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Profit Peak for Entrepreneurs: A Practical, Field-tested Guide to Maximizing Profit and Optimizing Cash Flow is written for current and aspiring business owners of SMBs (small-to-medium-sized businesses) who want to equip themselves with the tools and techniques to be financially successful. Specifically, Profit Peak is a GUIDE to understanding financial expertise providers who work with SMBs, a BLUEPRINT for structuring a finance & accounting department, a PRIMER on using financial statements and analytics, and a ROADMAP to financial management success.
Bringing hard data to the way we think about entrepreneurial success, this bold call to action draws on the latest scientific evidence to dispel the most pervasive startup myths and light a path to entrepreneurship for those eclipsed by the hype. When you think of a successful entrepreneur, who comes to mind? Bill Gates? Mark Zuckerberg? Or maybe even Jesse Eisenberg, the man who played Zuckerberg in The Social Network? It may surprise you that most successful founders look very different from Zuckerberg or Gates. In fact, most startup origin stories are very different from the famous "unicorns" that have achieved valuations of over $1 billion, from Facebook to Google to Uber. In The Unicorn's Shadow: Combating the Dangerous Myths that Hold Back Startups, Founders, and Investors, Wharton School professor Ethan Mollick takes us to the forefront of an empirical revolution in entrepreneurship. New data and better research methods have overturned the conventional wisdom behind what a successful founder looks like, how they succeed, and how the startup ecosystem works. Among the issues he examines: Which founders are most likely to succeed?Where do the best startup ideas come from?What's the most foolproof way of securing the funding needed to take a company to the next level?Should your sales pitch really be something out of Hollywood?What's the best way to grow and scale your company and create a thriving culture that won't hinder expansion? Mollick argues that entrepreneurship is too important, both for society and for the individuals who start companies, to be eclipsed by the shadows of unicorns. He shows we can democratize entrepreneurship—but only by following an evidence-based approach that puts to rest the false narratives that surround it.
Author of cult classics The Pumpkin Plan and The Toilet Paper Entrepreneur offers a simple, counterintuitive cash management solution that will help small businesses break out of the doom spiral and achieve instant profitability. Conventional accounting uses the logical (albeit, flawed) formula: Sales - Expenses = Profit. The problem is, businesses are run by humans, and humans aren't always logical. Serial entrepreneur Mike Michalowicz has developed a behavioral approach to accounting to flip the formula: Sales - Profit = Expenses. Just as the most effective weight loss strategy is to limit portions by using smaller plates, Michalowicz shows that by taking profit first and apportioning only what remains for expenses, entrepreneurs will transform their businesses from cash-eating monsters to profitable cash cows. Using Michalowicz's Profit First system, readers will learn that: · Following 4 simple principles can simplify accounting and make it easier to manage a profitable business by looking at bank account balances. · A small, profitable business can be worth much more than a large business surviving on its top line. · Businesses that attain early and sustained profitability have a better shot at achieving long-term growth. With dozens of case studies, practical, step-by-step advice, and his signature sense of humor, Michalowicz has the game-changing roadmap for any entrepreneur to make money they always dreamed of.
According to business guru Brian Tracy, this amazingly helpful book is loaded with practical, proven strategies to help you plug financial leaks, reduce excess expenses, and boost profits quickly. You can discover 5 activities that drive your profits. No cookie cutter and one-size fits all approach here. You can slash your costs without sacrificing quality. You can increase the strategic productivity of your entire team...way beyond the 80/20 rule. You can deliver unequalled value to your customers by doing more of what they want and doing less of what they don't. Sure it sounds simple, yet this really works in businesses of all sizes. And it works at all stages in the business development cycle from a start-up to a mature, profitable business. Peak Profit Potential begins by busting some common myths that might be holding you back from the business success that you want and deserve. Yes, there is time to do this; the sooner you get started the sooner the profits will flow directly to your bottom line. Even if you hate numbers, the powerful tools including key business drivers on page 49, business performance measures on page 71, and The Profit PyramidTM on page 88 provide quick and easy ways for you to boost your profits by 10-30% in 60 days or less. Common areas to check for excess expenses are laid out. There are eye-opening assessments and Top 10 lists. There's even an optional core values section if you are so inclined. The heart of Peak Profit Potential is the trademarked 4-step PEAK methodology beginning on page 107. The are plenty of real world cases and small business examples to bring the concepts to a fine point. A point where you can implement in your business to boost your profits. There are links to audios and helpful worksheets including a SWOT analysis of your business. Do you know your current threats? If not, what could they be costing you? By the end of Peak Profit Potential, you will know. This is a proven, practical, comprehensive implementation guide to boost your profits today. Why not get started right now? Your book will arrive very soon.
24 Steps to Success! Disciplined Entrepreneurship will change the way you think about starting a company. Many believe that entrepreneurship cannot be taught, but great entrepreneurs aren’t born with something special – they simply make great products. This book will show you how to create a successful startup through developing an innovative product. It breaks down the necessary processes into an integrated, comprehensive, and proven 24-step framework that any industrious person can learn and apply. You will learn: Why the “F” word – focus – is crucial to a startup’s success Common obstacles that entrepreneurs face – and how to overcome them How to use innovation to stand out in the crowd – it’s not just about technology Whether you’re a first-time or repeat entrepreneur, Disciplined Entrepreneurship gives you the tools you need to improve your odds of making a product people want. Author Bill Aulet is the managing director of the Martin Trust Center for MIT Entrepreneurship as well as a senior lecturer at the MIT Sloan School of Management. For more please visit http://disciplinedentrepreneurship.com/
Secrets of Peak Performers Are you an entrepreneur working hard to grow your business, income, and influence? Or, are you like most entrepreneurs who are working hard, but not necessarily working smart? Secrets of Peak Performers shares critical WORK SMART strategies from successful entrepreneurs in over 25 industries. Included inside are personal and professional wealth creating insights that tackle important topics like sales & marketing, time management, innovation & change, managing and leading people, and much more. If you are truly committed to success, you will find yourself referencing this book time and time again.
This is a second edition on the economic theory of entrepreneurship.
George Hedley, who turned $2,000 into a $50 million company in seven years, provides a perceptive new guide with a simple, real-world solution to running a business smoothly while allowing profits to flow in effortlessly. Get Your Business to Work! 7 Steps to Earning More, Working Less and Living the Life You Want uses tried-and-true methods to help fledgling business owners as well as seasoned ones who are just looking to increase capital and productivity. The book offers a step-by-step process to help small business owners get what they want: profits, wealth, and freedom. Hedley explains where owners go wrong at each stage while growing their companies and details steps in the book to show how to make the inner-workings of the business more predictable in order to eliminate micromanaging and allow for maximum profitability with minimum stress. Get Your Business to Work! identifies areas owners struggle in the most: • Trusting employees and forgoing micromanagement • Satisfying customers • Writing business plans and implementing systems • Marketing and sales • Pricing and achieving overhead and profit goals Most companies never get to the next level because the owner isn't willing to make the necessary changes to make it happen. Through sound advice, as well as interactive exercises, Get Your Business to Work! encourages readers to work toward financial stability and independence by setting clear goals and following through.