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Saturday, February 13, 2010

Stop-Loss Limit - Business Investments

The business landscape is rapidly changing and redirecting is critical to the survival of business.  Recognizing that a business investment is headed in the wrong direction requires keen judgment and decisiveness.

  • Have a stop-loss limit for a criteria of abandonment
  • Budget nearer to current - quarterly is more accurate - annual may not resemble reality
  • Continuously prioritize risk and opportunities
"We are the creative force of our life, and through our own decisions rather than our conditions, if we carefully learn to do certain things, we can accomplish those goals." ~ Stephen Covey
Reference:
CFO