To be truly successful, a product leader cannot just focus on features and users. They must operate as the head of their product's business, with a deep understanding of P&Ls, revenue drivers, and capital allocation. Without this business acumen, they risk fundamentally undercutting their product's potential impact and success.

It's not enough to improve engagement or NPS. A product manager's job is to understand and articulate how that metric connects to a financial outcome for the business. Whether it's growth, margin, or profitability, you must explain to leadership why your product goals matter to the bottom line.

It is a product manager's job to understand the company's financial goals. Instead of waiting for leadership to share this information, great PMs take ownership by actively seeking it out. This means building relationships with finance and other departments to understand the metrics that truly matter to the business.

To build trust and deliver value, product managers cannot be 'tourists' who drop in on other departments transactionally. They must become 'locals'—deeply integrated, trusted partners who are regulars in cross-functional conversations and are seen as being 'in the battle' together with sales, marketing, and other teams.

Instead of tackling a massive six-month project, new PMs should focus on low-lift, high-impact wins. Shipping quickly builds trust and credibility with stakeholders much faster than aiming for perfection on a long-term initiative, which can leave a new PM 'walking on eggshells' until launch.

Product managers often fail to get ideas funded because they speak about user needs and features, while executives focus on business growth and strategic bets. To succeed, PMs must translate user value into financial impact and business outcomes, effectively speaking the language of leadership.

The ultimate sign of a product manager's influence is not receiving feature ideas, but being the go-to person for complex business problems. This indicates you are viewed as a strategic partner capable of diagnosing root causes, even when a solution isn't obvious.

Creating products customers love is only half the battle. Product leaders must also demonstrate and clearly communicate the product's business impact. This ability to speak to financial outcomes is crucial for getting project approval and necessary budget.

PMs at founder-led startups often fail to gain influence by jumping straight to strategy. The key is to first earn deep credibility by mastering the product, its customers, and the business. Only after you've demonstrated this command will a founder trust your strategic instincts. Don't skip the tactical work of earning your seat at the table.