WEEKLY THOUGHTS

Here is something that caught our eye this week: Guidance Counseling We devote significant resources toward the creation of timely and accurate financial reporting at our portfolio companies.  This includes an operating and capital budgeting process at a level of detail to which most small businesses are unaccustomed.  Detail does not guarantee accuracy – especially in its first iteration – meaning month-to-month variability is the norm rather than the exception (for seasonal businesses, in particular).  Over time, we hope our focus on enhanced business intelligence will lead to better forecasting and planning, but some degree of short-term volatility is unavoidable.  We