October Books – Financial Health and Credit Ratings

Following our recent posts on credit profiles and ratings, we thought this months book should focus on financial health and credit ratings. We hope our selection will help you in understanding more about your business finances, how to improve them, together with your business credit ratings.

 

Financial Intelligence, Revised Edition: A Manager’s Guide to Knowing What the Numbers Really Mean by Karen Bowman and Joe Knight

Inc. magazine calls it one of “the best, clearest guides to the numbers” on the market. Readers agree, saying it’s exactly “what I need to know” and calling it a “must-read” for decision makers without expertise in finance.

This book has become a favourite among managers who need a guided tour through finance – helping them to understand not only what the numbers really mean, but why they matter.

This new, updated edition brings the book up to date and continues to teach the basics of finance to managers who need to use financial data to drive their business. It also addresses issues that have become even more important in recent years—including questions around the financial crisis and those around broader financial and accounting literacy.

This great read:

  • Teaches managers the fundamentals of finance to accelerate their business;
  • Discusses recent issues, including questions related to general accounting literacy, wider financial know-how, and the global financial crisis;
  • Features great stories about real companies, written in simple language, highly accessible and without any jargon;
  • Allows nonfinancial managers to understand the nuances of finance and how to apply that knowledge to their business.
  • Accessible, jargon-free, and filled with entertaining stories of real companies, this book gives nonfinancial managers the confidence to understand the information beyond the numbers.

 

The Finance Book: Understand the numbers even if you’re not a finance by Stuart Warner  and Si Hussain

The Finance Book has been officially shortlisted in the ‘Practical Manager’ category for the 2018 Management Book of the Year prize which has just been announced by the Chartered Management Institute (CMI) and the British Library.

The Finance Book will help you think and manage like a financial strategist. Written specifically for non-finance professionals, it will give you all you need to know to manage your business more effectively and think more strategically.

It will help you to:

  • Have the confidence to read and interpret financial statements
  • Ask the right questions about financial performance
  • Apply important financial tools and ratios
  • Learn how to think financially and make better strategic financial decisions

Covering business finance, accounting fundamentals, budgeting, profitability and cash management, you’ll find the tools you need in order to make the best financial decisions for your business.

‘Essential reading for any non-finance ‭professional. This is an easy to read and ‭practical guide to the world of finance.’ ‭Paul Herman, Group CEO, Bluebox ‭Corporate Finance

‭‘A really helpful, well organised and easy to ‭understand primer and reference book for ‭those who aren’t accountants but still need ‭to understand the accounts.’ ‭Roger Siddle, Chairman, Cordium Group

‘A great book. At last, a guide that ‭demystifies and encourages business ‭owners to practically understand financial ‭matters. A must read.’ ‭Gordon Vater CEO, RiiG Limited

 

The Lean Startup by Eric Ries

For many entrepreneurs this book has become a standard operating manual in the early days of their businesses.

Ries applies the concepts from Toyota’s Production System, encouraging entrepreneurs to talk to potential customers prior to building their initial product offerings. This is known as “customer discovery” and potential customer feedback can be gained to develop a “minimum viable product (MVP)”. From there, a series of iterations are made to the MVP until product-market fit is achieved, which reduces the risk of wasting time and money by over developing products that customers don’t need. It is all about research, investigation and testing your vision, then adapting and adjusting before it’s too late.

The Lean Startup is a new approach to business and is being adopted around the world. It is changing the way companies are built and new products are launched.

 

Business Credit Solved: Build Business Credit Quickly by Norman Tadlock  

With this book in your hands, you are about to become a business credit master. You will know exactly how to build business credit scores and a business credit profile for a business. With this business credit profile built you and your business can obtain large amounts of credit and funding for your business without having to supply a personal guarantee and being personally liable for your business debts.

That knowledge has helped create one of the most advanced business credit building systems in existence today. This system has been used to help business owners obtain funding and build business credit for their businesses. These unique business credit building methods are also taught at the largest credit conventions in the nation to other credit firms. And now this book will give you the knowledge and power to fight and win the business credit battle.

This book is designed to give you a step-by-step process of understanding how to build credit and obtain funding for any business. You will first learn to understand the business credit system itself, then to know what lenders are looking for in order to approve a business for credit and funding. Finally, you will learn where to go to secure funding for your business and know about the types of funding available today. Your business can have an excellent credit score and qualify for credit and funding without you having to offer a personal guarantee. This book will show you how.

 

Zero to One by Peter Thiel

This book is packed full of advice from one of the most prolific entrepreneurs and investors in existence. It covers a range of topics, like the critical need to establish a niche, how sales are equally as important as product development, and the myriad benefits of media coverage for a startup.

Zero to One presents at once an optimistic view of the future of progress and a new way of thinking about innovation: it starts by learning to ask seven questions that startups should satisfy and find value in unexpected places

Peter Thiel has built multiple breakthrough companies, including Paypal and Palantir, and this book shows how. Reviews include:  ‘This book delivers completely new and refreshing ideas on how to create value in the world.’ – Mark Zuckerberg, CEO of Facebook; and ‘When a risk taker writes a book, read it. In the case of Peter Thiel, read it twice. Or, to be safe, three times. This is a classic.’ – Nassim Nicholas Taleb, author of The Black Swan.

 

We hope you enjoy this month’s choices, all of which have all been sourced from Amazon and are available to purchase to help you with your credit profile and financial management.