Use internal resources to build your knowledge and that of your team. Have someone from finance to give a financial update. In our forum, the head of Investor Relations came to one of their team meetings to review key figures and why they are important. The Investor Relations department will have great financial information in a digestible format. And find an internal financial mentor or coach that can explain financial terms and translates them into meaning for you. See how others successfully use and present financial data. Keep your eyes and ears open for new sources and ways of learning. Consider stating to your colleagues that you are focused on building this skill, and demonstrate it when you do.

Once you know the numbers, brand yourself as having financial acumen by effectively communicating it. Present a business case, or return on investment analysis, for any new projects, investments or ideas, whether or not it is required. Be able to quickly and concisely explain your work and projects’ importance in financial terms, and how it equate to the big picture. Develop clear graphics to communicate financial results. Since many don’t have this knowledge that is so necessary for promotions, you will stand out amongst your peers no matter what your level.

What have you learned? What can you share? Send me an email at: mcook@ageos1.com

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