One of the things I truly enjoy about what i do is that I meet with intelligent, capable, and personable people. Daily.
Yesterday I interviewed an experienced financial professional that was coming off a difficult mandate with a company that was going through a restructuring. He said:
"It's so simple. When a company's financial systems don't work, it is hard to see where the problems are. And once you clean it up, it is usually too late.
In all my experience, I have never seen a company in financial difficulty that had the information they needed to make good business decisions."
Lessons Learned:
- Implement a financial system properly, the first time.
- If you have problems with your financial system, fix them before it's too late.
It really is so simple.
