Enjoy this series of shorts on Metrics from Jim.
Well-crafted metrics are a powerful driver of performance. Done even pretty well, they can provide a miraculous mix of recognition, motivation, and results. Done wrong, they damage motivation, drown direction in confusion, and dissolve the resolve that produces great organization results.
People who are highly sensitive to the lack of flexibility of traditional budgeting often see rolling forecasts as the answer. If we update our view of the future more frequently and don’t confine it to the financial year it is obvious that this will be more useful than traditional annual budgets based on the financial year.
So, you might think, forecasts are like budgets but done more frequently – right?
Moving into a leadership position changes your professional priorities. Success is no longer about your accomplishments; instead, you must create the kind of environment where others can achieve their success. Here are four traits that successful leaders share.
Enjoy this series of shorts on Cash and Bankers from Jim.
When the wind is blowing 30 miles per hour, windsurfers don’t stay home; they bring smaller boards and sails so that they can sail. That’s risk mitigation at its simplest. It’s easier to mitigate risk when someone else has figured it out. When they haven’t, the prize goes to those who can venture boldly and mitigate their risk at the same time.
Enjoy this series of shorts on Cash and Bankers from Jim.
The fourth truth, after drugs, sex, and rock-n-roll, is that we all want cash. (Credit cards are extended-release cash, if you must.) Accountants have made millions by making cash a mystery. It’s not a mystery, and you can master it.
