The power of compounding in FP&A
Einstein called it the 8th wonder of the world.
Warren Buffet attributes his success to it.
Here is what FP&A Managers can learn from it:
We are talking - of course - about compounding.
It’s one of the most potent forces in nature.
But it’s not just about seeing interest returns accrue to a large amount of money over time.
You can make use of the powerful effects of compounding by creating the right habits.
Consider what impact it will have to do this every day:
1) Change one hard-coded cell in your report to a formula
2) Ask one of your cross-functional colleagues what they are working on
3) Look up one tip about communicating better
By building these three simple habits, you:
-Eliminate manual work, so you can focus on what moves the needle
-Build business understanding, so you know which financial analysis will move the company forward
-Learn how to confidently deliver your presentations, so leaders take action.
If you’d like to learn more about FP&A, I offer help in three ways:
1️⃣ Watch my free FP&A Masterclass.
2️⃣ Subscribe to my free newsletter, “FP&A Tuesday”.
3️⃣ Join my live online course FP&A Bootcamp to truly master FP&A.
