Wynism Number 1
I try to maintain a pretty simple view of life and business issues. I have no choice. I am Welsh!
Wynism Number 2
Always remember that the Good Lord gave you a sense of humor. He gave you this for a reason. Please use it and don’t take yourself too seriously.
Wynism Number 3
I want you to become a lil’ bit wiser and a lil’ bit smarter.
Wynism Number 4
Too many financial managers travel through their business journey by spending too much time looking back at where they came from and not enough time looking ahead to where they are going. However, always remember that the past is interesting, but the future is relevant.
Wynism Number 5
Management’s job is pretty simple. Just do what you said you were going to do. What you said you were going to do should be contained in your budget, forecast, plan or whatever other terms you might use to describe and quantify the future.
Wynism Number 6
Too many managers consider planning and execution as two distinct activities. In reality, they are very much connected. Planning is a necessary first step to execution.
Wynism Number 7
If you can explain it; if I can understand it; then I can model it.
Wynism Number 8
Planning in the absence of execution is at best an interesting academic exercise. Execution in the absence of planning is at best…luck.
Wynism Number 9
You usually stop planning when you run out of time and the plan is due or the month is over. Use your time wisely!
Wynism Number 10
Typically, investors look for three things when evaluating a business plan: Markets, Products and People…and the greatest of these is People.
Wynism Number 11
Debits are always on the left and credits are always on the right. I used to tell my students at the University of Dallas that they should remember that they learned this basic accounting concept in Davies’s Class. (D/C…Left/Right)
Wynism Number 12
Do it ONCE and do it RIGHT.
Wynism Number 13
“Simple” is not synonymous with stupid. “Simple” is a virtue, as in KISS.
Wynism Number 14
The biggest challenge that many small companies face is in closing the third and subsequent sale. I used to think that it was a lack of financial controls, which shows that I have come a long way since those early years.
Wynism Number 15
Many small companies start with a kitchen table mindset and culture. To grow and succeed, they often have to gradually modify and re-shape their culture, to that which more closely resembles a management table mindset.
Wynism Number 16
When you pay peanuts, you get monkeys…and I am not a monkey!
Wynism Number 17
When you use the expression “Make it happen”, please have a clear understanding of “it”. When others use the same expression, make sure that they also, have a clear understanding of “it”.
Wynism Number 18
Most people want to help you, but many don’t know how to. Make it easy for them. Simply tell them how (they can help you).
Wynism Number 19
I have never understood why it is called a Profit and Loss Statement …AND? But there again, because of their fixation with “consistency”, it would seem that accountants would rather be consistently wrong than inconsistently right.
Wynism Number 20
A good financial model should always have a high WIF factor. A pretty good WOW factor doesn’t hurt either.
Wynism Number 21
I want ALL of US to become a lil’ bit wiser and a lil’ bit smarter.
Wynism Number 22
NO hard coding PLEASE!
Wynism Number 23
Always have a Plan B; Plan A seldom works!
Wynism Number 24
Behind every number is a story; it is up to you to understand the story.
Wynism Number 25
When probing for information, recognize the difference between FACTS and FLUFF, then focus on the FACTS.