From Survival to Strategy: The Stages of Financial Management

Just as organizations grow, so does... er, should their approach to financial management.

Let's break it down:
1. Survival Mode: The 'ol bakery till - counting cash at the end of the day, hoping there's enough to keep the lights on.
2. Performance Tracking: The finger in the air - getting a feel for how things are going and keeping up with legally required reporting, but that's about it.
3. Strategic Planning: The dashboard - comprehensive data analysis driving informed decisions and future growth.

As we progress through these stages, we're not just tracking numbers—we're reducing organizational drag and paving the way for exponential growth.

Amazingly, some of the biggest inhibitors to growth could be using old systems and processes past their usefulness.