Our Guest Mentor:
Andrew Codd is the producer of the Strength in the Numbers Podcast which aims to create more influential finance professionals worldwide who solve meaningful problems for their organisations and in return have fun, rewarding and successful careers in finance.
Andrew has improved the financial success of many well-know brands during his 18 year career and nowadays helps owner-managed businesses make more money, do more business and better manage their risks so that they achieve sustained profitable growth more quickly and less painfully. He has also authored a category best selling book on finance business partnering and regularly give lectures and workshops training finance teams around the world.
Andrew lives and works from the southwest of Ireland and holds the designations of CGMA, ACMA, an MBA in Finance with distinction from Manchester Business School, a BComm, summa cum laude, from UCC, and is also a certified mind coach.
Key Quotes From the Episode:
“[On the importance of people] Ultimately business is about people and it’s about bringing people on a journey and an experience.” [05:58]
“[On the point of giving extra] I always feel it’s important to do that little bit more, so that we not only develop ourselves, but that we’re always just adding that little bit more value to everyone else around you, giving them a really good experience, and the it’s like raising all ships at the same time.” [07:52]
“[On the impact of our Finance training] … it’s taking that great technical knowledge we learn and that we can offer to our organisations and it’s not just our organisations because prosperous businesses lead to prosperous societies, in the way that businesses pay taxes, in the way that our economies are run by numbers, in terms of the financials but also giving people jobs and employment opportunities to make a difference.” [09:43]
“[On his approach to developing insights] When I work on anything I turn it into a game to figure out how much I don’t know and how ignorant I am of my own ignorance . . . and I’m not frightened to say I don’t know.” [14:40]
“[On how finance professionals can be heard and understood] First seek to understand then be understood and that’s a lot of what we do in Finance, we obviously want our viewpoint to be understood, but the most effective way to do that is to take a genuine interest in other people and invest the time to seek to understand, what it is that they think they have, what it is that they want, because the difference between haves and wants give us gaps that if we close these gaps we can go and add some value to people.” [21:32]
(Other resources and how to connect with Andrew below).
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Key Points From the Episode:
- The key event that lead to his last ever job application.
- When Andrew realised the importance of helping others to grow together, and in effect be the rising tide to lift all ships.
- Andrew touches on some of the key assets we have in Finance.
- The game he plays to enhance his knowledge.
Time Stamped Show Notes
[02:15] – Andrew shares his career journey from Sales and then onto leading finance teams.
[06:30] – The key event that lead to his last ever job application.
[08:22] – When Andrew realised the importance of helping others to grow together, and in effect be the rising tide to raise all ships.
[11:50] – The knowledge sources Andrew draws on for supporting commercial decision making.
[13:15] – Andrew touches on some of the key assets we have in Finance.
[14:00] – The game Andrew plays to enhance his knowledge.
[15:30] – The current area exciting Andrew the most.
[18:17] – Andrew shares the driving reason behind him launching the SITN show an why he puts the effort in each week to producing it.
[20:57] – Key resources Andrew would recommend listeners and best bit of advice.
[25:15] – How best to connect with Andrew.
[26:10] – Parting thoughts from Andrew.
- Free Value Creation Potential (Assessment Web Portal App)
- How to win friends and influence people, by Dale Carnegie
- The Audacious Finance Partner: Reveals The Key Factors and Skills for Business Partnering Success, by Andrew Codd
- FP&A Trends (website)
- Generation CFO (LinkedIn link)
- Business Partnering Institute (website)
- Outperformer (website)
- Future of Finance Free Resources & Papers (website)
- AICPA-CIMA (website)
- com Portal (website)