Tenzing Search was introduced to the Founder of Kavee in December at a critical moment for the business. As a rapidly growing start-up consumer brand, Kavee needed to make its first in-house finance hire, and quickly. The brief was to appoint a Senior Finance Manager who could bring structure, oversight and commercial insight to the finance function, enabling the Founder to focus on scaling the business and expanding into new markets. With the role reporting directly to the Founder and a tight deadline before the Christmas break, speed and precision were essential.
Networking isn’t just a skill, it’s an imperative for developing your career. The ability to build genuine connections, seek referrals, and stay abreast of industry trends is paramount. To support your career development, we’ll delve into tailored networking strategies aimed at senior finance professionals. The following five tips will help you cultivate relationships that elevate your career to new heights: Identifying networking opportunities Have regular meetings and conversations Focus on topics you’re passionate about Craft a successful personal brand Leverage LinkedIn groups Why should you grow your network? Investing time in growing your network of finance professionals can be the key to developing your career. Not only can connections result in new job opportunities, but also grow your existing knowledge of the industry. So, seize the opportunity, connect with purpose, and let your network become a catalyst for your continued success. Five top tips for growing your network Here are our top tips for expanding your network… Identifying networking opportunities For senior financial professionals, networking goes beyond the conventional. It’s important to seek out opportunities, including: Engaging in networking forums Attending exclusive events Leveraging your industry expertise to share valuable insights Each of these options are excellent for growing your networks and keeping up to date with the latest in finance. Engaging in networking forums Networking forums provide an exclusive space where industry leaders, experts, and decision-makers can share insights, discuss trends, and foster meaningful connections. Here are some of our favourites: AccountingWEB Realize UK Business Forums ICAEW Participating in these networks will help get your name out there and connect with other professionals in the industry. Attending exclusive events If you’re already active in industry communities, it’s likely that you’ll already be receiving invitations to exclusive networking events. However, if you’re not sure where to find event information, we highly recommend reaching out to finance recruitment agencies. Headhunters will often host these events themselves or will be able to connect you with people who do. Events are a great way to meet likeminded individuals, from whom you will be able to learn and grow. Leveraging your industry expertise to share valuable insights Sharing your knowledge and expertise on LinkedIn is a great way to grow your network. Contributing to conversations will boost your profile across the platform, allowing you to become discoverable by potential employers. Keep reading for more advice on growing your personal branding. Have regular meetings and conversations The world of finance moves fast, and so should your networking efforts. Be open to regular meetings with both industry peers and professionals from diverse sectors. Regular conversations will ensure you stay in the loop about market shifts and may lead to unexpected opportunities. Focus on areas you’re passionate about When networking, focus on topics that fuel your passion or areas you need to be educated on. Not only does genuine enthusiasm set you apart and resonate with fellow professionals but will also keep you motivated in your networking journey. Attend specialised events and join exclusive groups that align with your financial interests. Craft a successful personal brand C-suite finance professionals are in a unique position to craft a strong personal brand. With your extensive knowledge and experience of the industry, professionals should certainly be able to build a credible brand that employers will take notice of. Ensure your LinkedIn profile, CV, and professional platforms are not just up to date but also showcasing your expertise. Develop a weekly posting schedule and stay consistent with content creation to build a successful personal brand. Leverage LinkedIn groups Leverage the power of LinkedIn to amplify your networking efforts. Join high-calibre groups within your niche, actively contribute to discussions, and connect with senior professionals who share your ambitions. A robust online presence is vital for establishing your influence within the financial domain. Networking is key to career development Networking is a strategic investment in your professional future. These tips should allow you to start growing and developing your network of finance professionals. Remember, it’s not about quantity but the quality of connections that can influence high-level decisions and happy networking! For more support with your career development, contact Tenzing Search! Tenzing Search is a specialist Finance and Accountancy Search business. We specialise in Senior Qualified appointments across the UK and USA, focusing on both Interim and Permanent appointments across all sectors.
