The latest in a series of Brexit deadlines is January 31. With no plan for departure left in place, a lot of companies are taking matters into their own hands, reaching out to their contacts and making plans for what might come to pass.
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What comes to mind when you think of successful companies? Do you picture charismatic leaders, sales figures, or an unbeatable array of products and services? Today, James and Garret discuss a thought-provoking article by Jason Cohen about the one thing successful companies do.
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While most companies review their budgets on a regular basis, many of them underestimate the strategic value these meetings can contribute to their company. Instead, they simply view these reports as static updates with little value to add.
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When it comes to evaluating the performance of your company, you need to generate quality data and know how to make sense of it. It’s easier than ever to generate data, but the amount of data can sometimes be overwhelming.
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Some people knew exactly what they wanted to be when they were young. They may have dreamed of being astronauts, teachers, or professional athletes. You may even know someone who is doing something they dreamed of doing as a kid.
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In our previous episode, we shared five different types of budgets you can use to understand the finances at your company. While these budgets can do a lot to shape the way people think about your company’s finances, they won’t do much good if they don’t lead to action.
Most successful managers know that you can’t make fiscally sound decisions without checking the numbers. In an effort to help managers make wise decisions, companies put a budget in place and check it against the numbers. If you have the numbers and the budget, you might be tempted to think you have all the information you need.
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