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Small Business Financial Management by Ivan Houston

The full title of this book by Ivan Houston is

Small Business Financial Management: How to organise and manage the finances in your small business

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.

Helpful but I’m not sure it has the right title

I’ve been looking for a good book on financial management to recommend to clients. My all-time favourite is called “The Genghis Khan Guide to Business” but it’s been out of print for a long time. Occasionally second hand copies pop up for sale on Amazon.

For my purposes, this starts at too low a level but I think anyone thinking about starting a business will find it very helpful.

Reading the book, it is very clear that the author works in the accounting profession rather than as a financial manager/ director in industry and commerce. There is a surprisingly big difference in perspective.

I split it into three roles
1) book-keeping – that is recording financial transactions
2) accounting – the reporting of financial transactions and hopefully forecasting future results.
3) financial management – which for me is being involved or even making the decisions that directly contribute to the financial health of the business.

There isn’t enough content in that third category.

I like the book but it isn’t what I was looking for or expecting based on the title. I recommend it for new business owners.

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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