Accounting for the Numberphobic: A Survival Guide for Small Business Owners

Accounting for the Numberphobic: A Survival Guide for Small Business Owners

Accounting for the Numberphobic: A Survival Guide for Small Business Owners

Accounting for the Numberphobic: A Survival Guide for Small Business Owners

Synopsis

Why do so many business owners dread looking at the numbers? They make excuses...They don't have time...That'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 more

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.

Excerpt

When I say the words “financial statements,” what goes through your mind? C’mon, be honest. Take a minute and write down your unscreened thoughts. It is okay if four-letter epithets come to mind. No one will see this but you.

Here are some comments written over the years by attendees of my workshop “I Hate Numbers: Accounting for the Numberphobic”:

“Makes me want to get in the fetal position and cry.”

“I’d rather spend a weekend listening to my mother-in-law.”

“I hate numbers and they hate me. It’s mutual.”

“That’s my accountant’s problem.”

“I’m a designer. I can’t be bothered.”

“If I work hard enough, the numbers will take care of them
selves.”

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.