Why Your Clients Need an Annual Financial Check-Up
- Monday, 17 August 2009
- Running a Firm
The best business people I know are always ahead of the financial data they possess; that is, the shrewdest people running businesses have an inherent understanding that good management decisions are based on what is going to happen rather than on what has happened. I have worked with hundreds of people who run businesses and the approach often makes no sense to the rest of us. Yet, there is clearly some reasoning that they use to gather information and break down complex decisions. This is an alien approach to those of us working with financial data because our job is to report on results.
There are many reasons that clients live in the future. Sometimes, this is how they are constructed as people Also, the best business decisions are based upon a careful review of future conditions, not on past conditions. Yet, business people need to understand the past in order to be able to make their futures happen. You cannot run a business without piecing together results and gaining insight from them.
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