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Simple Numbers can guide you to increased business profitability! Take the mystery out of small business finance with this no-frills guide to understanding the numbers that will guide your business out of any financial black hole. Author Greg Crabtree, a successful accountant, small business advisor, and popular presenter, shows you how to use your firm's key financial indicators as a basis for smart business decisions as you grow your firm from startup to $5 million (and, more!) in annual revenue. Jargon free, and presented in an easy-to-follow, step-by-step format, with plenty of real-world examples, Crabtree's down-to-earth discussion highlights the most common financial errors committed by small businesses, and how to avoid them. You'll be fascinated to learn: Why your numbers are lying to you (and why you are the cause!) How labor productivity is the key to profitability and simplifying human resource decisions Why the amount of tax you pay is
I got a lot from reading this book. It’s like Dave Ramsey’s “Total Money Makeover” book meets business world, and “Simple Numbers, Straight Talk, Big Profits” goes even deeper by explaining how to increase your bottomline while increasing labor efficiency and business assets.What I also like is this book is basically an accounting book that talks about the key things to look for when reviewing your numbers. One major problem I had in my business was making sense of the numbers and this book shows you exactly what numbers to look at in order to grow your business and increase your bottomline.Again, this book is basically real accounting 101 for business owners that want more money in their personal bank account and to live debt free personally and business wise, whether they want to stay solo or have a team running their business for them.I also recommend this book to anyone having issues with team leadership and development and want to increase their bottomline.And again, even if you’re solo, this book is actually better suited for you since it will help you get started off right and have a good pretax profit on Day 1. He actually talks about this in his book. The business that had a 15% pretax profit did FAR better in 3 to 5 years while the other business that had a lower pretax took a lot longer. But what I also like is 15% is just the recommended MINIMUM. If you can start your business with a higher pretax profit and continue to increase ir, you’ll definitely cover way more ground than other business in a short time and this book will be your biggest secret weapon.