In order not to lose business due to the malicious intent of accountants and financiers, as well as due to banal laxness of personnel, all key financial issues should be resolved exclusively by the company's manager. No, he does not need to enter all the numbers, but he needs to understand every sign in the financial reports. This is especially true for profit and loss reports, cash flow reports and balance sheets.
The director is also responsible for all issues in the area of financial planning:
decisions on the cost of work;
approval of the commercial proposal;
coordinating promotions and discounts for clients, etc.
The director is required to overseas chinese in worldwide data personally plan large financial expenditures, hold regular financial meetings and analyze indicators. This requires experience, competence and the ability to make strategic decisions. This is one of the key responsibilities of the manager, which he has no right to delegate.
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Cooperation with strategic partners
Let's start with the fact that it is impossible to delegate tasks that require the personal presence of the manager.
If these are meetings with target partners, CEOs of other companies, then it is better not to delegate this responsibility to your deputy. Your colleagues will consider it disrespectful, and your reputation may be at risk. Maintaining business contacts and good relationships is a very important aspect of successful business development.
The manager’s task is to establish communications with the founders, attend meetings in a formal (or informal) setting, and conclude large contracts.
Production matters can be left to deputies, but meetings of the board of directors should not be missed. This is the only way to demonstrate the level of your competence and interest in business development.
Board of Directors meeting
Key decisions regarding cooperation with a particular partner should not be shifted to subordinates either. There is always a risk that the organization whose services you need will be dishonest. But these risks should be taken by the director, not his deputies or subordinates.