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For more information and discussion, please click over to What Is The Biggest Business Problem You Have?

Immediately below are a series of articles to help you with common business problems and mistakes.

Here are links to page 2page 3page 4page 5 – page 6

The  title of this book compiled and edited by Brian L. Davidoff is

Reviving the Financially Distressed Business

In my review posted on Amazon.co.uk, I gave the book a 3 Stars rating. This means it is Worth Reading.

Here is my book review.

Useful but I’d prefer a joined up approach.

This book has different chapters written by different people. If I’d have realised that, I probably wouldn’t have bought it.

Why? Past experience shows that with this type of book there are either gaps or overlaps between the writers. [continue reading…]

in Business Problems And Mistakes, Other Business Books

Turnaround by Arnold Goldstein

The full title of this book by Arnold Goldstein is

Turnaround: How To Turn Your Business Into A Debt-Free Money Machine

In my review posted on Amazon.co.uk, I gave the book a 4 Stars rating. This means it is Good To Very Good.

Here is my book review.

An excellent American turnaround book

First a warning about the book, it is written by an American lawyer so references to legal issues apply to the USA and not the UK.

Just be aware of anything in here that touches on legislation. Be ready to ask your lawyers whether there is any equivalent in UK law, and if there are other UK specific requirements. If the survival of your business is under threat, you need to understand the legal situation. There are ideas in here that will sound very helpful but you must make sure they are legal or you could get yourself into serious trouble.

After that legal health warning, this is a terrific book that is absolutely stacked from top to bottom with ideas and issues for you to consider in turning around your business.

Of course it focuses on what you can do in these difficult situations but first it asks you to consider what you should do.

It’s very easy to assume that any business owner will want to save the business but it might not be true.

Right from the start the book forces you to answer whether
1) You enjoy running the business. Is it something you’re passionate about?
2) Does the business suit your skills?

If either of those is a No, the chances of turnaround are low and prospects going forward aren’t good.

I’m wary of recommending too many books on turnaround because there is so much thinking and planning you need to do and you need to get into action in what can be a very limited time before the money runs out. I really like the Mark Blayney book, Turning Around Your Business which is British and is shorter than this one. You should probably read that first.

I see this very much as a book of ideas. You might not be able to do what it says, the way it says to do it because of differences in the legal system but there might be other ways to achieve the same objective. I’m not an insolvency expert and whenever a business owner contacts me who is in serious trouble, I always advise talking to someone who is.

Turnaround is an area of keen interest but my target clients haven’t dipped deeply into the red but they need some aspects of turnaround thinking. The bigger companies where I’ve been involved in debt workouts have always had professional advisors in place. The ideas in the book show the value of talking to experienced professionals because their ideas can make a huge difference to the future of your business.

If I was writing this review for an American audience, and assuming what it says is legally correct, I’d give it a five star rating. As I’m writing mainly for a British audience on Amazon and my blog, I’ve deducted one star because of the legal uncertainties. There is too much that either does not apply or may not apply.

You can buy the book from Amazon.co.uk or Amazon.com

There are many thousand of business books, you can see the full list of my reviews at Business Books Reviews by Paul Simister (Please click). I've also narrowed these down to a list of the 12 Best Business Books For Business Owners & Entrepreneurs (Please click).

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Paul Simister is a business coach who helps business owners who are stuck or struggling, to get unstuck. You can then start attracting, converting and keeping more customers. If your business is based in the UK and you feel stuck, get a Business SOS consultation (please click) with me to get you unstuck.

Don't forget to download and read my FREE Report - The SIX Steps PROFIT Formula: The Simple Rules That Every Small Business Owner Needs To Know available to download at Six Steps Report (Please click).
in Best Business Books, Business Problems And Mistakes

Pig Wrestling by Pete Lindsay and Mark Bawden

The full title of this book by Pete Lindsay and Mark Bawden is

Pig Wrestling: The Brilliantly Simple Way to Solve Any Problem… and Create the Change You Need

In my review posted on Amazon.co.uk, I gave the book a 4 Stars rating. This means it is Good to Very Good.

Here is my book review.

Are you stuck with people problems?

This is a business fable about problem solving. In the book, an old barista at the coffee stall comes to the rescue of a young manager who has become extremely frustrated. [continue reading…]

in 7 – Employees And Suppliers, Best Business Books, Business Problems And Mistakes

Crunch Point by Brian Tracy

The full title of this book by Brain Tracy is

Crunch Point: The Secret to Succeeding When It Matters Most

In my review posted on Amazon.co.uk, I gave the book a 5 Stars rating. This means it is Excellent.

