The Personal MBA

Master the Art of Business

A world-class business education in a single volume. Learn the universal principles behind every successful business, then use these ideas to make more money, get more done, and have more fun in your life and work.

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From The Personal MBA's List of the 99 Best Business Books...


Review: 'Financial Intelligence For Entrepreneurs' by Karen Berman & Joe Knight

Finance can be an intimidating topic. It's easy to feel like the subject is too arcane and complicated to understand, and it's very tempting to leave it to the finance professionals and accountants.

That's a mistake. If you want to understand how a business really operates, you must understand the basics of finance. Fortunately, it's easier than you think.

Financial Intelligence for Entrepreneurs is a straightforward primer on finance and accounting for small business owners. Berman and Knight have a knack for explaining the nuances of finance and accounting in a friendly, approachable manner without glossing over vital information.

Financial Intelligence for Entrepreneurs covers the core topics in modern finance: the income statement, the balance sheet, the cash flow statement, the matching principle, depreciation and amortization, and important financial ratios. Also included is a detailed but easy-to-understand explanation of why each topic is important, how each statement and ratio is constructed, and (crucially) the implicit assumptions used in each tool, which can mislead the unwary or uninformed.

Financial Intelligence for Entrepreneurs is the second edition of this book; the original Financial Intelligence was written for non-financial corporate managers who wanted to understand their company's financial statements and processes. Both books include the same case studies and core material: the only difference is in the framing of the explanations. I've read both versions, and for Personal MBA readers, I recommend Financial Intelligence for Entrepreneurs".

I've taken many finance courses, and I've read many books on finance and accounting. Financial Intelligence for Entrepreneurs is easily among the best introductory finance resources available for entrepreneurs.


Special thanks to Todd Sattersten for recommending this book.


Buy 'Financial Intelligence For Entrepreneurs' by Karen Berman & Joe Knight


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The Personal MBA

Master the Art of Business

A world-class business education in a single volume. Learn the universal principles behind every successful business, then use these ideas to make more money, get more done, and have more fun in your life and work.

Buy the book:


About Josh Kaufman

Josh Kaufman is an acclaimed business, learning, and skill acquisition expert. He is the author of two international bestsellers: The Personal MBA and The First 20 Hours. Josh's research and writing have helped millions of people worldwide learn the fundamentals of modern business.

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