As we draw to the end of 2024, one trend that has been increasingly noticeable in the world of finance recruitment is the high turnover of CFOs and Finance Directors (FDs). Many of these senior leaders are being recruited only to leave within months, often without a new role lined up. This raises an important question: Why is this happening? Role Mismatch: Often, the role described in the interview doesn’t align with the actual job. This can occur when founders or owners aren’t entirely sure what they need, or when the role is exaggerated beyond what the business requires. Unexpected Financial Challenges: In many cases, businesses are less liquid than advertised, meaning what was sold as a “growth” opportunity quickly turns into a crisis management or turnaround role. Resistance to Change: Founders or owners can sometimes be unwilling to adapt or hear what needs to be done to achieve the goals they’ve set. For finance leaders, this becomes untenable. Volatility in private equity: Throughout 2023 and the first half of 2024, we saw substantial volatility in the private equity CFO talent market, with unprecedented numbers of CFOs leaving their positions midway through the investment cycle – 75% of our appointments in 2023 were mid-cycle. According to Bronzegate Unclear Business Objectives: If a business isn’t clear on its goals or direction, hiring a CFO or FD may occur prematurely, further complicating things. How can businesses avoid these pitfalls when hiring finance leaders? Here are a few key strategies: Be Transparent About Your Business’s Financial Health Ensure that all stakeholders, including founders, owners, and investors, are on the same page about the current state of the business—especially cash flow and growth trajectory. Misleading a candidate will only result in a quick departure once they see the true picture. Align on Expectations for the Role Before hiring a CFO or FD, make sure all decision-makers agree on the scope and purpose of the role. Is it a full-time role, or could it be handled by someone part-time or fractionally? Is this person expected to lead growth initiatives or fix existing problems? Defining these expectations upfront can prevent future disappointment. Leverage a Fractional CFO for Guidance Hiring a fractional CFO can be an excellent way to assess your true needs before committing to a full-time hire. Fractional CFOs can provide insight into whether you should outsource certain finance functions or bring someone in-house. Since you only pay for the time they work, it’s a cost-effective way to ensure you’re making the right long-term decision. Consult a Specialised Recruiter Recruiters who specialise in finance roles, like Tenzing Search, that can help you better understand what level of expertise is truly needed for your business. We work with companies of all sizes and can provide tailored advice to ensure you’re hiring the right person, for the long-term not just filling a vacancy. Ensure a Rigorous Recruitment Process A recruiter can offer a more in-depth hiring process, often meeting with candidates’ multiple times and conducting thorough interviews. At Tenzing Search, we map the market extensively to find the best talent—far beyond just posting an ad. We cover all bases to ensure you attract the right candidates and reduce the risk of a costly mis-hire. The Cost of Mis-Hiring: Can You Afford It? Hiring a finance director or CFO is a critical investment. Research suggests that hiring directly can cost between £7,000 and £17,000 in terms of advertising, time, and other associated expenses. More alarmingly, the cost of a mis-hire can range from £50,000 to £150,000. This includes lost productivity, missed business opportunities, and the potential cost of terminating the employment early. If a hire underperforms, businesses stand to lose between 30%-50% of the individual’s salary due to decreased productivity. These figures highlight just how crucial it is to get your hiring decisions right. How Tenzing Search Can Help At Tenzing Search, we offer a range of solutions to help businesses avoid costly hiring mistakes: Fractional CFO Placements: We can place a fractional CFO in your business to help guide your finance strategy, ensuring the right long-term structure and hire. Free Advice and Recruitment Support: We also provide free advice on how to advertise and market your finance roles effectively, ensuring you attract the best talent. We can even provide benchmark candidates to guarantee you’re seeing the most qualified professionals for your needs. Time Saver: Replacing a CFO can typically take six to nine months. At Tenzing, we know who is immediately available and pride ourselves on supplying candidates that we have met and qualified properly. Hiring a CFO or FD is one of the most important decisions a business can make. Given the high stakes, can you really afford to get it wrong? If you need guidance or advice on finding the right finance leadership for your business, reach out to us at Tenzing Search. It costs nothing to have a conversation, and it could save you from the significant costs of a mis-hire.
