Episode Transcript
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Unknown (00:00):
Hi, this is Steven
McLean of the finance leader
podcast. This is bonus episodenumber 54. It's March already
and I want to ask how your goalachievement is going. Have any
challenges come your way thathave been difficult to overcome?
What did you do to overcome thatchallenge? It takes a growth
mindset stay focused on yourgoals, while all sorts of things
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are happening and all sorts ofdistractions that can take you
away from your dream. I alsowant to talk about the episodes
that I've published so far thisyear. To recap, Episode 101, I
started off the year asking youto be bold in 2023 with your
goal setting. In Episode 102, Irecommended that you use the
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smart goal setting method forbetter goal planning, and
episode 103 will help you totransition from planning your
goals to then achieve yourgoals. And episode 104 is about
earning your professionalcredentials. So please go back
and listen to these episodes. Ifyou have not already. They will
definitely help you this year asyou work on your goals. Don't
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forget that I want you to bebold this year. That's bold,
believe overcome leadership anddecisive believe in yourself.
overcome obstacles, grow yourleadership, and be decisive in
your plans and opportunities. Sothat's bold, believe, overcome
leadership and decisive also isearning a promotion one of your
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goals for 2023. This week I amsharing episode 88 Earning a
promotion to manager. What doesit take to be promoted from
individual contributor tomanager, you must show potential
for greater responsibility. Youneed a combination of mature
soft skills, good character andhigh emotional intelligence.
deliver results every time andbe able to treat people fairly
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without bias. These qualitiesreally apply to every promotion,
no matter the level ofresponsibility. Also, please
check out finance leader AcademyI offer a course called advance
your career. I added a link inthe show notes so you can
preview this course. Check itout and just may help you with
your goals this year. If youdon't see the link, you can also
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go to Finance leader academy.comAnd you can find the course
listed there. Season 14 of thepodcast will debut on April 18.
Please enjoy this encore EpisodeEpisode 88 Earning a promotion
to manager thank youare you on track for a
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promotion? What does it take tobe promoted from individual
contributor to manageryou must show potential for
greater responsibility. You needa combination of mature soft
skills, good character and highemotional intelligence. deliver
results every time and be ableto treat people fairly without
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bias. If you can prioritize youractions correctly, clearly
communicate a vision and followthrough with incredible results.
You will be in line for apromotion to manager in no time.
Please enjoy the episode.
Welcome to the finance leaderpodcast where leadership is
bigger than the numbers. I amyour host Stephen McLean. This
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is the podcast for developingleaders and finance and
accounting. Please considerfollowing me on Twitter,
Facebook, Instagram andLinkedIn. My usernames and the
links are in this episode's shownotes. And also please join the
Facebook group I have for thispodcast community. Thank you.
This is episode number 88 and Iwill be talking about earning
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that promotion to manager and Iwill highlight the following
topics. Number one Be of goodcharacter, strong ethics and
having never quit attitudenumber to over deliver on
results. Number three, developthe key soft skills. Number
four, know how to prioritize,and five show potential for
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greater responsibility. WriterArthur golden said a mind
troubled by doubt cannot focuson the course to victory. I am
going to focus this episode ongetting that first promotion or
your first role as a manager.
This is a big step. You have tobe committed to preparing
yourself today. Now you have towant it and you need a plan. The
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basic model that I will talkabout today for your promotion
can be really used at any levelwith a few slight changes as you
rise to the executive level.
When you rise to that level,where you focus your time has to
change how you view theorganization has to change and
your skills have to be morestrategic in nature. running an
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organization is different thanrunning a team. But the basics
are the same show that you canoperate at the next level of
responsibility.
The end be trusted with thatresponsibility. I will always
begin with your professionalfoundation, that is mindset,
your education, professionalcertification, business acumen
soft skills, your technicalskills and written goals. You
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may not have an advanced degreeor certification yet as you work
on earning your first role as amanager. But we need to show
your potential to manage and beresponsible for more complex
tasks and projects. And to beable to treat people with
fairness. And without bias. Ihave a question, Can I trust
you? Can I trust you with atough project or task and get it
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done? On time? To a high levelof excellence? Can you deliver?
Can you achieve results withminimal guidance? Can I trust
you to handle a project withoutme getting involved hours each
day? Can I trust you to get theproject dug to requirements and
give me periodic updates. Andalso to know when to ask for
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help when you really need it.
