The Finance Leader Podcast

Do you know how to enjoy your time off when you do take your vacation time? This is important so you can get mentally refreshed. You need a break – you need to clear your mind and ready yourself so you that you can tackle next year.  Enjoy your time off: Set boundaries, Be guilt free for taking time off, Do not think about what waits for you, Enjoy the moment, and Set yourself free. Please connect...

Let’s wrap up 2022, but put off new ideas until next year. Enjoy your accomplishments, get some rest, enjoy your family, friends and colleagues, and put things in perspective. Season 13 will debut on January 10th. We will be talking about our focus, priorities, and goals for 2023. We are a primary source of inspiration and motivation for our team members. How we act and speak and make decisions se...

To prepare for 2023, I want you to work on your confidence, to take more risk, and to understand your self-worth even more. What do you bring to the table? What makes you unique in our profession? What value do you bring to the organization?  Believe that you are important to your team and to your organization. Believe that you can make a difference. Believe that you can be a leader.    Please con...

Episode #100: Did you know that as a finance and accounting leader you can have a great, positive impact across your organization? Finance and Accounting professionals do more than just analysis and record financial transactions. We help lead change. We bring reality with the numbers. We advise with critical insights and help to shape and execute strategy. Leadership is the ability to communicate...

Episode # 99: Are you willing to take more risk to ensure you achieve what you want in your career? Or…are you playing it too safe?  Taking risk is often a mindset issue where you can limit yourself and fear stepping out from your comfort zone. Get vulnerable, develop a plan and find the courage to go after what you want to move toward your long-term goal. No one is going to hand it to you so you...

Episode #98: Why did you choose to work in Finance and Accounting? Did you want to work with numbers? Did you think you would work mostly alone? Were you attracted to the leadership opportunities available? Was it something else or a combination of these? Whatever got you interested, I am urging you to ask yourself if you still maintain that passion you once had? Do you embrace and look forward to...

Episode # 97: How productive are you during the day? Is your day filled with distractions? Do you have set templates and use your available tools to make your workday easier especially for routine tasks? Having a productive day begins with our mindset. Use the tools you have available to make your work day more productive. Develop systems for routine work. Protect your time and your team and focus...

Episode #96: Are you facing a leadership challenge right now, or soon? Do you even know? Have you been complacent, or are you watching for the signs that change or a business challenge is imminent? When things are going well, it’s easier to lead, but when the business environment changes, it requires a more leadership emphasis from you. Be watchful for business and senior leadership changes and be...

We all need a reminder to believe in ourselves especially when it gets tough, that is, when you face a challenge and then doubt tries to settle in. We are all in a battle to overcome beliefs about our abilities in our mind. Limiting beliefs can take over our mind AND our spirit at any time, which then affects our ability to take risk and seize opportunities.  Please connect with me: 1. Instagram:...

Who you have in your inner circle matters. Who you have around you, and who you associate with regularly affects your mindset, how you approach life, your happiness, and the overall level of your mental, spiritual, and physical fitness. Who you let in your life matters, and it affects everything in your life. Please connect with me: 1. Instagram: stephen.mclain 2. Twitter: smclainiii 3. Facebook:...

If a crisis happened to you today, do you have a support system in place to help you through it? Who would you call? Who would help you? Having a support system in place is critical for surviving and overcoming an emergency.  Please connect with me: 1. Instagram: stephen.mclain 2. Twitter: smclainiii 3. Facebook: stephenmclainconsultant 4. LinkedIn: stephenjmclainiii Consider joining The Finance L...

Are you facing a challenge? If so, what are you doing to overcome that challenge? Does it require working with someone on a solution, or is it a challenge that you personally have to solve? Is it a mindset issue? Are you having trouble with a goal? Please connect with me: 1. Instagram: stephen.mclain 2. Twitter: smclainiii 3. Facebook: stephenmclainconsultant 4. LinkedIn: stephenjmclainiii Conside...

