Description:
Using the groundbreaking formula they introduced in their book Financial Intelligence: A Manager's Guide to Knowing What the Numbers Really Mean, Karen Berman and Joe Knight present the essentials of finance specifically for entrepreneurial managers.
Drawing on their work training tens of thousands of people at leading organizations worldwide, the authors provide a deep understanding of the basics of financial management and measurement, along with hands-on activities to practice what you are learning. You'll discover why the assumptions behind financial data matter; what income statements, balance sheets, and cash flow statements really reveal; how to use ratios to assess your venture's financial health; how to calculate return on your investments in your enterprise; ways to use financial information to do your own job better; and how to instill financial intelligence throughout your team.
Authoritative and accessible, Financial Intelligence for Entrepreneurs empowers you to "talk numbers" confidently with colleagues, partners, and employees--and fully understand how to use financial data to make better decisions for your business.
Brief description: Joe Knight is co-owner of the Business Literacy Institute and co-owner of Setpoint Systems. He works as chief financial officer of Setpoint and as a facilitator and keynote speaker for the Business Literacy Institute, traveling to clients all over the world to teach them about finance. Joe, who holds a master's of business administration from the University of California at Berkeley, is a true believer in financial transparency and lives it every day at Setpoint.