Joe Knight, coauthor of the Financial Intelligence series, gives you a crash course in reading the numbers.
Finance: What Managers Need to Know
February 23rd, 2010 by Leave a reply »
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@pegobuilders and that kills innovation.
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I really believe that you are making the complicated business system into a setup that is easy and mainly efficient. I praise your work and really think that you are doing great work.
We place a higher value on not losing money than on gaining it
Thank you for the useful information.
I’ve seen directors of companies just agree blindly to the numbers, oh they may ask a few questions to seem educated but on the whole the finance team are in charge.
I’ve also seen the finance team massage the numbers to make them fit.
excellent work!
Yes, 13dankster, I AM a genius. You, obviously, are not. Look, if you never went to college and have a low IQ, then I’m sure his book might be helpful to you. For a financial illiterate, he can help you understand cash-flow management. Dr. Seus is very useful for 5 year old children too. Every book has its right audience and its natural target market. For guys like you, maybe his book is actually helpful, but for the rest of us this is really basic stuff.
OK Einstein. Clearly you are a freaking genius. Sorry to ever insinuate that this type of information could be valuable to someone. The fact is that there are thousands of UPPER MANAGEMENT personnel across the world that continue to buy this book and schedule the authors for seminars. Clearly they should be contacting you so they can learn from the greatest gift to finance ever known with your state college bachelors degree.
I’m not a newbie in the business world. Only idiots that don’t understand the basics of cash-flow management, perhaps like you 13Dankster, are newbies. Did YOU even go to university?? How could anybody hold any position in the business world without knowing these simple principles? Sorry pal, but your Community College business diploma doesn’t cut it…
As “Michael Gerber” would say: “Entreprenuers become Business Owners, because they are successful at what they do”… this doesn’t always mean they went to business school first…
My staff and I are reminded daily (as QuickBooks Consultants) of such the truth and many Wise and Successful Entreprenuers, struck out on the own, with courage and bravery – not business education.
You obviously haven’t read the book. If you think every “upper management” person understands finance you are a newbie in the business world. There are dozens of fortune 100 companies that hire Joe to teach their management teams these principles so apparently there is a need for it.
13dankster, everything he talks about are basic principles taught in first-year business school. How can “upper management” not already know all of this??? What type of business are you in where the so-called “upper management” is so uneducated?
good vid. insightful.
id bang her, too.
Really helpful tips…. the way he present, even better;-)
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I’ve read Joe’s book and it has dramatically helped our business. His seminars are as good as gold for upper management types who are busy but need to understand the basics of finance. Good stuff.
Right on target. The book is great and I have used where I work. Great interview.
Joe doesn’t mention it, but his “debate” with Kaplan came to fist-a-cuffs. Kaplan went down and curled into the fetal position faster than a 10-key doing sixth-grade math.
Joe came to our company; he showed a gangly bunch of writers and designers how to read a balance sheet. Athenaikos quoting of Heraclitus rings true, Joe held fast to “that which is common to all.” Good stuff. Go Joe.
Instead of instructing our managers in productivity and efficiency improvements, I would rather have them undestand what Heraclitus of Ephesus said almost 2,600 years ago:
The Law of Understanding is common to all. Those who speak with intelligence must hold fast to that which is common to all, even more strongly than a city holds fast to its law. For all human laws are dependent upon one divine Law, for this rules as far as it wills, and suffices for all, and overabounds.
Freshman accounting principles, good stuff.
This is a very basic understanding of finance and I would hope that all high level managers have this understanding.
The perception on “finance” should and is changing…. is not to be an expert on NUMBERS, it’s just to know what to do with them
Estimates, assumptions and art.
It sounds very scientific to me.
first.
I like his perspective.