Practical Financial Management: A Guide to Budgets Balance Sheets and Business Finance 7th Edition

Practical Financial Management: A Guide to Budgets Balance Sheets and Business Finance 7th Edition book cover

Practical Financial Management: A Guide to Budgets Balance Sheets and Business Finance 7th Edition

Author(s): Colin Barrow (Author)

  • Publisher: Kogan Page
  • Publication Date: 3 Aug. 2008
  • Edition: 7th
  • Language: English
  • Print length: 256 pages
  • ISBN-10: 0749452730
  • ISBN-13: 9780749452735

Book Description

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.

Editorial Reviews

Review

“If liquidity, ROCE and overtrading sound like Dark Arts to you, then Financial Management for the Small Business might help to break the spell.” Artisan “Of tremendous help to all those with an interest in this subject – in particular, owners of small businesses.” Accounting Technician “Of great value to anyone with little accounting background, and who is responsible for financial management on the smaller scale, from the self-employed to small business owners.” Lighting and Sound Magazine “Will help those who find business finance confusing…An essential tool…It could mean the difference between failure and success.” Business Executive “A serious primer for SME owners who would appreciate an understanding of their company performance beyond the annual P&L and balance sheet provided by the auditors.” Business Plus “Provides advice on proper financial planning and control and is…An essential tool for the existing small business or the person considering launching one.” Carmartheshire Chamber of Commerce “Advice on proper financial planning and control…An essential tool if you are running a small business or starting one.” Commerce and Industry “A straightforward and invaluable reference guide for both the student and the experiences Administrative Manager.” Manager “This is a straightforward guide to understanding and managing finances in business…A good all-round book suited to the beginner or non-financial company manager.” Lighting & Sound International, June 2010

About the Author

Following a career in business where he held senior staff and line positions, including that of managing director of a substantial manufacturing enterprise with multi -plant and multi-country operations he was Head of the Enterprise Group at Cranfield School of Management, a leading European Business School, for ten years. He has been a visiting professor in universities in the US, Europe and East Asia. For five years he was a non-executive director of a high tech venture capital fund, has sat on Government task forces and is now strategic advisor to a number of business owners.

As well as his own books he currently writes freelance, ghost writing and ‘Anglicising’ books for American authors and lectures extensively on business topics.

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