The full title of this book by Sharad Kumar Churiwala and Govindaraju TV is
24 Hour Business Turnaround: Increase Profits Up to 20% in a Day
In my review posted on Amazon.co.uk, I gave the book Three Stars, meaning Worthwhile.
Here is my book review.
The basic, boring stuff matters too
This book jumps straight into internal control weaknesses like orders delivered but not invoiced, items replaced under warranty but no warranty claim has been made on the original supplier etc. It’s a useful reminder that profit and cash can leak through your business through neglect. Areas of customer fraud or abuse are also covered.
The book goes on to look at other nitty gritty detailed issues which can cause revenue to be low, costs high or cash flow poor. It also includes tax issues but these are country and time specific (in this case India).
It’s not the type of turnaround book that I’d write but it has its place and is a useful reminder that little things add up of the business has weak control systems and doesn’t pay attention to routine issues. There’s plenty of glamour involved in the strategy and marketing side of a business that business owners enjoy doing. It can cause them to ignore areas that create waste.
If you don’t believe me, consider the shockingly high number of people who don’t change utility companies or even do any kind of price checking, accept insurance renewals because it’s easier and have never changed banks. I hope you’re not one of them.
Get To Know Me