How Financial Reporting is an Essential Force or Root Lock for Your Company
While straining in yoga class, my instructor highlighted the importance of the root lock or Mula Bandha pose. This pose focuses on the area around the lower ab muscles and tail bone. This area is hard to engage and requires muscle contraction and rapid breath.
This pose is foundational to the practice of yoga and once mastered, produces a number of amazing benefits. It helps build core body strength, enables you to hold the postures longer, protects the low back muscles and makes the postures safer. Mula Bandha also increases energy and vitality, and improves concentration and mental clarity.
Without a strong root lock, you compromise safety and stamina and get less out of the overall practice. It’s the basic infrastructure of a successful yoga practice, much like Financial Reporting is an essential element to a successful business. With a good financial reporting practice in your company, you are always informed and can manage your business at a higher level. You can measure results and project out better strategic options.
Yet, financial reporting is often the stepchild for middle market companies: falling in second as companies often opt to invest more time and effort in revenue generating activities. The process of building a strong financial reporting practice complete with modern systems, financial and management reports and qualified personnel is not easy. It takes a lot of practice and dedication.
But the rewards are plentiful – almost as powerful as Mula Bandha is to the yoga practitioner. Companies with Mula Bandha-worthy financial reporting systems ultimately are stronger, make better decisions, and grow faster than those without. Say om…
Questions? Comments? Email me at [email protected] or visit us www.attractcapital.com