Tenzing Search was introduced to the Founder of Kavee in December at a critical moment for the business. As a rapidly growing start-up consumer brand, Kavee needed to make its first in-house finance hire, and quickly. The brief was to appoint a Senior Finance Manager who could bring structure, oversight and commercial insight to the finance function, enabling the Founder to focus on scaling the business and expanding into new markets. With the role reporting directly to the Founder and a tight deadline before the Christmas break, speed and precision were essential.
Networking isn’t just a skill, it’s an imperative for developing your career. The ability to build genuine connections, seek referrals, and stay abreast of industry trends is paramount. To support your career development, we’ll delve into tailored networking strategies aimed at senior finance professionals. The following five tips will help you cultivate relationships that elevate your career to new heights: Identifying networking opportunities Have regular meetings and conversations Focus on topics you’re passionate about Craft a successful personal brand Leverage LinkedIn groups Why should you grow your network? Investing time in growing your network of finance professionals can be the key to developing your career. Not only can connections result in new job opportunities, but also grow your existing knowledge of the industry. So, seize the opportunity, connect with purpose, and let your network become a catalyst for your continued success. Five top tips for growing your network Here are our top tips for expanding your network… Identifying networking opportunities For senior financial professionals, networking goes beyond the conventional. It’s important to seek out opportunities, including: Engaging in networking forums Attending exclusive events Leveraging your industry expertise to share valuable insights Each of these options are excellent for growing your networks and keeping up to date with the latest in finance. Engaging in networking forums Networking forums provide an exclusive space where industry leaders, experts, and decision-makers can share insights, discuss trends, and foster meaningful connections. Here are some of our favourites: AccountingWEB Realize UK Business Forums ICAEW Participating in these networks will help get your name out there and connect with other professionals in the industry. Attending exclusive events If you’re already active in industry communities, it’s likely that you’ll already be receiving invitations to exclusive networking events. However, if you’re not sure where to find event information, we highly recommend reaching out to finance recruitment agencies. Headhunters will often host these events themselves or will be able to connect you with people who do. Events are a great way to meet likeminded individuals, from whom you will be able to learn and grow. Leveraging your industry expertise to share valuable insights Sharing your knowledge and expertise on LinkedIn is a great way to grow your network. Contributing to conversations will boost your profile across the platform, allowing you to become discoverable by potential employers. Keep reading for more advice on growing your personal branding. Have regular meetings and conversations The world of finance moves fast, and so should your networking efforts. Be open to regular meetings with both industry peers and professionals from diverse sectors. Regular conversations will ensure you stay in the loop about market shifts and may lead to unexpected opportunities. Focus on areas you’re passionate about When networking, focus on topics that fuel your passion or areas you need to be educated on. Not only does genuine enthusiasm set you apart and resonate with fellow professionals but will also keep you motivated in your networking journey. Attend specialised events and join exclusive groups that align with your financial interests. Craft a successful personal brand C-suite finance professionals are in a unique position to craft a strong personal brand. With your extensive knowledge and experience of the industry, professionals should certainly be able to build a credible brand that employers will take notice of. Ensure your LinkedIn profile, CV, and professional platforms are not just up to date but also showcasing your expertise. Develop a weekly posting schedule and stay consistent with content creation to build a successful personal brand. Leverage LinkedIn groups Leverage the power of LinkedIn to amplify your networking efforts. Join high-calibre groups within your niche, actively contribute to discussions, and connect with senior professionals who share your ambitions. A robust online presence is vital for establishing your influence within the financial domain. Networking is key to career development Networking is a strategic investment in your professional future. These tips should allow you to start growing and developing your network of finance professionals. Remember, it’s not about quantity but the quality of connections that can influence high-level decisions and happy networking! For more support with your career development, contact Tenzing Search! Tenzing Search is a specialist Finance and Accountancy Search business. We specialise in Senior Qualified appointments across the UK and USA, focusing on both Interim and Permanent appointments across all sectors.
