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Author: Mike Michalowicz
Publisher: Penguin
ISBN: 073521414X
Category : Business & Economics
Languages : en
Pages : 225
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Book Description
Author of cult classics The Pumpkin Plan and The Toilet Paper Entrepreneur offers a simple, counterintuitive cash management solution that will help small businesses break out of the doom spiral and achieve instant profitability. Conventional accounting uses the logical (albeit, flawed) formula: Sales - Expenses = Profit. The problem is, businesses are run by humans, and humans aren't always logical. Serial entrepreneur Mike Michalowicz has developed a behavioral approach to accounting to flip the formula: Sales - Profit = Expenses. Just as the most effective weight loss strategy is to limit portions by using smaller plates, Michalowicz shows that by taking profit first and apportioning only what remains for expenses, entrepreneurs will transform their businesses from cash-eating monsters to profitable cash cows. Using Michalowicz's Profit First system, readers will learn that: · Following 4 simple principles can simplify accounting and make it easier to manage a profitable business by looking at bank account balances. · A small, profitable business can be worth much more than a large business surviving on its top line. · Businesses that attain early and sustained profitability have a better shot at achieving long-term growth. With dozens of case studies, practical, step-by-step advice, and his signature sense of humor, Michalowicz has the game-changing roadmap for any entrepreneur to make money they always dreamed of.
Author: Mike Michalowicz
Publisher: Penguin
ISBN: 073521414X
Category : Business & Economics
Languages : en
Pages : 225
Get Book
Book Description
Author of cult classics The Pumpkin Plan and The Toilet Paper Entrepreneur offers a simple, counterintuitive cash management solution that will help small businesses break out of the doom spiral and achieve instant profitability. Conventional accounting uses the logical (albeit, flawed) formula: Sales - Expenses = Profit. The problem is, businesses are run by humans, and humans aren't always logical. Serial entrepreneur Mike Michalowicz has developed a behavioral approach to accounting to flip the formula: Sales - Profit = Expenses. Just as the most effective weight loss strategy is to limit portions by using smaller plates, Michalowicz shows that by taking profit first and apportioning only what remains for expenses, entrepreneurs will transform their businesses from cash-eating monsters to profitable cash cows. Using Michalowicz's Profit First system, readers will learn that: · Following 4 simple principles can simplify accounting and make it easier to manage a profitable business by looking at bank account balances. · A small, profitable business can be worth much more than a large business surviving on its top line. · Businesses that attain early and sustained profitability have a better shot at achieving long-term growth. With dozens of case studies, practical, step-by-step advice, and his signature sense of humor, Michalowicz has the game-changing roadmap for any entrepreneur to make money they always dreamed of.
Author: Michael D. Batt
Publisher: iUniverse
ISBN: 1462028608
Category : Business & Economics
Languages : en
Pages : 165
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Book Description
With the popularity and proliferation of dashboards, scorecards, and key metrics in the business world today, have you asked: Are we measuring the right things, and is all of this measuring really helping us accomplish our goals? Through a fictional narrative, author Michael D. Batt teaches how to identify the key items that should be counted and explains what to do with these measurements so your business can reach its goals—financial or otherwise. In The Profit Equation, Andy Davis is a typical high school student who plays on the high school basketball team, works at the local mall, and hates algebra. With the looming likelihood of failure of his basketball team, at work, and in algebra, Andy finds an unlikely source of guidance. Coach Hunter, the high school algebra teacher, comes to Andy’s rescue and teaches him a process to solve his problems—big and small. Offering a look at a timeless leadership technique, The Profit Equation brings management by measurement to life. It will change the way you look at problems to empower you to accomplish your goals.
Author: Michael D. Batt
Publisher: iUniverse
ISBN: 1462028624
Category : Business & Economics
Languages : en
Pages : 171
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Book Description
With the popularity and proliferation of dashboards, scorecards, and key metrics in the business world today, have you asked: Are we measuring the right things, and is all of this measuring really helping us accomplish our goals? Through a fictional narrative, author Michael D. Batt teaches how to identify the key items that should be counted and explains what to do with these measurements so your business can reach its goals-financial or otherwise. In The Profit Equation, Andy Davis is a typical high school student who plays on the high school basketball team, works at the local mall, and hates algebra. With the looming likelihood of failure of his basketball team, at work, and in algebra, Andy finds an unlikely source of guidance. Coach Hunter, the high school algebra teacher, comes to Andy's rescue and teaches him a process to solve his problems-big and small. Offering a look at a timeless leadership technique, The Profit Equation brings management by measurement to life. It will change the way you look at problems to empower you to accomplish your goals.
