What could go right?

Auditors are trained to think about what could go wrong – what are all the possible risks that could result in a financial misstatement. Analyzing risks and capping downside is a very important skillset to have, but exclusively focusing on what can go wrong is limiting.

Envisioning and pursuing everything that could go right in a situation is even more valuable. Ed Mylett talks about us having an internal thermostat, for example for finances. Whatever we set it at is what we believe we’re worth, and will tend to always gravitate back towards. If our thermostat setting is too low we can’t see possibilities. We limit ourselves.

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