Small Business Financial Management Kit For Dummies

This is a great book for anyone who's thinking about starting their own business. It covers the financial management aspect of business.The lessons are all foundational. Every one needs to build their business on some core foundations and this book provides them.The financial tools like cashflow, income statements and balance sheets are all covered and explained in simple English. Examples are also provided to help follow along. The tables in the examples are also available on the disc provided, easily modifiable to suit your own business.Some readers might not like dummies book because they lack depth. This is not the case with this book. Also, if you want to learn more on certain aspect, e.g. accounting, you can always get more specialized book. The point of this book is to give readers the essentials they need to know.This is a valuable book at an affordable price.Here's the list of contents:-- Part I: Improving Your Profit, Cash Flow, and Solvency.Chapter 1: Managing Your Small Business Finances.Chapter 2: Understanding Your P&L and Profit Performance.Chapter 3: Getting Up to Speed on Cash Flow from Profit.Chapter 4: Keeping Your Business Solvent.-- Part II: Using Tools of the Trade.Chapter 5: Protecting the Family Jewels.Chapter 6: Scrutinizing Your Costs.Chapter 7: Practical Budgeting Techniques for Your Business.Chapter 8: Making Decisions with a Profit Model.-- Part III: Dealing with Small Business Financial Issues.Chapter 9: Jumping Through Tax Hoops.Chapter 10: Raising Capital for Your Business.Chapter 11: Diagnosing Your Financial Condition.-- Part IV: Looking at Service and Manufacturing Businesses.Chapter 12: When You Sell Services.Chapter 13: When You Make the Products You Sell.-- Part V: Reaching the End of the Line.Chapter 14: Putting a Market Value on Your Business and Selling.Chapter 15: Hanging Up the Spikes and Terminating Your Business.-- Part VI: The Part of Tens.Chapter 16: Ten Management Rules for Small Business Survival.Chapter 17: Ten Hard-Core Financial Tools and Tactics.(Check out my Amazon profile for other books I've reviewed.)

Very informative for what I needed

I've tried reading this book several times and can only get to chapter 3 without getting completely confused. It is NOT written from the perspective of a new small business owner that has no experience with finances. The examples used are from large company perspectives and the terminology is confusing. I am a college graduate and have worked with finances of a large company as well as my own personal finances so I'm not a financial dummy. It even discusses how "your hired book keeper should be providing you with profit/loss reports on a monthly basis so you can make sure your company is on the right track". Most start up companies owners do their own book keeping so it should show the owner how to do the book keeping in the first place (and what off the shelf products are good for doing that) before assuming they have hired help for that yet.It does have an index for the terminology and it does have a lot of examples - just really hard to understand how it relates to a start up business with much less than what they show in the examples.

I read the first two paragraphs of the introduction online and thought, "Hot dog! These authors understand exactly what I need." A chapter or two later, I was disappointed to find that the book is aimed at small businesses that are large enough to have a controller on staff. Honestly, business owners who have a controller on staff wouldn't need this book...they could simply sit down with their employee and ask questions. To be fair, the book contains a wealth of information, but at a more advanced level than the title, and especially the introduction, indicate. For this reason, I gave it four stars, but it doesn't meet my need for a book that "begins at the beginning."

loved everything about the book

This book is in perfect condition. I am saving it for fall/winter reading and starting a small business for my son's art work.

Great book for reference. Good examples of real life businesses reports. Useful for finance or accounting students and for Managers and small business owners..

Great book

Excellent