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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


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