The importance of plan-fact analysis: why working "without reports" is a road to nowhere for serious business.
Working Without Reports: Expensive Chaos
Many entrepreneurs dislike reporting, considering it bureaucracy. But without numbers, you are steering a ship blindfolded. Plan-fact analysis is your speedometer and navigator.
Why are reports needed?
To see deviations from the course. If the plan did not match the fact, this is not a reason for punishment, but a signal that the process or strategy needs to be changed.