The essential guide to understanding financial reports, for entrepreneurs, managers, and business owners
Do you get complete financial reports for your business at least once a month?
Do you understand what all those numbers mean?
Do you use the information in those reports to help you make smart decisions about your business?
If you answer "no" to any or all of these questions, then turn to Managing by the Numbers, a highly practical and accessible antidote to financial anxiety. Chuck Kremer, Ron Rizzuto, and John Case show you how to manage the three bottom lines of business financial performance -- net profit, operating cash flow, and return on assets -- and roll them into the "Financial Scoreboard" to see the big picture at a glance. Offering step-by-step examples and an extensive glossary of key terms and concepts, Managing by the Numbers is a commonsense guide to making those numbers work for you -- to monitor and measure performance, make smart decisions, and drive long-term growth. It is an essential resource for anyone eager to improve their mastery of the financial side of running a business.
About the Author
Chuck Kremer, CPA, is Senior Business-Literacy Consultant for Boulder-based Educational Discoveries. An originator of "The Financial Game for Decision Making," he teaches financial literacy courses to managers and executives around the country.
Ron Rizzuto, PhD, is a professor of finance at the University of Denver, where he co-founded the entrepreneurship program at the Daniels College of Business.
John Case is executive editor of the newsletter division at Harvard Business School Publishing. A former senior editor and senior writer for Inc. magazine, he is the author of numerous feature stories and several books on entrepreneurship and open-book management.
"Every successful business needs to learn how to convert profit into cash; this book gives people powerful tools for doing just that."—Jack Stack, CEO, Springfield Remanufacturing Company