker":"Stephen McLain","startTime":1114.86,"endTime":1118.16,"body":"mindset will determine how you"},{"speaker":"Stephen McLain","startTime":1118.16,"endTime":1121.43,"body":"react to it. And I will"},{"speaker":"Stephen McLain","startTime":1118.16,"endTime":1121.43,"body":"continually challenge you to"},{"speaker":"Stephen McLain","startTime":1121.43,"endTime":1125.21,"body":"treat your team members with"},{"speaker":"Stephen McLain","startTime":1121.43,"endTime":1125.21,"body":"dignity and respect. The era of"},{"speaker":"Stephen McLain","startTime":1125.21,"endTime":1130.31,"body":"using coercion, being selfish"},{"speaker":"Stephen McLain","startTime":1125.21,"endTime":1130.31,"body":"and being entitled is over. Next"},{"speaker":"Stephen McLain","startTime":1130.31,"endTime":1133.28,"body":"week I will be talking about the"},{"speaker":"Stephen McLain","startTime":1130.31,"endTime":1133.28,"body":"C suite dynamic and how senior"},{"speaker":"Stephen McLain","startTime":1133.28,"endTime":1137.12,"body":"executives work together in a"},{"speaker":"Stephen McLain","startTime":1133.28,"endTime":1137.12,"body":"strategic environment. Please"},{"speaker":"Stephen McLain","startTime":1137.12,"endTime":1139.79,"body":"join my Facebook group called"},{"speaker":"Stephen McLain","startTime":1137.12,"endTime":1139.79,"body":"the finance leader podcast"},{"speaker":"Stephen McLain","startTime":1139.79,"endTime":1143.24,"body":"community. This is a place where"},{"speaker":"Stephen McLain","startTime":1139.79,"endTime":1143.24,"body":"we can help each other to grow"},{"speaker":"Stephen McLain","startTime":1143.24,"endTime":1146.84,"body":"and be prepared for the next"},{"speaker":"Stephen McLain","startTime":1143.24,"endTime":1146.84,"body":"step in our careers as finance"},{"speaker":"Stephen McLain","startTime":1146.84,"endTime":1150.23,"body":"and accounting professionals. So"},{"speaker":"Stephen McLain","startTime":1146.84,"endTime":1150.23,"body":"please join. The link is in the"},{"speaker":"Stephen McLain","startTime":1150.23,"endTime":1153.29,"body":"show notes for this episode on"},{"speaker":"Stephen McLain","startTime":1150.23,"endTime":1153.29,"body":"the app you're listening to."},{"speaker":"Stephen McLain","startTime":1153.68,"endTime":1156.98,"body":"I hope you enjoyed the finance"},{"speaker":"Stephen McLain","startTime":1153.68,"endTime":1156.98,"body":"leader podcast. I am dedicated"},{"speaker":"Stephen McLain","startTime":1156.98,"endTime":1159.95,"body":"to helping you grow your"},{"speaker":"Stephen McLain","startTime":1156.98,"endTime":1159.95,"body":"leadership skills to change your"},{"speaker":"Stephen McLain","startTime":1159.95,"endTime":1164.06,"body":"mindset and to clarify your"},{"speaker":"Stephen McLain","startTime":1159.95,"endTime":1164.06,"body":"goals so you achieve the role of"},{"speaker":"Stephen McLain","startTime":1164.06,"endTime":1167.84,"body":"chief financial officer. You can"},{"speaker":"Stephen McLain","startTime":1164.06,"endTime":1167.84,"body":"find this episode wherever you"},{"speaker":"Stephen McLain","startTime":1167.84,"endTime":1171.14,"body":"listen to podcasts. Until next"},{"speaker":"Stephen McLain","startTime":1167.84,"endTime":1171.14,"body":"time, you can check out more"},{"speaker":"Stephen McLain","startTime":1171.14,"endTime":1174.92,"body":"resources at finance leader"},{"speaker":"Stephen McLain","startTime":1171.14,"endTime":1174.92,"body":"academy.com You can sign up for"},{"speaker":"Stephen McLain","startTime":1174.92,"endTime":1178.61,"body":"my weekly updates and see you"},{"speaker":"Stephen McLain","startTime":1174.92,"endTime":1178.61,"body":"don't miss an episode. And now"},{"speaker":"Stephen McLain","startTime":1178.64,"endTime":1181.94,"body":"go lead your team. And I'll see"},{"speaker":"Stephen McLain","startTime":1178.64,"endTime":1181.94,"body":"you next time. Thank you"}]}