Business Plan Development
The plan provides a competitive advantage when looking for financing and investors, and most importantly, helps to keep the business on track and focused on success.
Steps to Avoid Going Out of Business
This may include securing working capital to bridge the difficult period. Top reasons for going out of business are running out of money, too much debt and overhead, and insufficient starting capital.
Challenges of Memory Accuracy
Accuracy of Memories
Memories are not really accurate. Our memory is like a game of ‘Chinese whispers’, where information gets distorted as it is passed on. This is due to various biases and our need to form schemas to store information quickly. Even extremely traumatic memories can cause memory lapses.
At all ages, we can have recollections that are not entirely accurate. Memories from every age can be malleable. We are susceptible to suggestion, although it is true that younger children are more susceptible than older children or adults.
Understanding Memory Accuracy
Our memories can be inaccurate due to cognitive biases. Although younger children are more susceptible than older children or adults, accuracy remains high overall. Memory errors are detectable but accuracy remains high, regardless of age.
Complex Nature of Memory
Human memory provides a highly practical tool for survival and reproduction. However, with high utility comes high complexity. Despite memory’s subjective nature, science continues to study and analyze this phenomenon.
Evolution of Memories
Memories are selective and reconstructive, not like a camcorder. Using an eyewitness as evidence can be risky and rarely 100% accurate.
Historical and Identity Memories
Groups form identities based on historical memories, which can change with respect to the present. Observers can identify percentages of false and true memories. Although false memories may seem negative, they can have benefial aspects.
Memory Reliability
It’s unlikely that a treasured memory is 100% accurate. Remembering is storytelling. Memories are only as reliable as the most recent story we told ourselves.