All the way back in episode twoof the finance leader podcast, I
talked about four basicresponsibilities of finance and
accounting professionals. Theyare influencing growing others,
achieving results and seeing thefuture. And those four
responsibilities. If you masterthem can carry you forward in
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your career to the highestlevel, you need to show
potential for greaterresponsibility. But how do you
do that in the army? That wasthe jargon or industry talk for
getting promoted? But how do youdo that? Really, there was never
a real answer other than youneed to be working thinking and
leading at the next higher rank.
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Everyone's definition orperspective may be slightly
different on how you showpotential. It's often a judgment
call, a leader must have a highlevel of emotional intelligence,
are you able to move on fromcriticism? Or making a mistake?
Can you show genuine empathy forothers? Can you solve problems
keeping everyone in mindemotional intelligence is the
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ability to positively channelyour emotions, to overcome
stress. To show empathy and toresolve conflict. Your technical
competence will always berequired to be high, you need to
know the finance and accountingfields, you need to know how to
lead others in the sametechnical tasks that you have
been doing so well all theseyears, you need to help dry
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solutions in the analysis. Andthat will be the difference. You
need to know how to effectivelylead monthly close and annual
budgeting, plus many otherfinance and accounting related
requirements. Additionally, youneed to know the full
capabilities of the financialsystems you are using. Become an
expert on how to pull andvalidate the right data. You
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need to teach and guide yourfuture team on everything
related to data and the financeand accounting systems. I will
also say this, again, you willnot be promoted based on your
Microsoft Excel skills. So youneed to expand your skills from
developing the analysis oruploading journal entries to
influencing others based on whatyour analysis is saying. You
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have to go beyond what you arecreating in the spreadsheets to
show how you can grow thebusiness. That is why you need
to shift heavily into your softskills development. So you can
communicate better, lead betterand start to influence
positively across theorganization. There's also a
great responsibility for leadersto grow other leaders, we need
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to be looking for our specialgems who can go to the next
level. And we need to be lookingwithout bias and without
favoritism on who that personcan be and will be, start giving
them more responsibility and beable to take a risk that they
can get it done. It may not beperfect or the way you would do
it. But each time your highperformer gets a task and you
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actually trust them to get itdone. They will grow and get
better, their potential willgrow and they will be more ready
for that next step. Now let'stalk about earning that role as
manager. Number one, be of goodcharacter strong ethics and
having never quit attitude. Iwant you to set a great example
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for others to follow and emulateor copy. Be the person that
leader that you wanted to leadyou be the person who can lead
but also treat the team fairly,who can also focus on
development. Be a leader of goodcharacter and ethical practices,
be truthful and follow throughand what you said you would. And
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always safeguard companyresources and be a good steward
for what you are responsiblefor. Be the leader who does not
quit in the face of adversity.
And this is where a highemotional intelligence level
will help find ways to overcomestress. So you lead the team
effectively through anychallenge or obstacle.
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Number to over deliver onresults. You can't be wrong if
you over deliver on your resultsand be early with them. But
ensure they are right and goabove and beyond by adding
insights no one else can do. Howcan you help the executive team
grow the business and achievethe strategy. Bring the wow
factor in everything you do goabove and beyond on
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expectations. On every task andevery endeavor you take on
building gain trust oneverything you are asked to do.
Don't leave people with anydoubt about what you can do and
what your commitment is. Numberthree, develop the key soft
skills, you will always berequired to be technically
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competent, but you need to shiftto a higher level of soft
skills. You need to be a leaderhave a vision that anyone can
understand and would be willingto follow. Key soft skills will
always be communications, timemanagement, emotional
intelligence, collaboration,persuasion, adaptability, and
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creativity. I talked extensivelyabout soft skills in Episode 12.
Your soft skills are the key togreater responsibility,
promotions in higher roles, notyour Excel skills. Number four,
know how to prioritize, we aresurrounded by competing
requirements all the time, wehave more tasks than time and
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resources to get them all done.
So that is why we need toprioritize better.
Prioritization sets a boundaryon what we can realistically get
done. And you need tocommunicate openly about what
you can get done. And what youcan't know when you become
overwhelmed with competingtasks. So that you can ask for
help and learn to say no, learnto communicate back to anyone
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who's asking you to do somethingthat does not fit within your
priorities, you should have adaily priority list things that
you're going to get done now.
