Safety in numbers

“Imperfect Futures” by Alix Stuart (CFO Magazine, 15 July 2009). What’s most interesting is how much of the science of forecasting is actually becoming more of an art. If extra time isn’t a luxury then jump to page 2 and read the section titled “Risk-Spotting” and continue right on through “Predictions: E Pluribus Unum”.

For those of you who might not have corporate type resources the take away here is that you should ask questions of your customers, of your suppliers and of your peers. Always keep your ears and eyes open. While 100% of the information might not be available 100% of the time the idea is to collect as much as you can before making a decision. Trying to do it all on your own is a level of risk that can and should be avoided.