- All decisions managers make have an impact on profits and cash flow. Managers who do not know the impact of their decisions on these can make decisions that have disastrous consequences.
- Managers who have no insight into finance tend to be intimidated by finance people at meetings. Having an insight into finance will give them the confidence to ask finance people pertinent questions, the ability to evaluate the answers they get and then make suggestions based on the business insights they have.
- Managers who have gained an insight into finance will be able to explain to their teams the reasons for decisions made by more senior management that will have an effect on the team. They will also be able to explain to their teams the reasons for the decisions they themselves make.
I demystify financials for groups of managers across all of Africa