To a lot of people working in large (and not so large) businesses, the word “Finance” means one of two things: the whole time-consuming, confidence-threatening mess of numbers associated with budgets, plans or – argh! – ratios (or even worse … Read More
A good workshop on business finance or business acumen helps participants develop a better understanding of financial statements – their structure, their interconnections, their uses and their limitations. This in turn creates better flows of information, better decision-making, and better … Read More
Good decision-making is impaired by two things: limited information, and by the decision-maker being too narrowly focused – especially when events or conditions are abnormal, or outside the decision-maker’s experience. This is confirmed by a study published in April 2012 … Read More
How do you make sure you are getting good information? And how do you make good decisions, especially when faced with conflicting data or forecasts? You need three things: Business literacy. A common language and common understanding of finance, because … Read More