To Be Successful, Make More Mistakes

That sounds a bit counterintuitive, but in a recent article by former CFO, John L. Daly, CPA, CMA, CPIM, about surviving an economic downturn, that’s the advice … and it’s sound. Daly emphasizes the wisdom of small evolutionary changes rather than large revolutionary transformations, and includes an insightful list of characteristics of companies that struggle in economic downturns.

The article is a five-minute read, but I took away a few really good nuggets regarding change, allocation of resources and the proper place for cost-cutting. Click here to take a look. Enjoy!