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Are you sure you’re ready for exponential growth? Getting your mindset right to transition from business owner to CEO.Are you prepared to give up some control and trust others to help you build? As well as ensuring all your systems and standard operating procedures have been documented and are in place, you will need to ensure your financial reporting provides you with the feedback you need to run your business.
Many years ago before I qualified as an accountant, I trained to fly Helicopters in the Royal Navy. One of the training exercises my instructor put me through was to fly into a cloud so we lost all external references, get me to pull my helmet visor down with the cover on, so I couldn’t see the instruments, and then have me to tell him what I thought he was doing with the aircraft! Even though I know the laws of physics prevented the helicopter we were flying from going upside down, I could have sworn from the feeling inside the cabin, that’s exactly what he was doing. In fact he was flying the aircraft so well that he could simulate the feeling of being inverted and without the visual inputs or access to the flight instruments I was completely taken in. Similarly with your business, if you’re not seeing the outside world and not reading the dials from your financial reports you won’t be able to tell if your business is going in the right direction.
You could be flying upside down for all you know!
By IBGR onAir Talent Russell ColbourneAre you sure you’re ready for exponential growth? Getting your mindset right to transition from business owner to CEO.Are you prepared to give up some control and trust others to help you build? As well as ensuring all your systems and standard operating procedures have been documented and are in place, you will need to ensure your financial reporting provides you with the feedback you need to run your business.
Many years ago before I qualified as an accountant, I trained to fly Helicopters in the Royal Navy. One of the training exercises my instructor put me through was to fly into a cloud so we lost all external references, get me to pull my helmet visor down with the cover on, so I couldn’t see the instruments, and then have me to tell him what I thought he was doing with the aircraft! Even though I know the laws of physics prevented the helicopter we were flying from going upside down, I could have sworn from the feeling inside the cabin, that’s exactly what he was doing. In fact he was flying the aircraft so well that he could simulate the feeling of being inverted and without the visual inputs or access to the flight instruments I was completely taken in. Similarly with your business, if you’re not seeing the outside world and not reading the dials from your financial reports you won’t be able to tell if your business is going in the right direction.
You could be flying upside down for all you know!