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Your First 90 Days for Startup Finance Leaders.

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02

Day 0 to day 30: Understand the business

Goals
  • Start building relationships.
  • Compile business goals.
  • Understand how the business operates.
Nadia says that the primary goal for your first 30 days is to understand the business. You can’t make plans or implement tactics without a solid understanding of how the business operates and how requirements will change as the company grows.

You also need to use this discovery process to build relationships with major stakeholders, everyone from department heads and executives to star-individual contributors that can explain the key levers that drive growth.

Start building relationships
“As a first finance hire and leader to the team you want to understand the needs, priorities, and requirements from the finance team to help the business grow. This is impossible without strong relationships with people in the company.”

Compile business goals
“Sit down with leadership team,” Nadia says, “and understand where the business is heading. You want to walk away from these meetings with a clear idea of what the founders want from the business in the next year to five years.”

These business goals set the requirements for the finance function. Once you know where the business is going, you can start planning how to build out the finance operations to support the company as it scales.

Understand how the business operates
Gather as much information as possible from the different stakeholders in the company and understand how the business delivers value. “It’s ideal to keep conversations with stakeholders open,” Nadia says, “and just ask questions about how they’re operating at the moment.” She also suggests meeting with someone from every team so get a holistic idea of how the company delivers value. Dig into everything from engineering to sales and operations.
The goal is to approach the business from different angles — from engineering to legal to marketing — to build a holistic picture of how the company works.

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Your First 90 Days for Startup Finance Leaders.

Trusted by finance teams at all stages

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02

Day 0 to day 30: Understand the business

Goals
  • Start building relationships.
  • Compile business goals.
  • Understand how the business operates.
Nadia says that the primary goal for your first 30 days is to understand the business. You can’t make plans or implement tactics without a solid understanding of how the business operates and how requirements will change as the company grows.

You also need to use this discovery process to build relationships with major stakeholders, everyone from department heads and executives to star-individual contributors that can explain the key levers that drive growth.

Start building relationships
“As a first finance hire and leader to the team you want to understand the needs, priorities, and requirements from the finance team to help the business grow. This is impossible without strong relationships with people in the company.”

Compile business goals
“Sit down with leadership team,” Nadia says, “and understand where the business is heading. You want to walk away from these meetings with a clear idea of what the founders want from the business in the next year to five years.”

These business goals set the requirements for the finance function. Once you know where the business is going, you can start planning how to build out the finance operations to support the company as it scales.

Understand how the business operates
Gather as much information as possible from the different stakeholders in the company and understand how the business delivers value. “It’s ideal to keep conversations with stakeholders open,” Nadia says, “and just ask questions about how they’re operating at the moment.” She also suggests meeting with someone from every team so get a holistic idea of how the company delivers value. Dig into everything from engineering to sales and operations.
The goal is to approach the business from different angles — from engineering to legal to marketing — to build a holistic picture of how the company works.

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Jason Lopez, Controller at Lattice
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