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Simple Numbers, Straight Talk, Big Profits!: 4 Keys to Unlock Your Business Potential Kindle Edition
|Length: 200 pages||Word Wise: Enabled||Enhanced Typesetting: Enabled|
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Top customer reviews
This view was actually hard for me to look at because I my accounting picture wasn't quite as rosy as I thought it was, but now I have some good ideas how to tackle the issues and make it more profitable. More profitable doesn't always mean more revenue either. It may just mean more efficiency.
I have read all sorts of business books from E-Myth to Good to Great, etc. As the E-Myth would explain, I'm a technician that went into business without a clue about how to run one though somehow I've made it 11 years and been profitable the whole way. This book, like no other I've read, gives me some insight into the P&L and how to use it as a guiding light. It explains how to look at labor efficiency when I had no clue what that was.
At a minimum you will come away with some new ways to look at your accounting numbers that might just show you which employees are making you money and which ones are not.
This book went quickly for me. Read it in two days. If you are trying to make your business more efficient, I think you'll love it.
The stuff I liked:
* Create a document that highlights your company's culture
* Create a financial forecast, as opposed to a budget
* Practice open-book management
The stuff the author suggests that I didn't like:
* Pay yourself a market-based salary
* Don't hire someone for a function that you can perform
* Never outsource the CEO or sales positions
Why? Everyone - business owners, their advisors and their accountants - typically become overwhelmed by the volume of financial information that spews forth from the likes of Quick Books and Xero. But what does one do with all that information? All is revealed within Simple Numbers.
In the forest of the night!
I have seen many businesses fail without proper accounting. If they follow the advice provided by Author, it will help them turn to profit.
I would say TRUE Original work, Master piece.
PS:Please do not mind the one star. I think it was not provided properly.