Where the Balance Sheet is Blind

Larry Janesky: Think Daily

While the value of assets is shown on the Balance Sheet, your most valuable asset is not.

Can you guess what it is?

It’s your people. Trained and experienced people are not shown at all on your Balance Sheet. If you have them, and a healthy positive culture they work in, it is of great value.

Let’s say things are rolling along great and your customers are being served well by your wonderful experienced employees who know their jobs and want to be there. Now let’s say on August 31 they all leave the company. On August 31, your Income Statement says you made a healthy profit in August, and your Balance Sheet has grown a bit from the month before. But what are the chances that September will be any good?  

Slim.

Develop your talent. Train them. Motivate them. Don’t de-motivate them. Have contests and keep score on what is most important for their performance. Help them succeed at your company. Make them feel like winners.

Without good people, you’re done. A leader is not needed without them.

Andrea

You meant to say without other people we are left alone? Regardless what ones main function is at a company we all are leaders in our own way. We have the power to lead each other to become a better greater version of ourselves or we can lead one to realize their mistake and help them overcome it. The choice of action is yours (mine) alone.

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