The rearview mirror in an automobile is a helpful feature in keeping you safe on the road. It helps you see dangers that may be lurking behind you.
In fact, we generally have three rearview mirrors (and only one windshield). It would be foolish to drive without your rearview mirrors.
But you’ll notice the rearview mirrors are very small. And the windshield is very big. For good reason.
You need a clear view of what’s in front of you to get where you are going safely.
And the faster you’re going the more important it is to have a clear view of the road ahead.
The Role of Financial Statements
The interesting question is “What role do your financial statements play in helping you create the view through the financial windshield of your business?”
Most business owners get the answer wrong.
This blog post talks about the role of financial statements in providing you a clear picture of where your business is going (financially speaking).
NOTE: You can grab a copy of my newest book at Amazon.
A Quick Start Guide to Financial Forecasting: Discover the Secret to Driving Growth, Profitability, and Cash Flow Higher provides a straightforward, easy-to-understand guide to one of the most powerful financial tools in business: a reliable financial forecast. It will transform the financial future of your company and help you make better business decisions. Get the book at Amazon.
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