The 5 Types of People Needed on a Startup Finance Team
They say variety is the spice of life, and that's definitely true when it comes to building a finance team for your startup. Knowledge and skills are vital, but just as important is getting the right mix of personalities to make the work fun and rewarding. Let’s look at a few of the typical personality types and what role they might play... you might just find a few characters you recognize!
The Chief Finance Officer is the big dog of the finance team. They've usually been around the block a few times, and they are in charge of your company's financial strategy. You might joke about how the power has gone to their head, but at the end of the day, everyone has a lot of respect for their experience and insights.
Head of FP & A
This is the team member who somehow seems to be good at everything, so you can forgive them if they might be a bit of a know-it-all. From setting up office computers and security to ordering office supplies, the role of Head of Financial Planning & Analysis gives them a chance to indulge their nerdy side.
VP of Sales & Finance
The stereotype of a salesperson is that they ooze confidence and charm, and that's exactly the type of person every startup needs as the VP of Sales and Finance. This person will be smartly dressed and always ready with a cheesy motivational quote. It might be a little much when you're feeling worse for wear, but no-one keeps the team spirits up like the sales manager.
Nothing beats hands-on experience, and industry veterans have it in abundance. This person might be seen as a “fuddy-duddy” by those with a passion for the new business, but everyone looks to the company Controller in a time of crisis. Sometimes, this person is recently retired but missing the game, so this job gives them another swing of the bat.
VP of Finance
This person is often the eccentric genius in the group. Their quirky behavior might be confusing at times, but every team needs someone who asks the hard questions to make sure all elements of the business are properly set up. They’re passionate about getting things right and highly skilled in overseeing financial operations.
Now you've read the clichés about the different members of a finance team, do you think your startup staff fits the stereotypes?
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