How many of you look forward to talking about numbers (really)?
The truth is that most entrepreneurs only have a very rudimentary understanding of finance. The problem is that having little or no skill in gathering, organizing or interpreting your company’s finances can lead to less-than-perfect, and sometime disastrous, decision making.
That’s why Robert — a longtime believer in helping entrepreneurs gain financial intelligence — and I are constantly looking for tools and resources that breathe life into the “numbers side” of your business.
And, that’s why we’re so happy to have identified “Financial Intelligence for Entrepreneurs“. In BusinessCast #98, Financial Intelligence, we interview co-author Joe Knight. He shares some nuggets but, perhaps more importantly he demonstrates his commitment to developing a truly practical resource.
What impressed me — and, I’m not a “numbers person” — is how well this book is written. It’s clear, concise and really, well…very human! Meaning, it doesn’t feel anything like a finance or accounting text book that speaks down to you. Nor is it so dry that you’re just aching to get to the end of the next paragraph.
The authors quite successfully convey fundamental and complex ideas in a way that you’d wish your CFO could! If you’re running a business and you’re the least bit uncomfortable with business numbers, read this book….and read it, now.
BTW, we have several free copies of Financial Intelligence for Entrepreneurs so, read an excerpt and then send Robert an email (firstname.lastname@example.org) and we’ll send you a free copy. You’ll be glad you did!
Other resources to help you tackle your finances include:
BusinessCast Podcast #69 – Business Success By the Numbers – to help you get straight-forward answers to these common numbers-focused questions:
- Should you buy or lease your car?
- Should you invest available cash in your mortgage or an RRSP (IRA)?
- Who should you sell your business to?
Also, find below some focused resources to help you work through these questions and get you more comfortable dealing with financial issues critical to your business -
A Lease or Buy Your Car Calculator
A Contribute to Your Mortgage or RRSP Calculator
A Video on Finances for Business Leaders (Note: The video providers will prompt you to register before you will be able to view this video.)
BTW, if you have a ‘numbers’ question, let us know. We’ll address it in an upcoming show.
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Filed under: Contest, Cost-Savings, Financial Decisions, Growth, Management, Resources, Risk | Tagged: Entrepreneur, Finance, Management, Resources, Revenues | 1 Comment »