A detailed guide to disentangling three key elements of business.
In his latest, business consultant Duryee (Lead To Succeed, 2005, etc.) describes a familiar triangle: business owners, who believe that if their revenue and profits are healthy, banks should be willing to lend them money; bankers, who worry that business owners “may not understand the difference between profits and cash flow, and therefore will overly rely on debt to support growth”; and luckless certified public accountants caught in the middle, trying to get both sides to speak the same “language.” In this book, Duryee promises to resolve this age-old problem, providing prospective business owners with clear and easy-to-follow explanations of financial statements and how to apply them to business models, how to understand cash flow (which isn’t the same as profits, he points out), and how to develop forecast models for financial statements. He writes with clarity and authority even when he’s deep in the weeds of financial arcana: “Always use straight-line depreciation on your internally produced financial statements because accelerated depreciation artificially lowers both the value of your assets and your profit.” He correctly notes that many entrepreneurs start their businesses with passion and vision but precious little financial acumen. Overall, this book takes key concepts—everything from liquidity to accounts receivable—and skillfully renders their essentials. Although he may overestimate how quickly novices will be able to master such information, he makes it all immensely relatable by linking his ideas to lessons he’s learned in his own career as a consultant. Along the way, he offers case studies, bullet-pointed lists, and graphs to make sure that nothing is left to chance. Newcomers to the business world will consider this book a godsend, but even old hands will likely learn something from it.
An engaging, nuts-and-bolts breakdown of the financial side of entrepreneurship.Pub Date: Aug. 27, 2017
ISBN: 978-1-946978-17-2
Page Count: 274
Publisher: Best Seller Publishing, LLC
Review Posted Online: Sept. 4, 2019
Review Program: Kirkus Indie
Categories: GENERAL NONFICTION
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Privately published by Strunk of Cornell in 1918 and revised by his student E. B. White in 1959, that "little book" is back again with more White updatings.
Stricter than, say, Bergen Evans or W3 ("disinterested" means impartial — period), Strunk is in the last analysis (whoops — "A bankrupt expression") a unique guide (which means "without like or equal").Pub Date: May 15, 1972
ISBN: 0205632645
Page Count: 105
Publisher: Macmillan
Review Posted Online: Oct. 28, 2011
Kirkus Reviews Issue: May 1, 1972
Categories: GENERAL NONFICTION
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From the national correspondent for PBS's MacNeil-Lehrer Newshour: a moving memoir of her youth in the Deep South and her role in desegregating the Univ. of Georgia. The eldest daughter of an army chaplain, Hunter-Gault was born in what she calls the ``first of many places that I would call `my place' ''—the small village of Due West, tucked away in a remote little corner of South Carolina. While her father served in Korea, Hunter-Gault and her mother moved first to Covington, Georgia, and then to Atlanta. In ``L.A.'' (lovely Atlanta), surrounded by her loving family and a close-knit black community, the author enjoyed a happy childhood participating in activities at church and at school, where her intellectual and leadership abilities soon were noticed by both faculty and peers. In high school, Hunter-Gault found herself studying the ``comic-strip character Brenda Starr as I might have studied a journalism textbook, had there been one.'' Determined to be a journalist, she applied to several colleges—all outside of Georgia, for ``to discourage the possibility that a black student would even think of applying to one of those white schools, the state provided money for black students'' to study out of state. Accepted at Michigan's Wayne State, the author was encouraged by local civil-rights leaders to apply, along with another classmate, to the Univ. of Georgia as well. Her application became a test of changing racial attitudes, as well as of the growing strength of the civil-rights movement in the South, and Gault became a national figure as she braved an onslaught of hostilities and harassment to become the first black woman to attend the university. A remarkably generous, fair-minded account of overcoming some of the biggest, and most intractable, obstacles ever deployed by southern racists. (Photographs—not seen.)
Pub Date: Nov. 1, 1992
ISBN: 0-374-17563-2
Page Count: 192
Publisher: Farrar, Straus and Giroux
Review Posted Online: May 20, 2010
Kirkus Reviews Issue: Sept. 1, 1992
Categories: GENERAL NONFICTION | BIOGRAPHY & MEMOIR
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