Practical Financial Management

by Barrow C.

Entrepreneurs need to be financially literate. The most common cause of business failure is poor financial control stemming from an ignorance of the basics of business finance. "Practical Financial Management" is intended to help those who find business finance confusing. Now in its seventh edition, it continues to provide advice on proper financial planning and control, and reinforces essential points through the use of questions within each section. Beginning with an introduction to the key financial statements, it moves on to look at the tools of financial analysis - the keys to controlling a business successfully. The final part of the book deals with business planning and budgeting, a vital area of business finance as most new ventures cannot get off the ground without a business plan, and existing businesses cannot expand. An invaluable read for aspiring entrepreneurs and those already in business, this book could mean the difference between success and failure.

Genres: Business, Nonfiction

224 pages, Paperback

First published August 1, 2008

Reviews

[Ruth · Rating 2 out of 5]

c1984 - but reprinted many times. I found it a little too basic for what I was trying to research. But as a straightforward introduction for SMEs - it would probably be sufficient. Included are a number of web sites addresses that did prove to be relevant and interesting.