Before we start I have to say i’m a huge fan of the Beermat series of books so this review is gonna be pretty positive
Like all the Beermat books it’s written in a very friendly and engaging style which is probably why I am such a fan. I think the best example of this in the book is the explanation of how double-entry ties into the Profit and Loss and Balance Sheet. Dare I also say that it takes some of the dread out of finance and actually makes it seem fun! (does that seem sadistic at all?)
The book is broken down into eight main chapters each averaging around 20-25 pages each so if you read a chapter or two each night you’d finish this easily with a week! We’ve listed the chapters below just to give you a flavour of the contents. Chapters include:-
- A Finance Cornerstone
- Accounting 101 : the very basics
- The Seedling Business
- Tax and the Law
- Accounting 102 : basic management information
- The Sapling Business (5 to 20 people) : the idea really becomes a business
- The Young Tree Business (20 to 150 people) : managing profitable growth
This book will be very useful to the entrepreneur in any business as well as accountants and those aspiring to be ” the finance cornerstone”. Those with a technical knowledge of accounting wont find the explanations of various concepts that useful as they will probably already understand these. Where the value comes is really helping to show you how the finance cornerstone interacts with the entrepreneur and the business.
I think for any entreprenuer this really is a must read purely to just give you a high level understanding of how the finance side works and also as a steer for what qualities and attributes you should be looking for in a finance cornerstone if you’re about to go down this road.
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