Greetings!
Many of us finance and accounting folks are notorious for  looking in the rearview mirror. Although it is important to reflect on the past, learn from mistakes, and measure results, it is more important to keep looking forward. The end of the year is one of the best times to take advantage of some quiet time in your business, reflect on this roller-coaster year, and determine how you will position yourself for the upcoming year. |
Looking in the Rearview Mirror- Lessons from 2008
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The year 2008 may
not be one that most of us want to remember. Yet, before we take a step
forward into 2009, we should look back at the following financial
lessons
that 2008 holds for us:
Even small businesses need an
emergency fund.
Lesson #2:
Play defense with a good offense.
What does Peyton Manning have to do with making payroll and paying the rent? [Read on]
Lesson #3:
Have a plan, have a plan, have
a plan.
A shabby retail store, wicker furniture, and Chinese manufactures can teach us all how not to sweat the recession. [Read on]
Lesson #4:
Speedboats vs. Barges
I love this analogy that my colleague uses. Here are some tips to avoid layoffs in your business. [Read on]
While 2008 provided many more
lessons than the four cited above, taking a moment to reflect on the past will provide clarity in the vision for the future. A quote from George Santayana sums it up the best, "Those who cannot learn from history are bound to repeat it."
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HAPPY NEW YEAR FROM PROFIT POINT CONSULTING
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A New Year brings new beginnings, new opportunities and new friends. We thank you for a wonderful 2008 and wish you much prosperity, health and good fortune in 2009!
Warmest Regards,
Anna Masker
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