Summary of Simple Numbers, Straight Talk, Big Profits!

4 Keys to Unlock Your Business Potential

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Simple Numbers, Straight Talk, Big Profits! book summary
Keep your business finances simple to increase your profits.

Rating

9 Overall

10 Applicability

8 Innovation

8 Style

Recommendation

Certified public accountant Greg Crabtree and business journalist Beverly Blair Harzog outline “four keys” to profitability and challenge American entrepreneurs and small-business owners to rethink their accounting practices. They show why proprietors should pay themselves a market-based salary, earn a pretax profit of at least 10% of revenue and derive the maximum productivity out of every dollar they spend on labor. This book has a strong US focus, especially regarding the US tax system, but interested non-US readers can also garner some tidbits of practical advice. getAbstract recommends this clear and practical treatise to entrepreneurs, small-business owners and financial professionals.

In this summary, you will learn

  • How to use your company’s financial reports to build profitability
  • How to maximize your employees’ productivity
  • How to forecast future earnings
 

Summary

The “Four Keys” to Profitability
To address the most commonly recurring problems in business, entrepreneurs should learn to manage the four keys to profitability: “the owner’s salary, profit, labor productivity” and “business physics.”

Key 1: The Owner’s Salary
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About the Authors

Greg Crabtree founded Crabtree, Rowe & Berger, a certified public accounting firm for entrepreneurs, in 1986. Beverly Blair Harzog has written for CNNMoney and FoxBusiness.


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    Daniel Bravo 3 years ago
    Cuatro recomendaciones interesantes sobre el manejo financiero en PYMES. Me llevo el enfoque del 75% hacia el pronóstico y del 25% hacia los resultados.
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    Omar Shamsaldeen 3 years ago
    very good audio book
    • Avatar
      Patrick Brigger 3 years ago
      totally agree, great summary

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