Accounting for the Numberphobic

Posted on 16 January 2018 by Dawn Fotopulos

Why do so many business owners dread looking at the numbers They make excusesThey don t have timeThat s what the accountant is for.But the simple truth is that no one else will ever be as invested in their company as they are and they need to take control As a small business owner, financial statements are your most important tools and if you don t know how to read them and understand their implications, you cannot possibly steer your business successfully Accounting for the Numberphobic demystifies your company s financial dashboard the Net Income Statement, Cash Flow Statement, and Balance Sheet The book explains in plain English how each measurement reflects the overall health of your business and impacts your decisions You will discover How your Net Income Statement is the key to growing your profits How to identify the break even point that means your business is self sustaining Real world advice on measuring and increasing cash flow What the Balance Sheet reveals about your company s worth And Illustrated with case studies and packed with practical action steps, this indispensable guide will put your business on the path to profitability in no time. Download Accounting for the Numberphobic By Dawn Fotopulos – kino-fada.fr This book provides a good source for new business owners to learn financial management It explains the key financial reports and how to use them It also has specific suggestions and guidelines such as Every product or service must have a gross margin of at least 30 percent of net revenue or 45 percent above cost of goods sold But, the author does not provide a rationale for this specific number and does not mention that gross margin tends to vary by industry For example, ad man Paul Weyland This book provides a good source for new business owners to learn financial management It explains the key financial reports and how to use them It also has specific suggestions and guidelines such as Ev...If you are an entrepreneur and don t know how to read your numbers, you will fail Just as if you drive your car and don t know how to read your dashboard, you will be fined, wrecked or worse.I ve been reading quite a few business books lately This book has been incredible in helping bring me up to speed in business accounting terminology and how to read business financials It has also helped me with the question of how to determine product cost in such a way as the business profitsand conf If you are an entrepreneur and don t know how to read your numbers, you will fail Just as if you drive your car and don t know how to read your dashboard, you will be fined, wrecked or wor...I ve been a small business owner for five years and I m always overwhelmed with how much there is to do which doesn t leave much time for reading That said, once I started this book, I realized I didn t have time to NOT read it The knowledge Dawn Fotopulos fit into 224 pages is ultimately going to save me time and headaches down the road as I continue to grow my digital marketing company Others have mentioned it s a great reference book and I completely agree I feet like a college stude I ve been a small business owner for five years and I m always overwhelmed with how much there is to do which doesn t leave much time for reading That said, once I started this book, I realized I didn t have time to NOT read it The knowledge Dawn Fotopulos fit into 224 pages is ultimately going to save me time and headaches down the road as I continue to grow my digital marketing company Others have mentioned it s a great reference book and I completely agree I feet like a college student again as I highligh...Great book takes it very hands on with actionable insights Explains statements, but also how to determine pricing, increase profitability, etc.Very helpful to meI m not numberphobic at all In fact, I love numbers But either way, this isof a small business guide I read it asof a reminder book than anything else Decent, but didn t blow my mind.Easy, straightforward, very clear I highly recommend this to anyone who is thinking about opening a small business.I have never taken a business or accounting class but after reading this book I feel that I could look at a company s net income statement, balance sheet, and cash flow statement and interpret the basic health of the company With what I have learned from this book I believe I could be a great resource as an employee of a small business Da...Superb tool for startersI don t think lack of cash kills small business Ignorance and stupidity does This book addresses both A must read for new entrepreneurs.

English
16 January 2018

Dawn Fotopulos