Thursday, July 19, 2007

Books of Account
Cash Management
Tony Dalton


Want to make your small business cash-rich without breaking the bank? Tony Dalton’s shoestring Cash Management ( http://www.penguin.com/) should help. The book opens with a startling finding that emerged from a 2005 survey conducted by Bank of Scotland: “Almost two-thirds all small businesses admitted they had paid the same invoice twice.”

How so? Because the entrepreneur is working so hard that he doesn’t have the time to cover all business aspects, and cash management comes ‘way down in the list of most small companies’ priorities’. At least till the till goes dry even as bills pile up.

“Think cash,” exhorts Dalton. “Think cash is management practice, not management theory. It’s a proven method of running a successful business. It’s about going back to basics.”

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