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"Really sharp" leaders understand critical financials

Many recruitment leaders lack the financial nous to build a sustainable, saleable business, with three critical areas holding them back, an advisor warns.

Regular reviews of financial statements, cash flow and budgeting, and understanding how to interpret financial reports are "really critical" skills for all agency leaders, says Navigator Consulting MD Tony Hall.

And if they don't have these skills already, they need to learn them, he tells Shortlist.

Many recruitment leaders may not have strong financial acumen "because the very important traits that have made them successful are not necessarily the ones that are required to be great at financial analysis", Hall says...

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