And then that way you cancommunicate to anyone who's
asking you to do something thatdoesn't really fit into the
priorities for that day. Numberfive, show potential for greater
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responsibility. You need to showwhat you can do beyond your
daily task, grind or list. Whereare you at with your mindset?
Can you overcome the obstaclesthat come at you each day? And
they will come? Are you activelyseeking out greater
responsibility and projects togrow and develop your skills? Or
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are you getting comfortable inyour usual weekly task list?
Show me you are ready for thenext level. Seek out tough
projects and tough assignmentsmake a positive difference.
Bring people and ideas togetherso the business moves forward.
And you will show potential forthe next hire role. What can you
do today to ensure the nextpromotion or the opportunity to
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seek out a higher role, whatneeds to change, you are being
judged on your potential and howwell you help the business to
grow revenue and to improveefficiencies. Now for action
today. Today, I want you to bereal with yourself about how you
have shown potential for greaterresponsibility. And to determine
if there is a gap. If there is agap. How do we start closing the
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gap? Take a few moments andwrite down how you have shown
potential for your next roleleading highly qualified finance
and accounting professionals.
Let's determine what you need todo next and different. When you
seek out that next role asmanager and you haven't been
working in it, you're going tobe asked these very same
questions. How are you going tomake a difference? How are you
going to lead a team? What'sgoing to be your vision? What
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are you going to do differentlythan what you have done as an
individual contributor? Are yousomeone who has done well based
on your Excel or analysisskills? There's nothing wrong
with that. But we need to startgoing beyond your daily
technical skills. Are youteaching and guiding others in
what you know and how to presentfinance and accounting
information so that you canguide senior leaders in the
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execution of strategy? How wellare you relatable to others? Can
you build a team ready to tackletough tasks? Can you treat
others fairly? Again, write outyour perspective on where you
are today. To close the gap. Doyou need mentoring to help you
overcome any areas that needimprovement? Be sure to update
your individual development planand start working today toward
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closing any gaps. And again,when you sit down for that
interview for role as manager,they're going to ask you that
you can perform beyond thosedaily technical skills and tasks
you have been doing. What areyou going to do to be able to
lead your team and lead yourteam and tough tasks and be able
to help the executive team toachieve their tasks? Also, don't
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forget to grab my free guide foryou called the leadership growth
blueprint for finance andaccounting managers. Are you a
finance or accountingprofessional who is also leading
people?
I would have questions about howto lead more effectively. I know
you are expected to be thetechnical expert in our field.
Learning leadership can set youapart from your peers, which can
(15:10):
then lead you to moreopportunities. In the free
guide, I talked about threeleadership areas, communication,
team development, andempowerment. Plus a few
recommendations aroundchallenges with the financial
systems you are using tocomplete your work. The link to
this free guide is in the postor the bio, you can also go to
(15:30):
Finance leader academy.com. Todownload it. Please use the
guide to help you with a fewleadership wins today. Thank
you. Today I talked aboutearning the first role or
promotion as a manager and Ihighlighted the following
points. Number one, be of goodcharacter, strong ethics and
having never quit attitudenumber to over deliver on
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results. Number three, developthe key soft skills. Number four
know how to prioritize, and fiveshow potential for greater
responsibility. managing andleading a team or even the
organization as a whole ischallenging. It requires a
higher level of skills, aresilient mindset and an ability
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that goes beyond thespreadsheet. Can you build a
team and a network that addstangible value to your
processes, and to you theproducts that help senior
leaders move the businessforward? Can you commit to
growing the business not committo just getting tasks done, but
commit to what those tasks mean?
And how they relate to revenuegrowth and even long term
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efficiencies so you areimproving long term
profitability. We need leaderswho can develop their teams to
help grow the business. Nextweek, I will be talking about
eliminating bias in yourleadership and decision making.
I hope you enjoyed the financeleader podcast I'm dedicated to
helping you grow your leadershipskills, to change your mindset,
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and to clarify your goals so youadvance your career. You can
find this episode wherever youlisten to podcasts. If this
episode helped you today, pleaseshare it with others and please
leave a quick review so thatothers may find the podcast.
Until next time, you can checkout more resources at finance
leader academy.com and sign upfor my weekly updates so you
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don't miss an episode of theshow. And now go lead your team
and I'll see you next time.
Thank you