Rhondalynn Korolak is presenting “Combating Your Chronic Cash Flow Crisis” at QuickBooks® Connect; here’s part of her presentation. Read part 2 of this article here.
Can you see order in chaos? Do you find it easy to identify patterns and make connections?
Patterns and trends are extremely helpful in business because they can assist you to find insights that are lost, solve problems, or predict what will come next.
And knowing what will come next is really very helpful, isn’t it?
It can help you to plan more effectively, spend resources wisely, and avoid costly mistakes that hurt your cash flow.
I would like to share a story with you that I think you will find fascinating and relevant on two different levels …
Recently, a 15 year old Canadian student named William Gadoury became headline news for discovering an entire ancient Mayan City – simply by looking at the stars on Google Earth in his bedroom.
Three years earlier when William was only 12, he became interested in Mayan civilization. As he began learning and delving into history, he began to question why the Mayans built their cities far away from rivers, in remote areas, or in the mountains.
This inquisitive nature led him to begin studying the patterns of the cities and 22 Mayan star constellations. He immediately saw some links, and when he superimposed the constellations over a map of the Yucatan Peninsula, they lined up perfectly with 117 ancient Mayan cities.
He also discovered that the brightest stars linked up to the largest cities. In fact, he was the first person in history to make this connection. He then noticed that one of the constellations comprised of three stars, correlated with only two known cities on the map. So, he hypothesized that there might be an undiscovered (hidden) city in the third spot.
He then contacted the Canadian Space Agency, who arranged for satellites from NASA and JAXA to provide aerial shots of the exact location where William thought the lost city might be.
Expert scientists were literally blown away when they found evidence of a previously undiscovered large, 86m high pyramid and 30 buildings exactly where William predicted the city would be.
Here’s my question to you: If a 12 year old can discover an entire city lost in the undergrowth simply by examining the stars on a map in his bedroom, what could you discover by looking more closely at your financial results and your cash flow?