AcctTwo Blog

Thursday Theories: 15 Great Approaches to Business and Life

August 03, 2017
Posted by: Anthony Della Selva

Category: Thursday Theories

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Leap the Pond Intacct Thursday TheoriesToday I’m excited to introduce a new series, Thursday Theories, on our blog. Thursday Theories will explore various philosophies and perspectives from financial, accounting, software, and business sources. I’ll offer my viewpoint and I hope you do the same! If you find anything intriguing, please leave me a comment.

In our first installment, I recently read an article from Business Insider that discusses 15 great approaches to business and life. What really resonated with me was the theory that you need to weigh short-term vs. long-term payouts. In my role as Leap the Pond’s Customer Account Manager, I am constantly speaking with our Sage Intacct customers that have a diverse set of needs; some are short-term and some are long-term. Sometimes seeing the big picture and knowing when to focus on the long-term vs. the short-term can be difficult. Improving your immediate needs is very tempting, and sometimes makes sense, however, your long-term goals might be more important. I know that in my case, I only have so many hours in the day and that leads to me prioritizing in three categories: today, tomorrow, and future growth. Do you find yourself focusing more on short-term or long-term payouts?

This article was full of so much information, here’s the full list of theories: 
  1. Humans respond best to motivation theory
  2. Balance deliberate and emerging strategies
  3. Allocate your resources wisely
  4. Know what drives disruptive innovation
  5. Weigh short-term vs. long-term payouts
  6. Define good and bad capital
  7. Don’t sequence investments
  8. Beware of the traps of marginal thinking
  9. Figure out exactly what consumers want
  10. Test assumptions before taking action
  11. Never outsource the future
  12. There’s an invisible hand behind everything
  13. Commit 100 percent vs. 98 percent of the time
  14. Prevent mistakes with a statement of purpose
  15. Test theories by looking for anomalies

Click here to read the full article. I hope you enjoy these as much as I did, and let me know what stood out to you!