Most entrepreneurs are a financial black hole because they’ve never started a company before or run one. So, you don’t have any history on them to analyze. Even when you do it will be so current you can’t even trust the figures because they are totally new. This situation is pretty similar to where investors in WeWork just found themselves.
Ted Prince
Dr. E. Ted Prince, the Founder and CEO of the Perth Leadership Institute www.perthleadership.org, located in Florida in the US, has also been CEO of several other companies, both public and private. He is the author of three books: “The Three Financial Styles of Very Successful Leaders” (McGraw-Hill, New York, 2005), “Business Personality and Leadership Success”, Amazon Kindle 2011 and ”How Founders can Bring Success to the new Silicon Valley in China”, New World Press, Beijing, 2016 and 2018 in Chinese as well as numerous other publications in this area.
He is a frequent speaker at industry conferences. He works with large corporations globally on financial transformation and leadership development programs and coaches senior executives and teams in the area of financial leadership. He has held the position of Visiting Professor at the University of Florida in the US in its Graduate Business School and as Visiting Professor at the Shanghai University of Finance and Economics in China.
Author's Articles
You don’t have to go far to read something about a failed Merges and Acquisitions (M&A) transaction. One that comes to mind is the Sears-Kmart transaction which is cratering as we speak. It’s been called “the greatest destruction of retail value in history.” Remember the mega-merger between Kraft and Heinz? The New York Times recently called it a mega-mess. Oh, and that includes its accounting – I will talk more about that below.
What are behavioral forensics? Why would accountants and financial analysts and planners even need to consider behavior. Behavioral economics and behavioral finance tackle the issue of how people make economic and financial decisions if they are not completely rational.
The idea that your analyses are not impacted by your behavior is belied by a new field of research called behavioral accounting. This focuses on the impacts of behavior on accounting frameworks and their data products.