Business Financials: Look to the Future, Not Over Your Shoulder
Jul 30, 2018
We have eyes that look forward to where weā€™re going and whilst some people may say they have eyes in the back of the head, the reality is they donā€™t.
Ā
So why is it then, that when weā€™re looking at finances, we are continually looking backward and not looking to the future?Ā Pilots are at the front of the plane watching where the plane is going,Ā into the future, as they fly us around the world. Theyā€™re not looking behind them at where theyā€™ve been. The past is useful and has a place. Pilots use their experiences and lessons learned in the past to help them fly the plane into the future.
SO WE TOO SHOULD BE FOCUSING ON FINANCIAL FIGURES THAT ARE LOOKING INTO THE FUTURE WHILST USING THE HISTORICAL, PAST REPORTS TO GUIDE US.
People in agricultural businesses are great at doing this.Ā
Whilst they use their experience over the years, even decades, of growing and harvesting their crops, they are continually looking to the future to make decisions. Decisions like whether to grow the s
...Find out where the pressure is in your business
The Business Barometer will measure your business finances across three critical areas: Core Concepts, Focused Management and Planned Growth.