That kind of software has been around for ages. It was common even back in the late 1980s when I found my new employer was using it. Employer had an Excel based program that predicted future profits based upon past and current numbers – using percentages only. It was a very small company (less than twenty people) so every gain was exaggerated by using percentages only… owner was a pretty bad businessman, but believed numbers that said if he added one new employee then his business had grown significantly – and his profits should automatically and immediately grow at least that much…
Owner complained that his software predicted that he should be a millionaire by now, and blamed his employees for it not happening… any employee who tried to explain the real world to him got fired… that company was gone by the end of the next year.
TStyle78 2 days ago
I wonder how many businesses use it?
a sage 2 days ago
Garbage in, garbage out.
Oh Really? 2 days ago
A report nobody will read, many will accept and few will question
Zykoic 2 days ago
“into a government program.”
There, fixed it.
Carl Premium Member 2 days ago
Similar to the one used by the government for revenue and expenditure projections made into a budget.
julie.mason1 Premium Member 2 days ago
A product from Enron.
tee929 2 days ago
President Farty-Seven was gifted this by his well-meaning friends who bought jobs from him.
dpatrickryan Premium Member 2 days ago
Isn’t that management’s job?
ferddo 1 day ago
That kind of software has been around for ages. It was common even back in the late 1980s when I found my new employer was using it. Employer had an Excel based program that predicted future profits based upon past and current numbers – using percentages only. It was a very small company (less than twenty people) so every gain was exaggerated by using percentages only… owner was a pretty bad businessman, but believed numbers that said if he added one new employee then his business had grown significantly – and his profits should automatically and immediately grow at least that much…
Owner complained that his software predicted that he should be a millionaire by now, and blamed his employees for it not happening… any employee who tried to explain the real world to him got fired… that company was gone by the end of the next year.
bilbrlsn 1 day ago
Whether you base your business plan on belief or objective data matters not at all. Planning has little value. Executing is what delivers a product.