Blind faith can be a wonderful thing if you’re buying a lottery ticket, but it can be dangerous if you are relying on it to operate your business safely.
Closing your eyes to the financial reality of where you are at and letting your business run itself — without clear key performance indicators from your financials (KPIs) and a business plan — is asking for trouble.
Your financials are the engine that drives your business forward. Your financial statements — and the KPIs you glean from them — serve as the dashboard that lets you know if you are heading in the right direction. Ignoring the gauges and warning lights in your financials is akin to sitting back and simply waiting for the inevitable crash to happen in your business.
See full article: http://mvb.me/s/0b9a58







