Popular posts from Glen Feechan's Not Just Numbers blog - The blog for those who know it's not just about the numbers. Typical content included is primarily Excel tips and other comment relevant to those responsible for finance in their business. Glen develops spreadsheets for clients all over the world via needaspreadsheet.com and helps accountancy practices to make better use of Excel through his Excellent Accountancy business.
5 Lessons I didn't learn until I ran my own business
When I worked in other people's finance departments I thought I knew everything about business. When I set up my own consultancy business nearly 10 years ago, there was no stopping me. Some lessons can only be learned the hard way. I thought it might be worth picking out the areas where my thinking has changed dramatically in the last 10 years.
All of the lessons below have been learned since I set out into the wild world of business as that fresh-faced, and incredibly naive, 30 year-old. Education can be very expensive!
I will elaborate on some of them in future posts but for now I just want to put them out there and see what others think - particularly those still working in finance departments.
Lessons I didn't learn until I ran my own business:
- The salesmen and women were right. Sales must come first.
- Flexibility is far more valuable than you think.
- It's not about how you look - it's about what you do.
- Cash flow and profitability must come before any other ambition you have for the business.
- Never mistake an overhead for a sign of success.
Please comment below whether you agree or disagree. It would also be interesting to know which perspective you are coming from - i.e. whether you are running your own business or not.
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