As I write this, we are approaching a very important date in the history of the United States. This may sound a little strange at first, but I choose not to celebrate the 4th of July. Don’t get me wrong, our offices will be closed and I will be taking the day off. However, I will be celebrating Independence Day, it happens to be on July 4th.
I feel we have developed a tendency to recognize, observe, and celebrate dates rather than the events that made the dates important to us. So, while I think it is important to remember the special events that happened on a date, it is even more important to recognize why that date is important.
These thoughts can carry into your business management, as well. Every day, week, month, and year we run a variety of financial reports to track how our business is operating. We look at a Balance Sheet and get a snapshot of the financial health of our business, but do we dig into it and determine what actually caused the changes on this report? We run an Income Statement, P&L, Statement of Farming Activities, or Statement of Revenue and Expenditures (depending on your type of organization), but do we take the time to drill down and determine why the business is heading in the direction it is?
Every country and business has events and reports that they recognize and review at certain times of the year. Let’s make it a point to remember the reason we are running these reports, and especially the reason we are celebrating these dates.
- Ken Hilton, President