CHAPTER 7

From the Vault:Financial Strategies toAccelerate Profits,Valuation, and Wealth

Flash reports: Why Waiting for Your Month-End Financial Statements is Like Reading an Obituary

“Dad, how many more miles? Are we there yet?”

As a parent, I can now answer that question by saying, “Check your iPhone, what does Google Maps say?” Now, they tell me how many more miles remain. So does the car’s navigation system, but it’s fun to teach the kids how to figure things out for themselves.

Flash reports are like your car’s GPS and tell you where you are, in real time, every day. Flash reports also empower employees to measure—and improve—their performance. You don’t want, and in fact can’t wait, for the month-end financial statements to tell you the ...

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