#033: Monday Memo: How the ancient art of Kintsugi helps Finance unlock value in your business

Kintsugi (“golden joinery”) is the Japanese art of repairing broken objects with a precious metal such as gold. Instead of hiding such cracks and imperfections they are accepted and it’s acknowledged repairs will need to happen from time to time. And once these flaws are fixed they are then regarded as a unique piece of the object’s history which adds to its value. Similarly, as part of our roles in finance we report out and analyse where cracks our businesses might be occurring, if there are variations to plan, last year, forecast, if there’s compliance issues or even if there are bottlenecks appearing in the value chain that we may need to bring to the attention of others, intervene on to help fix so that they contribute more value back to the business. In this episode I share 3 methods to borrowed from kintsugi to deconstruct and unlock value in our business' value chains. If you liked this episode check out our other interviews with guest mentors, blogs, videos and more resources at sitnshow.com

Om Podcasten

The #SITN Show (www.sitnshow.com) is a popular accounting & finance podcast listened to in over 150+ countries around the world. Getting an accounting qualification or finance certification is one of the best things to do to make a difference in our society. It potentially gives us a position from which we can help businesses make better decisions for the good of their customers, suppliers, communities, colleagues and yes owners and other financiers too. We can help increase the opportunity for all. So #SITN was established to leverage the value of mentoring: 1. To elevate the influence, impact, value, and difference we make for our organisations; and 2. To have more fun, rewarding, and meaningful careers in accounting & finance. In this way we make it more accessible to everyone in our profession, regardless or geography, professional affiliations, status, gender, etc… The fundamental premise of #SITN is that despite for all the challenges our profession is facing into, the seemingly accelerating rate of change, the new digital technologies and business models, we still have the ability to share with each other practical advice & experiences on what works well and what doesn’t, so that we can all plot better paths forward. Every Thursday we release a professionally produced podcast with a 30- to 40-minute interview that has been recorded with a guest mentor relevant to the finance & accounting profession. These guest mentors share their real success stories and hard-won lessons which are not found in any textbooks or on LinkedIn profiles. Together with the interviewer they deconstruct their experiences into the key strengths, qualities and practical ‘baby’ steps that others can also follow. On Mondays there is the popular #SITN Monday Memo which is a 5-minute debrief on a topical issue or useful piece of practical advice in accounting & finance. The show is accessible via: iTunes; Stitcher; Spotify; YouTube; and Soundcloud, with detailed time-stamped show notes, key quotes, resources & ways to connect with guest mentors at www.sitnshow.com.