Books
Take a look at other previous, current and upcoming works of the Author as he blogs about business and entrepreneurship.
Featured Book
Book Overview
The focus of financial intelligence is the ability to review, analyze, and correctly calculate important financial indicators while running a business process. A functional system has a lot of activities occurring simultaneously, ranging from production, marketing, administration, and delivering what the business is offering to customers. But, in order to measure and interpret the operational status of any business process, proper financial recording methods must be applied by the management.
This book is about financial intelligence and business simulation for mostly young and aspiring entrepreneurs who are probably just getting started on the path of entrepreneurship. At a time like this, when the number of unemployed continues to increase across many countries, there is need to introduce more job creators into the economy to try to shake things up.
Entrepreneurs are known for their superhuman abilities in pursuit of profitable business opportunities by putting together a team that can generate results. Bringing a business to life and keeping its engine roaring at peak conditions is the greatest skill possessed by the entrepreneur. However, it is important to understand that the forward movement to success is never going to be smooth as a result of possible operational deficiencies and marketplace competition.
A financially smart person knows a lot when it comes to the subject of money. The power of financial education is shown throughout this book as leverage used by successful companies to achieve the expected results. Taking a look through accounting documents like the income statement and the balance sheet, there is a wealth of information showing the unfairadvantages available in the corporate world. By creating a few jobs in the economy and earning revenue from sales, registered businesses enjoy significant benefits compared to average employees and the self-employed.
Financial education is no doubt the missing link that can provide direction for young graduates hoping to fulfill their dreams of owning a business. Understanding the best ways to convert money into creative business models capable of generating cashflow and surviving the marketplace competition is what differentiates successful entrepreneurs from others. This book presents illustrations of how ideas were shaped, tested, and then redesigned to bring startups to their point of execution and beyond. It introduces a new model of triangle that can be used to learn how to create, build, and run any business venture. All the elements that make up the system must function independently and then be combined appropriately to produce a successful outcome at the end. An important feature of the Basil Triangle is its simple business design and development template, as well as an analytical tool for measuring key financial performance.
Numbers are very important when it comes to running a business. Without a numerical interpretation, it’ll be almost impossible to gauge the performance of the business venture at any point in time. Aspiring entrepreneurs must endeavor to learn how to run the business process from the financial statement to ascertain the overall status after a given period of time. The knowledge of financial accounting will enable the entrepreneur to analyze past results, compare them with current standings, and predict the future.
The purpose of this book is mainly to present financial education in an overly simple format for young and aspiring entrepreneurs to learn how things actually work. It is designed to take prospective business owners from a level into a higher position of understanding how to pursue
and exploit their creative ideas, and then turn them into valuable assets. The reader is first taken through history in order to learn how it all began with the invention of money, the limitations and challenges in the past, and of course, the opportunities available today in the business world. Then it recommends the business knowledge derived from financial education as an important skill needed before venturing into the corridor of entrepreneurship. Without a clear understanding of how a business will operate and bring in sustainable revenue, the probability of of building a successful company is low. The use of simple English sentences is adopted all through the book to ease the understanding of the complex nature of the business world. The concept of using notable past events, examples of some natural aspects, and simple science-related terms is intended to break down tough financial subjects, hence making it an easy and understandable read.
The book gives hope and direction to individuals willing to take their chances in the business world. Whether they intend to pursue a full-time business, work part-time, or work from home, the use of financial numbers in gauging the overall performance is very important to help track the way successfully to the top. Nevertheless, it’s not a “Get Rich Quick” book, but a typical blueprint that shows how successful business models are arranged while applying financial intelligence to see through the system dashboard. It is a manual that teaches young entrepreneurs how to choose profitable ideas, get funding from investors, assemble a great team, and then function at peak efficiency. In the creation of a business system, the best ideas are not entirely brand new but mostly a combination of two or more already existing concepts. Using the template of the model of the Basil Triangle, prospective business owners can understand the science of creating a functional business system. By representing the complex requirements of creating and building a business in an overly simple form, using shapes removes the natural barriers that can prevent an individual from becoming an entrepreneur. Although many view the process of developing a business unit as daunting and rigorous in most cases, the use of a basic presentation can help create a mental picture of how to prepare for the task ahead.
Books by SAINT K.O. BASIL
Take a look at other previous and current works of the Author as he blogs about business and entrepreneurship.
