Financials Simplified - Ugyan, John L.
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In the competitive landscape of small business, the pursuit of profitability isn't just a goal - it's a necessity. The unfortunate fact is that most small businesses don't make it to the five year mark, and many owners struggle to make ends meet. Paradoxically, these failing ventures often achieve impressive levels of revenue, but fail to turn a profit. One major reason? A lack of understanding of the crucial figures that lie between sales and profits - which ultimately shape the bottom line. They tell you how your business is doing, where you're making money, and where you're losing money.…mehr

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Produktbeschreibung
In the competitive landscape of small business, the pursuit of profitability isn't just a goal - it's a necessity. The unfortunate fact is that most small businesses don't make it to the five year mark, and many owners struggle to make ends meet. Paradoxically, these failing ventures often achieve impressive levels of revenue, but fail to turn a profit. One major reason? A lack of understanding of the crucial figures that lie between sales and profits - which ultimately shape the bottom line. They tell you how your business is doing, where you're making money, and where you're losing money. Fortunately, mastering these essentials is not difficult. This booklet was written in simple language specifically for those lacking basic statement knowledge - and no math or accounting skills required. You'll see that the fundamentals are uncomplicated, and that profitability can often be achieved by merely tweaking some key numbers or processes. For example: ¿ A tiny price hike can lead to a disproportionate boost in profits. ¿ It's possible to increase prices without losing any customers. ¿ Simple graphs can demystify the most complex numbers. This concise guide is short and sweet, simple, and actionable. One hour invested in reading it can transform your business, elevate your profits, and reduce your stress load.
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Autorenporträt
Born in Hungary, John emigrated to Canada with his family at the age of nine. After struggling through high school, John gained valuable finance experience from his extensive career in banking, where he served as a commercial credit analyst, lender, and branch manager. Unfortunately, this didn't help him in his own disastrous start-up, where he belatedly learned that business theory differs from the harsh reality of business. But he didn't give up. Instead, he collaborated with two fellow entrepreneurs to develop The Robin Hood Method, a simple yet revolutionary approach which involves working collaboratively to "swipe the jewels" from elite competitors in order to create more sales and profits for an existing business, and for jump-starting a new one. This innovative approach and hard work over twenty years helped John to create $100 million enterprise, which he sold a few years ago in order to retire. This also gave him the time to write this book, the purpose of which is to help others avoid his initial blunders and the stress that comes from a new or floundering business. Since selling his company, John enjoys retirement with his wife, splitting their time between the warm winters of Mexico and the lush summers of the Okanagan Valley in Canada. His passions include playing old timer soccer, biking, chess, and immersing himself in books.