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Simple Numbers, Straight Talk, Big Profits!
Book

Simple Numbers, Straight Talk, Big Profits!

4 Keys to Unlock Your Business Potential

Greg Crabtree and Beverly Blair Harzog
Greenleaf Book Group, 2011

Read or listen offline

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Editorial Rating

9

Qualities

  • Innovative
  • Applicable

Recommendation

Certified public accountant Greg Crabtree and business journalist Beverly Blair Harzog outline “four keys” to profitability and challenge American entrepreneurs and small-business owners to rethink their accounting practices. They show why proprietors should pay themselves a market-based salary, earn a pretax profit of at least 10% of revenue and derive the maximum productivity out of every dollar they spend on labor. This book has a strong US focus, especially regarding the US tax system, but interested non-US readers can also garner some tidbits of practical advice. getAbstract recommends this clear and practical treatise to entrepreneurs, small-business owners and financial professionals.

Take-Aways

  • If you’re a business owner, pay yourself a market-based salary.
  • Strive to make a pretax profit of between 10% and 15% of revenue.
  • Master the “four keys” to profitability: “the owner’s salary, profit, labor productivity” and “business physics.”

About the Authors

Greg Crabtree founded Crabtree, Rowe & Berger, a certified public accounting firm for entrepreneurs, in 1986. Beverly Blair Harzog has written for CNNMoney and FoxBusiness.

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    D. B. 1 decade ago
    Cuatro recomendaciones interesantes sobre el manejo financiero en PYMES. Me llevo el enfoque del 75% hacia el pronóstico y del 25% hacia los resultados.
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    O. S. 1 decade ago
    very good audio book
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      1 decade ago
      totally agree, great summary