Improving financial performance requires some form of change. Sometimes a small change and sometimes a really big change.
Steve Morlidge and Steve Player state it very nicely in their fantastic book Future Ready.
"We've already established that the purpose of forecasting is to help 'steer the ship'. By providing information about the likely future position, we can decide either to do nothing different, or we can change our plans, and so, 'change the future'. You can only do this by doing something different, and doing something different usually involves some combination of:
- Stopping an existing activity.
- Starting a new (unplanned) activity.
- Speeding up a planned activity.
- Delaying a planned activity.
- Changing a planned activity."
What's one change you should seriously consider in your business that could help you improve profitability and cash flow?
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