I love flying. In the past few years of flying experience, I have realized the great significance of aircraft instrument panels to pilots. Humans can instinctively recognize two dimensions: direction and speed. When driving on land, we can grasp direction and speed without looking at the dashboard. However, there is an extra dimension when flying an airplane, which is altitude. If we only rely on instinct to judge altitude, it can often lead to catastrophic accidents. <Br />The same goes for management companies. When the company is small, entrepreneurs can manage the company by feel. However, when the company reaches a certain level, managing the company based on feelings alone will cause the company to lose control. If understanding airplane dashboards is an essential skill for pilots, then understanding a company's financial dashboards is a core competency for entrepreneurs.
Reader comments
This is a great popular science book on finance from a business perspective, and is recommended for more senior managers with business backgrounds to study. The financial content involved is quite extensive, including some basic knowledge of financial accounting, financial management and taxation. The writing in the book is relatively clear and simple, the examples are relatively good, and the information density is sufficient. Its essence is how to establish an indicator system to look at the real financial data of the business. The author combines cases and relays it in popular language, so readers with a little financial knowledge can understand it, and it is suitable for business managers to read this book.
This is a usable book and highly recommended. I re-understood that return on equity = net profit margin The author's writing style is good and easy to read. The writing is friendly to non-professionals and is suitable for novices with some basic knowledge. This book helped me clarify the financial concept formulas that I had read before but not digested very well, through case data and straightforward language, which was quite rewarding.
The operator's financial golden triangle generally refers to the three key financial elements in business operations, which are divided into three parts: cash flow, profit and capital. These three elements are interrelated and together form the core of a business's financial health. These three elements are interrelated and influence each other. For example, good cash flow management can ensure that a business has enough funds for investment and development, thereby improving profits. Efficient profit management can increase corporate cash inflow and enhance corporate operating capabilities and capital accumulation.
The content of this book is very practical, especially for a new mother like me. The author uses the analogy of a flight dashboard to illustrate the importance of financial dashboards to entrepreneurs. This analogy is very appropriate and easy to understand. Moreover, the content in the book is not the kind of difficult financial knowledge, but explained from a business perspective, so I can understand it even if I have no financial foundation. I think this book will also be helpful to me in managing family finances in the future. I recommend it to you!
I would like to start this book with this sentence from Mr. Kazuo Inamori. The operation and management of an enterprise is multi-dimensional, including research and development, production, sales, finance, human resources, strategy, etc. Whether the company's performance is good or not, we have a multi-dimensional measurement system, such as per capita output value, R&D output rate, market share, employee turnover rate, etc., But we still need a unified set of standardized measurement standards, which are financial indicators based on financial data.
The content is expanded from three modules, namely business (how to make money), financing (where the money comes from), and investment (where the money goes). These three modules can be called the "golden triangle" of financial thinking. Every company needs to set up some financial positions, be able to allocate their work, and have a more comprehensive understanding of its own financial situation. Only in this way can it have a clearer understanding and make timely adjustments to decisions when financial changes occur.
This is a great popular science book on finance from a business perspective, and is recommended for more senior managers with business backgrounds to study. The financial content involved is quite extensive, including some basic knowledge of financial accounting, financial management and taxation. The writing in the book is relatively clear and simple, the examples are relatively good, and the information density is sufficient. Its essence is how to establish an indicator system to look at the real financial data of the business. The author combines cases and relays it in popular language, so readers with a little financial knowledge can understand it, and it is suitable for business managers to read this book.
This is a usable book and highly recommended. I re-understood that return on equity = net profit margin The author's writing style is good and easy to read. The writing is friendly to non-professionals and is suitable for novices with some basic knowledge. This book helped me clarify the financial concept formulas that I had read before but not digested very well, through case data and straightforward language, which was quite rewarding.
The operator's financial golden triangle generally refers to the three key financial elements in business operations, which are divided into three parts: cash flow, profit and capital. These three elements are interrelated and together form the core of a business's financial health. These three elements are interrelated and influence each other. For example, good cash flow management can ensure that a business has enough funds for investment and development, thereby improving profits. Efficient profit management can increase corporate cash inflow and enhance corporate operating capabilities and capital accumulation.
The content of this book is very practical, especially for a new mother like me. The author uses the analogy of a flight dashboard to illustrate the importance of financial dashboards to entrepreneurs. This analogy is very appropriate and easy to understand. Moreover, the content in the book is not the kind of difficult financial knowledge, but explained from a business perspective, so I can understand it even if I have no financial foundation. I think this book will also be helpful to me in managing family finances in the future. I recommend it to you!
I would like to start this book with this sentence from Mr. Kazuo Inamori. The operation and management of an enterprise is multi-dimensional, including research and development, production, sales, finance, human resources, strategy, etc. Whether the company's performance is good or not, we have a multi-dimensional measurement system, such as per capita output value, R&D output rate, market share, employee turnover rate, etc., But we still need a unified set of standardized measurement standards, which are financial indicators based on financial data.
The content is expanded from three modules, namely business (how to make money), financing (where the money comes from), and investment (where the money goes). These three modules can be called the "golden triangle" of financial thinking. Every company needs to set up some financial positions, be able to allocate their work, and have a more comprehensive understanding of its own financial situation. Only in this way can it have a clearer understanding and make timely adjustments to decisions when financial changes occur.