“Imbalance sheet” is strictly financial spreadsheet terminology. Max Impact, a leadership development expert from Rochester Hills, Mich., first ran across it working at a Kmart in Lorain, Ohio, a small city on the coast of Lake Erie between Cleveland and Detroit.
At the time it was commonplace to keep bookkeeping records on large green analysis pads. Lucy, the store’s bookkeeper, said the books never balanced the first time. She began calling it her “Imbalance Sheet”. She would spend hours going through several hundred of the week’s entries trying to find a number that was only a few pennies off.
With computer technology today books normally balance themselves, but not necessarily to the exact number (due to rounding) or to the manually maintained cash drawer. Also today’s Excel spreadsheets can be thrown off balance with an incorrect formula embedded within in. Talent is required to find the wrong formula much the same way Lucy had to analyze her imbalance sheets.
It is this second fact that has allowed the “Imbalance Sheets” to transcend the age of technology.
The meaning of the imbalance sheet
Max wants you to know about the imbalance sheet because it relates to self-confidence. Lucy was not confident in her abilities. Despite being one of the best bookkeepers Lucy had no confidence in her ability.
Eliminate imbalance sheets by building the confidence of your employees and peers. Point out the successes on a regular basis until they believe in their talent.
This and many other new business terms are called Bizerms™ by Max Impact, a Rochester Hills, Mich., based internet site offering complimentary resources to business leaders, entrepreneurs, human resources professionals and trainers. Each Bizerm™ is a play on words designed to get people thinking about the real meaning of old terminology or to give a visual image of a more truthful business implication of situation. For more Bizerms™, click here.
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