The business development company sector is a fast evolving facet of the financial marketplace. It is imperative that you stay abreast of the news, or you could fall behind. As a member of the board, CFOs specifically, you can’t miss the latest comings and goings. If you do, you are not only disserving yourself, you are stunting the performance of your BDC as a whole. How does one stay up on the latest news while juggling the daily ebb and flow of the company? To best position myself and Saratoga Investment Corp., I employ key initiatives that provide me the time to catch up on current events without any work falling behind. This includes placing a significant level of investment on emerging talent, and networking on behalf of myself and the company. …show more content…
Your team is vital not only to the success of your BDC’s operations. It is vital to taking some work off your plate so you can focus on the road ahead. With a bit of time freed up, you can now focus on the news and determine how these developments factor into your plans. Use your leadership to delegate some responsibilities. This is perfectly acceptable as long as you aren’t passing off work that requires a CFO’s particular insight. A good leader knows what their team can take on. Even if they aren’t sure, this can serve as a great low-risk opportunity to find out. You aren’t asking the world from them. Rather, you are asking them to take on some higher level responsibilities while you focus on the development of the brand and industry. It provides those teammates with career-building experience while you get to focus on other areas of need. If you aren’t relying on your team, I can’t stress enough the need to do so. In doing so, it leads me to my next point: Developing