How Wrong are You Willing to Be? Planning: Why 80% is good enough - Carl Seidman (Pt . 2) | Ep.056

Tech for Finance

Have you ever aimed for perfection in your financial plans, only to realize that 'good enough' might be the smarter target? Our latest episode peels back the layers of financial planning, showing that precision isn't always the ultimate goal. Dive into the conversation as we explore the limitations of perfectionism in technical work and how tools like Excel serve as a sandbox for initial financial analysis. There comes a time, however, when businesses need to grow beyond spreadsheets, and that's where Enterprise Performance Management (EPM) systems take the stage. Discover how they enhance scalability and reduce errors, proving indispensable for financial planning and analysis. Strategy and feedback form the heartbeat of effective project management, and we get strategic about how to approach it. Setting clear objectives and being open to iterative feedback are crucial, and sometimes, the 80-90% solution is the key to moving forward. We discuss the role of AI, especially large language models like GPT, in reshaping financial workflows. Learn how these advancements are not only changing the way we work but also the way we think about our tools and processes. The episode doesn't stop there—it delves into the personal side of things, sharing how hands-on practice often trumps traditional education in the financial realm. We round off this rich discussion with insights from Carl of SidemanFinancial.com, whose expertise in advisory services and mentorship truly enlightens. Karl doesn't just offer advice; he lives it, actively engaging on LinkedIn and offering resources that can turbocharge your financial savvy. His approachable style and depth of knowledge make this episode a must-listen for anyone looking to enhance their financial understanding or seeking guidance on how to navigate the complex financial landscape. Join us and equip yourself with the know-how to make informed decisions in an ever-evolving financial world. ------SHOW NOTES------ Find Carl on LinkedIn - https://www.linkedin.com/in/carlseidman/ Check out Seidman Financial - https://seidmanfinancial.com/ ------CHAPTERS------ (00:00) Choosing the Right Planning Tool (11:29) The Importance of Process and Feedback (25:30) Learning, Efficiency, and Power Query (30:05) Data Formatting and Analysis Tools (37:29) Finding More Information About Sideman Financial https://newsletter.techforfinance.com