The following is based on a section of my new book, “How to Have a Wildly Successful Career in Compliance,” which will be published on June 19th! Pre-order is available HERE.
Know the Numbers
Does this joke sound familiar to you? “I got into compliance because I don’t do math…” It’s a variation of the “Since I can’t do math, I went to law school,” retort, but for many of us, we think it’s true. It doesn’t have to be though, and to advance your career at the fastest possible rate there are numbers you need to know. These include:
What is our Stock Price or Forecast?
It’s critical to know where the business is now. If you’re publicly traded, it’s easy to see the movement of the stock price. Just Google the company’s name and “stock price,” and you’ll get a graph of the stock’s movement over the past five years. If it’s up, congratulations! Your management is probably happy. If it’s trending downward, you may be in for a bumpy ride.
If your company is not publicly traded, try to find out how the company has been doing. Has it been paying bonuses? Has it been giving raises? Has it been laying people off or
restructuring? Try to find out all you can about the current state of the business and where it hopes to go financially.
What is Our Revenue?Read More