In my book A Quick Start Guide to Financial Forecasting, I included a fun chapter at the end titled Thoughts About Forecasting, Business, and Money.
I included some of my favorite quotes from fourteen great books about the overall subject of business and money.
Here are some quotes from one of the books I included in that chapter:
From The Six-Month Fix by Gary Sutton
“The function of a business is to create money, not consume it, and the longer you postpone this the harder it gets to fix.”
“Bankers cannot make more than a few percentage points on the money loaned, but they can lose it all. That’s why they’re jumpy. They make more money by avoiding losses than by getting new clients. Help them relax by getting them familiar with your business.”
“Receivables are viewed as nothing more than test market expenses until they are paid. There is no sale assumed, no customer satisfaction believed, and no commission paid until the money arrives.”
“Converting Controllers to CFOs is…tough. The skills are the same but the personality is different, and even the Mayo Clinic isn’t performing personality transplants just yet. Controllers set budgets, squeeze dollars, and control. CFOs sell forecasts. One sells the outside world. The other squeezes internally.”
Excellent advice from a guy that has turned a lot of businesses around in his career.
A Quick Start Guide to Financial Forecasting: Discover the Secret to Driving Growth, Profitability, and Cash Flow Higher provides a straightforward, easy-to-understand guide to one of the most powerful financial tools in business: a reliable financial forecast. It will transform the financial future of your company and help you make better, faster, smarter business decisions. Order the book at Amazon. Or learn more here.