Balancing life and study while aiming to become a CFO in a start-up can be challenging but achievable with the right strategies.

It's also worth highlighting that even if you get a CFO role, your learning doesn't end there.  I personally seek out new ideas, new strategies, keep updated with industry news, new regulations and automations.  

Here are practical tips and study areas to help you improve your skillset and build learning into your day.

Practical Tips for Balancing Life and Study

1. Time Management: Use tools like calendars and task managers to schedule study time. Allocate specific time slots during the day or week dedicated to studying.  
   I personally have an 2 x 1 hour slots in my diary for learning or reading.  I have moved these times around the calendar for when it best suits me (I have the energy and ability to focus) and suits the businesses I work for.
2. Prioritise Tasks: Identify the most critical tasks and focus on them first. This will ensure that you cover the essential areas without getting overwhelmed.
   This is essential when either you are studying for a qualification or you need to upskill quickly for something that your business needs.  I remember working for my first FinTech and I had to learn very quickly about the FCA and CASS requirements (client monies).
3. Set Realistic Goals: Break down your study goals into manageable chunks. This makes it easier to track progress and stay motivated.
   I have a folder full of articles and blog posts that I want to read.  Instead of leaving them in my inbox, I move them into this folder and when my allocated time comes up, I have a folder full of resources.  Personally, I don't like hourly reminders of articles I need to read.
4. Use Downtime Wisely: Utilise commute times or breaks to read articles, listen to podcasts, or review notes.  I also use audiobooks to get through business books while commuting.  I find it easier than trying to read a book.  Particularly as I have a 20 min walk to the station and often need to change trains.  
5. Stay Organised: Keep all your study materials well-organised to save time and reduce stress.

Study Areas to Focus On

1. Accounting Qualification: Obtaining a relevant accounting qualification is foundational. Consider certifications like ACCA, CIMA, or ACA to solidify your knowledge base.
2. Financial Leadership Fundamentals Program: Enrol in my Financial Leadership Fundamentals program designed to equip you with the skills needed for a finance director and a CFO role in start-ups. This program covers crucial areas such as adding value, fundraising, and leadership.
3. Industry and Subject Matter Blogs: Regularly follow industry blogs and subject matter experts to stay updated on the latest trends and best practices. This will help you stay informed and broaden your perspective.
4. Reading Books: Reading books on finance, leadership, and start-up culture is vital. Check out my book recommendations page for a curated list of must-reads.
5. Networking: Engage in networking opportunities to build connections and learn from peers. Refer to my recent post for detailed networking tips.

Fitting Study into a Business Day

1. Early Morning Sessions: Start your day with an hour of study before heading to work. This quiet time can be highly productive.  Especially if you have kids.  I'm currently writing a book and on days that I'm working from home, I like to have this one hour first thing.  Before I shower, before I eat breakfast (after coffee).  It's amazing how much you can get done.
2. Lunch Breaks: Use part of your lunch break for quick study sessions or to catch up on industry news.
3. Evening Routine: Dedicate an hour or two in the evening to review your study materials and reflect on what you've learned during the day.  Personally, I like 8pm - 9.30pm.  It's after the kids have gone to bed and it's just enough time to squeeze in some downtime before my bedtime.  I wouldn't do this every evening.  Once or twice a week is enough.
4. Weekend Intensive: Reserve some time during the weekend for more intensive study sessions. This can be a great way to cover larger topics in depth.   Saturday mornings or Sunday afternoons are my preference if I have something I really want to cover off.
5. Study Groups: Join or form study groups or networking groups with colleagues or peers. This not only aids learning but also provides motivation and support.

Balancing life and study requires some discipline and strategic planning.  It is very much like introducing an exercise routine.  Small habits and bit by bit it becomes part of your routine.

By following these tips and focusing on the right study areas, you can effectively manage your time and progress towards becoming a successful CFO in a start-up environment.

Want to fast-track your finance career growth?  Check out the steps in our Framework below to get started:

1. Sign up to our next workshop.
2. Work with me in the Financial Leadership Foundations course  that includes monthly Q&A sessions where we can discuss all of your questions and how to apply your learnings to your current role. 
3. Download the Upgrade your Management accounts course to showcase your skills as a finance leader to the Founder, leadership team and the Board.