Here is my book review.

An excellent book to help business owners and managers through difficult times

I’m a fan of the author. He’s a great synthesiser of ideas and advice across a wide range of subjects. He and his team clearly research very carefully before they put together his books and audio recordings. [continue reading…]

in Best Business Books, Business Problems And Mistakes

Hanging Fire by Jeff Cox, Dale Houle and Hugh Cole

The full title of this book by Jeff Cox, Dale Houle and Hugh Cole is

Hanging Fire: Achieving Predictable Results in an Uncertain World

In my review posted on Amazon.co.uk, I gave the book a 4 Stars rating. This means it is  Good to Very Good.

Here is my book review.

A critical chain novel about the Theory of Constraints solution for project management

Eli Goldratt, the father of the Theory of Constraints (TOC) died in 2011 but the concepts have continued to advance. [continue reading…]

in 8 – Your Systems, Business Problems And Mistakes

Creative Thinking by Keith McManus

The full title of this book by Keith McManus is

Creative Thinking: 17 Tactics To Skyrocket Your Creativity & Success

In my review posted on Amazon.co.uk, I gave the book a 4 Stars rating. This means it is Good to Very Good.

Here is my book review.

Packed with practical ways to improve your ability to think creatively

This short book is very easy to read and is packed with techniques you can use to improve your ability to think creatively. [continue reading…]

in Best Business Books, Business Problems And Mistakes

The Covid Comeback Plan by Paul Harris

The full title of this book by Paul Harris is

The Covid Comeback Plan: Relaunching Your Business Once The Air Clears

In my review posted on Amazon.co.uk, I gave the book a 3 Stars rating. This means it is Worth Reading.

Here is my book review.

Short, practical guide for these difficult times [continue reading…]

in Business Problems And Mistakes, Other Business Books, The Next Economic Crash

The Bottleneck Rules by Clarke Ching

The full title of this book by Clarke Ching is

The Bottleneck Rules: The Go-To Guide to Eli Goldratt’s Theory of Constraints (TOC) and his Business Novel ‘The Goal’

In my review posted on Amazon.co.uk, I gave the book a 5 Stars rating. This means it is Excellent.

Here is my book review.

Very clear explanation of the importance of recognising bottlenecks and constraints

This short book is written to introduce the idea of bottlenecks (constraints) to a wider public. [continue reading…]

in Best Business Books, Business Problems And Mistakes

A month ago, I wrote about how the Covid-19 crisis is making constraints blindingly obvious. These constraints limit the performance of a business but even when the crisis quietens down, constraints in your business will still exist. They will just go back into the shadows.

For 30 years I’ve believed that the Theory of Constraints (TOC) processes are very effective ways for a business to make substantial improvements.

So what does TOC have to say about the Covid-19 crisis?

I’d been planning to expand on this myself but then I found these videos on YouTube on the TOCExperts channel. I should warn you that they are all over an hour long but you have the opportunity to start learning how to apply TOC thinking to your business.

Video 1

This is what’s covered

Video 2 – Thinking About The Future

There are a few technical issues at the start of this video so you might want to jump to the 4 minute mark.

Video 3 – Post Covid-19 Scenarios and What You Can Learn From Them

I hope you find these helpful.

Books On The Theory of Constraints

If you’d like to know more about the Theory of Constraints, I recommend the following books as good places to start.

The Goal by Eliyahu Goldratt and Jeff Cox – This brilliant novel is where it all about as TOC is applied to a struggling manufacturing business.Goldratt has written other business novels that look at the TOC Thinking Processes (It’s Not Luck), project management (Critical Chain) and the retail industry (Isn’t It Obvious) but I feel The Goal is the place to start.

Forget the Urgent! by Matías Birrell and Javier Arévalo –

Absolute Certainty by John Haylock – This time the business novel is applied to an accountancy practice after learning TOC ideas from a web designer client.

 

in Business Problems And Mistakes, The Next Economic Crash

The full title of this book by Gerald Kendall and Gary Wadhwa is

Dentistry with a Vision: Building a Rewarding Practice and a Balanced Life

In my review posted on Amazon.co.uk, I gave the book a 4 Stars rating. This means it is Good to Very Good if you want to read about how to apply the Theory of Constraints to a small service business. It’s a 5 Stars Rating if you’re a Dentist.

Here is my book review.

Theory of constraints applied to a small service business

This book is based on improvements in a dentist business. For me, this is just an example of how the theory of constraints (TOC) can be applied to a small service business. [continue reading…]

in Best Business Books, Business Problems And Mistakes