I've always been a fan of the Dilbert comic series. Business humor is the best. J
Scott Adams is the creator of Dilbert. I listened to a great interview recently with Scott on the Tim Ferris Show (Tim's podcast). Here is the link to that podcast.
Scott is a funny guy and he has some great tips and stories to tell about his rise to fame and his insights on business.
His book How to Fail at Almost Everything and Still Win Big is both interesting and funny. I especially love a short section in the book on Accounting. Here are a few quotes from that section:
"I found accounting nearly impossible to learn because of the bubbling moat of boredom that surrounds the entire field.
But a basic understanding of accounting is necessary to be a fully effective adult in a modern society, even if you never do any actual accounting on your own.
… Accounting is part of the vocabulary of business, and if you don't understand it on a concept level, the world will be a confusing place.
… You can pay others to do your accounting and cash-flow projections, but that only works if you can check their work in a meaningful way. The smarter play is to learn enough about accounting and spreadsheets that you understand the basics."
His statement that you need to know enough to understand the basics (of accounting and financial statements) is a very important point.
Cash Flow is a Great Starting Point
What's more basic then understanding the cash flow of your business?
You understand your cash flow when you can explain what happened to the cash last month in a 2-minute conversation.
It's easier than it sounds.
Here's a link to a pre-recorded webinar and Quick Start Guide that will show you how.
It's free.
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