In a similar way to how a few years ago I used to publish a daily acronym to help people memorise important concepts, new idea. A business related thought for the day. Each day I'll publish a new one (I have thousands, we won't go short) and people can discuss the idea for that day. or not, as they see fit. The idea though is that every day you ponder something which is perceived Wisdom. Not my own thoughts, I'm just choosing which one to publish (which means me rejecting those that I think are hocum and only publishing those that I think have legs). Hopefully they will help people to think a little outside the box (That in itself could be one of the thoughts... it won't be, but it could have been).
Consider the quotes in relation to your clients.
Todays thought for the day (quote from András Gróf, who was driving force behind development of the microchip and the growth of Silicon valley) :
"In business, only the paranoid survive".
Discuss...
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
30 views and not one comment!! Common people, dont just read the comments - dare to join in!!!!!!!
Healthy or a prudent paranoia is your minds early warning system - ignore it at your peril.
lol. Freudian slip there Joanne!!!! Go on, read it again and you'll see what I mean You jsut cant hide the bankers in us can you
Mornin honey buns,
I agree, the business owners who expect things to always drop into place and do not consider the true risks to their plans are to my mind those doomed from the outset to eventual failure no matter how successful their initial market offering.
I would go further and suggest that initial success can, in playing to the entrepeneurial ego, actually premeditate failure.
I would say that this thought for the day goes very much hand in hand with the line of thought that wishful thinking is not a legitimate business model.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
I usually get paranoid after finishing someone's accounts leading me to constantly double check my work which I don't think is a bad thing as it shows I care
However I have occasionally even opened the sealed envelope containing the accounts before I post them just to check they are correct which is stupid as I have exactly the same copy in my files
Posted while feeling paranoid in a dentist waiting room!!!
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Doug
These are only my opinions of how I see things and therefore should not be taken as advice
Is there a healthy paranoia? If there is that's probably a good thing but I've never heard of it. To me it has negative connotations, in business you need a level head and an ability to rationalise your thoughts. That's not to say you can't take risks as you get nowhere from being over cautious, as long as the risks are calculated ones.
Just my thoughts.
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John
Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
Is there a healthy paranoia? If there is that's probably a good thing but I've never heard of it. To me it has negative connotations, in business you need a level head and an ability to rationalise your thoughts. That's not to say you can't take risks as you get nowhere from being over cautious, as long as the risks are calculated ones.
Which is the point.
The healthiest businesses are those that assume the worst and manage risk sufficient to best position themselves to move forwards.
The worst businesses are those who simply assume that everything will work out for the best.
The key though is that the individual needs to have that healthy mix of entrepenerial spirit that allows them to move forwards but also to do so with care, laying foundations upon which to build with every step.
I think that as an example that fproves the rule the most paranoid out there who see the inherent risk in any venture are actually the accountants. We are a particularly risk averse bunch but that doesn't stop us leaving the sanctuary of permanent employment to start our own practices / consultancies. We just try to be prepared for all eventualities.
A good analogy for the mindset is to have a brollie and not need one rather than simply hoping that it will not rain.
András Gróf quoted in the first post also goes by the name of Andrew Grove (Americanising his Hungarian Heritage) if you need to look him up.
His full quote is :
Success breeds complacency. Complacency breeds failure. Only the paranoid survive.
Love it when we get an intelligent debate going
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Is there a healthy paranoia? If there is that's probably a good thing but I've never heard of it. To me it has negative connotations, in business you need a level head and an ability to rationalise your thoughts. That's not to say you can't take risks as you get nowhere from being over cautious, as long as the risks are calculated ones.
Which is the point.
The healthiest businesses are those that assume the worst and manage risk sufficient to best position themselves to move forwards.
Thanks Joanne
That's the bit I got hung up on. I've only seen the negative side of paranoia, and didn't know there was such a thing as healthy paranoia. So the negative side of assuming the worst is to never get things done.
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John
Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
30 views and not one comment!! Common people, dont just read the comments - dare to join in!!!!!!!
Healthy or a prudent paranoia is your minds early warning system - ignore it at your peril.
lol. Freudian slip there Joanne!!!! Go on, read it again and you'll see what I mean You jsut cant hide the bankers in us can you
Mornin honey buns,
I agree, the business owners who expect things to always drop into place and do not consider the true risks to their plans are to my mind those doomed from the outset to eventual failure no matter how successful their initial market offering.
I would go further and suggest that initial success can, in playing to the entrepeneurial ego, actually premeditate failure.
I would say that this thought for the day goes very much hand in hand with the line of thought that wishful thinking is not a legitimate business model.
Oh dear! Plus thank you Shaun for quoting it so that I could not sneak in with an edit! So sorry to all the common people out there. So sorry to all the uncommon people out there that I missed out.
Honey Buns
AKA
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Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
You jsut cant hide the bankers in us can you 
