20 CFO secrets for new CFOs: 1. Stay on top of the latest CFOTech tools. 2. Make sure your financial data is secure. 3. Be open about financial ups and downs. 4. An Ivy League degree is not a requirement.? 5. Encourage new ideas in your finance team. 6. Keep an eye on worldwide economic trends. 7. Be a key player in company strategy meetings. 8. Use financial reports to help grow the business. 9. Understand your customers and the market well. 10. Set up reliable systems to manage financial risks. 11. Work with outside auditors for a fresh perspective. 12. Push for better and more efficient ways of working. 13. Watch your cash flow just as closely as your profits. 14. Balance saving money with making wise investments. 15. Trust your team, but always double-check the numbers. 16. Stay strong and adaptable during economic hard times. 17. Make sure budgeting and forecasts are always up-to-date. 18. Get a good grasp of your company’s day-to-day operations. 19. Use key financial metrics to guide your company’s performance. 20. Connect with other department leaders to sync financial and business plans. These secrets are collected from real-life experiences. I hope it can be invaluable for new CFOs. P.S. If you like this post, follow me, Wouter Born, for more CFO insights.