This week, I am sharing an encore replay from Season 9 - Episode 77: Five Pillars of Career Advancement for Finance and Accounting Professionals What does it take to advance your career? There are many decisions and pathways you can take. There are lots of choices, but how do you prepare yourself for the best chance of advancing to senior leader roles? In this episode, I will highlight the five pi...

I wanted to briefly talk about a trending topic that I have been seeing all over Twitter. You probably heard about it: Quiet Quitting. What does that mean? Well, it’s something that has been happening for a very long time, which is doing your job without probably doing any of the extras. Not going above and beyond. Just ensuring you are doing enough to keep your job. Please connect with me on: 1....

Episode # 95: A successful budget development cycle begins with clearly communicated expectations and coherently executed leadership. You must partner with other leaders to minimize conflict, meet senior leader guidance, and deliver a budget plan that is on target and makes sense. Ensure you apply the strategy to the budget development process to prioritize and maximize the committed resources. Ep...

Episode #94: As leaders in Finance and Accounting, we are asked to analyze problems constantly. Leaders solve the critical problems of the organization. We don’t let issues grow into bigger problems. The most difficult part of problem solving is to identify what the real problem is, followed by performing the analysis to develop viable options, and then deciding the solution which is best for the...

Episode # 93: This week it’s all about embracing, adopting and using artificial intelligence in our finance and accounting processes. I expect the early adopters to gain a significant competitive advantage as they shift from waiting on data to guiding a system with real time data that solves problems and affects decisions earlier in the process. Earlier than we ever thought we could. It’s time to...

We work with data every day in finance and accounting. The data leads us to insights and relevant information. This is why it’s important that our data is clean AND validated. The way to useable information is to ensure we have good data, but do you know what that means, and can you spot bad data when it shows up in your analysis? Know the data you are working with to ensure it leads you to the co...

Episode 91: Financial Planning and Analysis provides one of the most critical and powerful functions in the business. Are you resourcing and employing your FP&A Team properly? You need to be continually planning the team’s functions and capabilities as technology changes and the business grows. The FP&A function cannot remain static. It must be growing and changing as conditions change. Yo...

How do you want your team to interact with each other? Do you want to be all business all the time, more relaxed, or something else? As the leader, you set the tone for the team’s culture. The team’s culture determines how well everyone respects each other and works together. Don’t overlook the relationship of team culture and its overall performance.  Episode outline: What is Team culture? How te...

Financial Analysts help grow the business by digging in to the how and the why to financial transactions to find patterns and insights. These patterns can help find a way to leverage your offers to increase sales. Additionally, costs can be saved by finding efficiencies within the expenses.  Episode outline: Figure out the why and how regarding data around financial transactions, Help to validate...

Leaders must be self-aware of their thoughts, actions, words and behaviors so they are constantly working to build trust and develop their teams. Self-aware leaders know what is appropriate and what isn’t appropriate. Emotionally intelligent leaders can read the room properly that leads to a positive outcome. Episode outline: 1) The great leaders are emotionally intelligent, 2) Think before speaki...

A habit is a routine behavior that determines our productivity level and our work ethic. Our habits are closely aligned with our mindset and how we approach challenges. Do we embrace wanting to achieve excellence or do you become complacent? Our success is a combination of mindset and habits, plus leadership. I hope that you practice great leadership as the most important habit of all. Episode out...

Please enjoy this encore episode....You have assumed a new role at a new company. What are your first steps? What do you do first so you set yourself up for success? Those first few weeks can determine how well you know your role, and more importantly, who do you need to meet, what systems do you need to learn, and what are the details about the company’s culture. Your first actions in a new role...

Episode # 90: If you own a start-up or will be founding one soon, consider adding a finance leader to your team as soon as possible. You will have a teammate who can help you understand cash-flow and profitability from Day 1. They can help you instill financial discipline immediately and provide legitimacy for potential investors. A finance or accounting professional gives your team someone who ca...