Financial Performance

Get control of your finances, your business, and your lifestyle.

If you don't know where you are going ... how will you know when you get there? If your staff don't know where you are going ... how will they know how to help you get there? If you are going to run out of finance before you get there ... why are you going there anyway?

These may seem like very obvious questions; but so many businesses never stop to ask them, let alone answer them.

They are the hard questions in business that require you to be proactive and self-disciplined. Someone once said that "successful business people are the ones who will do the required work that others don't like doing". Are you prepared to do what needs doing, whether you like it or not? Will you articulate and nurture a plan for growing your business?

Studies show that on average 90% of self-talk is negative. Problems and self-criticism dominate our thoughts. Our brain functions in such a way as to bring to our attention whatever is related to those things that we choose to dwell on. So what we think about ultimately determines who we become. Our lives become a self-fulfilling prophesy, spiraling downward, or upward, depending on what we choose to program our brain to seek out. Accordingly, a Stanford University study shows that 85% of success is dependent on attitude.

Henry Ford put it well when he said 'If you think you can or you think you can't, either way you are probably right'.

Goals focus your mind. The subconscious mind has extraordinary abilities to solve problems; but only if you tell it to focus on the positive, on solutions. Constantly reviewing and refining your goals is a way of keeping your subconscious mind focused on achieving them. A study of Harvard Business School graduates demonstrates the importance of written goals to achievement. The 3% of students who had written goals went on to own 95% of their class' combined wealth 20 years later.

Constantly reviewing and refining your organizations financial forecasts is a way of keeping your people's minds focused on achieving them. Most of what a business tells itself comes from financial analysis and interpretation. Yet most business owners spend more time planning their holidays than they do planning their business. As a result, most employees spend more time complaining than they do finding solutions.

Does your accountant measure failure, or do they influence you and your staff to succeed. Are they proactive or reactive. Do they focus on helping you grow revenues, or just point out that you need to reduce costs. Are they encouraging financial goal achievement, or emphasizing actuals and shortfalls. Does your forecasting get beyond numbers on paper? Is their a regular, monthly process of reviewing and refining financial plans and forecasts to make sure you achieve them?

Your mind, and your business, is like a garden. Weeds will grow on their own. You must actively tend the garden of your mind, and the minds of your staff, and continually plant the seeds of positive thoughts and outcomes. If you don't work at feeding positive goals, attitudes, thoughts, and financial forecasts into your collective subconscious minds, life's negativity will have sway over your lives and the financial fortunes of your business.

Use financial forecasting tools - including benchmarks, sensitivity analyses, budgets, and KPI's - to articulate and give visual definition to your positive goals.

Edensilk consultants have expertise in a number of techniques and related software tools, to facilitate your team in a continuous process of goal setting, review and achievement, so that you can stimulate and manage the growth of your business.

Print