Those who can...

“Those who can – do. Those who can’t teach.”

You may have heard this quoted before – the exact origin is difficult to establish but it is likely derived from George Bernard Shaw’s

“He who can, does. He who cannot, teaches.” from Man and Superman (1903).

I have heard it or read it on numerous occasions but without ever giving it a huge amount of thought. It came to mind this week because I have been preparing to deliver a day’s training next week to a group of business people in London – a new venture for my business and clearly I’m looking to disprove the theory.

I must admit that when I set out to create my own business this wasn’t necessarily a route to market that I had thought of – but as time has passed and I have had more and more conversations with business owners I have come to realise there is a huge shortfall in understanding of some of the basics of accounting and financial information and with the shortfall comes fear.

I’m not talking here about the detailed understanding you would expect an expert or qualified professional to have, more the 101 to coin an Americanism, things like the difference between cash and profit, basic understanding of financial statements and terminology. If you’ve read any of my previous posts then I’m an advocate of outsourcing to specialists – but equally a base level of understanding is also critical to driving towards success.

I’m excited about where education may lead as a core component of the business in the future.

So if you are someone who’s brain goes foggy at the prospect of a profit and loss account or does anything to avoid a balance sheet I’d love to have a chat about how I might be able to help.

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