Author: Jan Jacobs
Publisher:
ISBN: 9781086333992
Category :
Languages : en
Pages : 407
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Book Description
The Profit Formula(R) Profit = (CASH -/- NVD) (1 -/- quota) -/- SVDBasic Equation of Profit MeasurementIntegration of nominalism (NVD) and substantialism (SVD), both general and specific, and with the exact calculation of the burden of taxation. This equation includes each and every capital maintenance concept and does not exclude a single concept of value. Anybody can measure any reasonable profit over a randomly chosen period, of any length. The Profit Formula(R) is exceptionally user-friendly. Working with this profit-meter is simple. 'Profit = Total Sales -/- Total Costs' is not good enough.Depreciation and amortisation, interest costs and tax burden are exogenous variables within the old formula - these cost items happen to be outcomes of separate calculations with several arbitrary choices - whereas they all are endogenous variables within the new formula, ipso facto separate calculations are not needed anymore. A tremendous amount of money can be saved, including for cases of historical cost accounting (measuring fiscal profit). The budgets of many accounts departments can be cut drastically.Up until now managers have run their companies from the back seat.From sheer necessity, lacking a decent financial standard.At long last The Profit Formula(R) puts them (and you) in the driver's seat.
Author: Cullen Roche
Publisher: Macmillan
ISBN: 1137279311
Category : Business & Economics
Languages : en
Pages : 252
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Book Description
Explores the importance of the global economy, and provides insights for getting the most out of investments to achieve financial success.
Author: Jeffrey Pfeffer
Publisher: Harvard Business Press
ISBN: 9780875848419
Category : Business & Economics
Languages : en
Pages : 374
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Book Description
Criticizes many common personnel management practices, and argues that policies such as job security and fair compensation result in greater profits in the long run.
Author: Mitchell Franklin
Publisher:
ISBN: 9781680922943
Category :
Languages : en
Pages : 746
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Book Description
A less-expensive grayscale paperback version is available. Search for ISBN 9781680922936. Principles of Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. This book is specifically designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Each chapter opens with a relatable real-life scenario for today's college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. Students are immersed in the "why" as well as the "how" aspects of accounting in order to reinforce concepts and promote comprehension over rote memorization.
Author: Michael Stone
Publisher: Craftsman Book Co
ISBN: 9781572180710
Category : Technology & Engineering
Languages : en
Pages : 316
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Book Description
In order to succeed in a construction business you have to be able to mark up the price of your jobs to cover overhead expenses and make a decent profit. The problem is how much to mark it up. You don't want to lose jobs because you charge too much, and you don't want to work for free because you've charged too little. If you know how much to mark up you can apply it to your job costs and arrive at the right sales price for your work. This book gives you the background and the calculations necessary to easily figure the markup that is right for your business. Includes a CD-ROM with forms and checklists for your use.
Author: Cyndi Thomason
Publisher:
ISBN: 9780960028313
Category :
Languages : en
Pages : 160
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Book Description
There are four critical areas that today's ecommerce sellers struggle with in growing their businesses - managing inventory relying on debt; understanding their financial data; and maintaining focus. Cyndi Thomason has taken the core concepts of the Profit First methodology created by Mike Michalowicz and customized them to ecommerce.
Author: Malcolm Pemberton
Publisher: Manchester University Press
ISBN: 1526173522
Category : Mathematics
Languages : en
Pages : 1118
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Book Description
This book is a self-contained treatment of all the mathematics needed by undergraduate and masters-level students of economics, econometrics and finance. Building up gently from a very low level, the authors provide a clear, systematic coverage of calculus and matrix algebra. The second half of the book gives a thorough account of probability, dynamics and static and dynamic optimisation. The last four chapters are an accessible introduction to the rigorous mathematical analysis used in graduate-level economics. The emphasis throughout is on intuitive argument and problem-solving. All methods are illustrated by examples, exercises and problems selected from central areas of modern economic analysis. The book's careful arrangement in short chapters enables it to be used in a variety of course formats for students with or without prior knowledge of calculus, for reference and for self-study. The preface to the new edition and full table of contents are available from https://www.manchesterhive.com/page/mathematics-for-economists-supplementary-materials
