Facebook
Twitter
LinkedIn
WhatsApp
Email
#243 How To Get Your Team Finance Fit: Why Finance Must Evolve Now with Melanie Coeshott, GrowCFO Facilitator
https://youtu.be/kST0q4krSxs
Your browser does not support the audio element.
In this insightful episode of The GrowCFO Show, host Kevin Appleby welcomes Melanie Coeshott, a GrowCFO Facilitator, to discuss the concept of “Finance Fit” – a framework designed to help finance teams prepare for their next evolutionary chapter. Melanie introduces her innovative F-I-T mnemonic, which stands for Future-oriented, Innovative, and Thriving, providing a structured approach for finance professionals to adapt to changing business landscapes.
The conversation explores how finance teams can shift from their traditional backward-looking roles to become more proactive, creative partners in business decision-making. Kevin and Melanie discuss the challenges finance professionals face in making this transition, including mindset barriers, change fatigue, and the need for leadership support. They emphasize that becoming “Finance Fit” requires not only technical skill development but also personal growth, relationship building, and finding fulfillment in one’s work.
Key topics covered:
The “Finance Fit” concept represents a significant mindset shift for finance professionals, requiring them to balance their traditional reporting responsibilities with forward-looking strategic contributions
Innovation in finance doesn’t necessarily mean radical changes but can involve small, incremental improvements that collectively drive significant value for the business
Finance professionals often struggle with “change fatigue” and need permission from leadership to experiment, fail, and learn from their experiences
Building strong relationships across the organization is crucial for finance teams to effectively contribute to business transformation
Personal development and job satisfaction are essential components of the “Thriving” element, with tools like StrengthsFinder helping finance professionals identify and leverage their natural talents
Links
Melanie Coeshott on LinkedIn
Kevin Appleby on LinkedIn
GrowCFO Mentoring
Timestamps
0:04:45 Introduction to the “Finance Fit” concept and explanation of the F-I-T mnemonic
0:12:30 Discussion of the challenges finance professionals face in becoming more future-oriented
0:18:15 Exploration of innovation in finance and overcoming resistance to change
0:27:45 The importance of thriving as finance professionals through resilience and relationship building
0:35:20 Strategies for improving job satisfaction and playing to strengths in finance roles
0:42:32 Next steps for developing and implementing the Finance Fit framework
Find out more about GrowCFO
If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode.
GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here.
You can find out more and join today at growcfo.net
Podcast: Play in new window | Download
Related Articles
Podcast
#258 From Controller to CFO: The Playbook Behind CSAA’s Transformation, Andrea Hecht, Chief Financial Officer, CSAA Insurance Group
In this episode, host Kevin Appleby speaks with Andrea Hecht, Chief Financial Officer at CSAA Insurance Group, to explore the...
Podcast
#257 The Three Hidden Traps That Stall New CFOs, Michael O’Reilly, GrowCFO Executive Coach
In this insightful episode, Kevin Appleby sits down with Michael O’Reilly, a seasoned executive coach and former CFO with a...
Podcast
#256 The CFO Guide to AI Hype: What To Do First, Hannah Munro, Managing Director, ITAS Solutions
Artificial Intelligence continues to dominate finance discussions, but for many CFOs, the real challenge isn’t understanding the technology—it’s knowing where...