General Pride? Dr. Hubris? Welcome to our Strategic Finance lesson
Wouldn't you know that after I'd just finished posting about the soldiers of the 7 Deadly Sins Army ... notably General Pride and his two prized henchmen, Major Envy and…
Wouldn't you know that after I'd just finished posting about the soldiers of the 7 Deadly Sins Army ... notably General Pride and his two prized henchmen, Major Envy and…
Someone recently told me that they’re bored by finance. “Don’t distract me with strategic finance stuff, just let me run my business the way I know how.”
“No problem,” I said, “if you’ll just answer one question. What if the way you’re running it is causing increasing strain on your financial resources, cash flow is dwindling and you’re destroying market value every year. Do you care about any of that?”
“Of course, I do, but when sales start picking up again, all of that will go away and my EBITDA will return to normal levels.”
“Really?” I said. “How do you know that?”
“That’s the way it’s always worked.”
“Have you had any problems with your banking relationship?” (more…)