Finance for a Non-Finance Manager

August 12, 2010

Are you a non-finance manager who is learning to read financial reports for the first time?

Are you a startup CEO managing a finance professional for the first time?

Do you attend management team meetings where financial results are discussed and you don’t feel you can adequately participate?

You’re not alone! As a Boston-based venture capital firm that focuses on expansion stage tech companies, we work with management teams who are often hiring their first finance professional.

Check out this video where FinanceDog’s Joe Knight explains the basics of what you need to know.

For instance:

Do I need to understand debits and credits?

What is the difference between accounting and finance?

Am I playing a game without understanding the score?

Do the employees in my company understand how to drive the right performance to affect the right metrics that will help them reach their incentive goals?

Is there enough transparency around our company’s financial results?

You really don’t need to be a financial wizard or a CPA to be able to understand how to interpret financial reports, how to use financial metrics to drive improvements in your organization, and how to present and explain your company’s financial results and projections to venture capital advisors.

You do need to understand the basics…it’s never too late to learn! Check out this video and let us know what you think!