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Lesson #4: The Name of the Game is Profit or Perish
In Subway’s early days, DeLuca maintained a close watch over all of his expenses, making sure that they were always kept to a minimum. He also made sure that he never ran out of money; he knew that a cash flow crisis was one of the top reasons why businesses failed. He was personally in charge of opening Subway’s first nine stores. But as Subway’s franchises began to multiply and its revenues soar, DeLuca came into a different kind of crisis, one that he had not been ready for.

Lesson #4: “Only close attention to the fine details of any operation makes the operation first class.”
Marriott was a firm believer in the principle of management by walking around. He was as hands on as he could get, inspecting everything from the number of times a hamburger was flipped, to the haircut of his waiters. Even as the company grew, Marriott maintained his belief that if he was going to run his company, he had to know about what was going on in the restaurants, in the hotels, and on the ground. Marriott knew that the financial books in his office were in fact going to tell him less about his business than the cooks and waiters in his restaurant were, or the guests in his motels.

What is POS or Retail management software and why it is required?
“The term speaks for itself”. POS or Point-of-Sale software is used at location where goods are sold to customers. All sales transaction are made through the software and stored in computer. You provide information like item description, selling price, quantity sold, amount of discount given, tax collected and a few more. As the computer records everything, it automates all kind of tasks for you. For example, it gives you a few reports on key tips such as sales for the day, day end report, tax registers, stock statement and more for any specified period. This is just and example of POS software but there’s lot more to it.
Simple Accounting for the Small Business Synoptic Journal Bookkeeping using a Simple Accounting Spreadsheet Template
You have started a small business while still working or to create additional income for your household income. You know nothing about accounting or bookkeeping. This accounting administration part of business scares you a bit and is holding you back from 'Doing IT'. Here is a simple approach to achieve the recording of your business financial books. No prior accounting or bookkeeping knowledge required! Don't buy Quick Books or AccPac or some other accounting package. This simple bookkeeping approach is easy and FREE.

Other financial books Related Articles

Get This Book
I scan a lot of books to find out if anything in them might be useful to you. Most of them are library books, and after scanning, the measure of how useful a book will be to you is the number of bookmarks I've placed in it.

Finance & Economics Books
Some free finance & economics books available - improve your financial IQ
Shocking News To Would-Be Authors
While I had published over 40 books before I worked inside a publishing house, I never realized the drive for the publisher were the business and financial aspects. I just wanted to write good books. I had no conception of my need to market or make money.
Simple Accounting for the Small Business Synoptic Journal Bookkeeping using a Simple Accounting Spreadsheet Template
You have started a small business while still working or to create additional income for your household income. You know nothing about accounting or bookkeeping. This accounting administration part of business scares you a bit and is holding you back from 'Doing IT'. Here is a simple approach to achieve the recording of your business financial books. No prior accounting or bookkeeping knowledge required! Don't buy Quick Books or AccPac or some other accounting package. This simple bookkeeping approach is easy and FREE.
Top Ten Leopard Tips
Here are the top-ten Leopard tips from my friends, Adam Engst et al, at Take Control Books. They’ve already released five ebooks to help people upgrade to Leopard. These books cost either $10 or $15, but you can save 30% if you buy all five. Take Control publishes minor updates for free, so the authors can revise their books on the fly.
How To Write Better AdCopy
Right now, you’re probably thinking, “Now he’s gonna tell us to read all the books we can find on copywriting.” Wrong, paperback-breathe! -- The first thing I’m gonna tell you is -- after you’ve read all those copywriting books for general knowledge; like learning english composition, grammar and syntax -- throw away those books and ...

It’s All About PR
You learn that, in the book world, PR is everything. When you walk into a bookstore, you are walking into a treasure house of 140,000 books. Online at amazon.com, there are 2.5 million books. Somewhere in your mind, dimly, you knew that, but nothing drives it home so much as walking into a bookstore and seeing rack upon rack of beautiful books and then you go find your section and see all the racks of beautiful self-help books and then...
The Only People Getting Rich Renting Mobile Home Parks Are Tenants and Maintenance Men
There are a lot of books out there extolling the financial benefits of buying mobile homes for purposes of renting them out. DON'T BE SUCKERED INTO THIS WITHOUT GETTING THE FULL STORY. These books generally leave out three important problems that turn any proposed economics into bankruptcy.
Writing Your Own Obituary
Those of you who are consistent readers of this regular offering, realize that I rarely recommend specific books. Instead, I encourage people to read those books that will help them in the pursuit of their own passion. However, recently I have completed both of Tom Brokaw's books dealing with the Depression and World War II era-The Greatest Generation and The Greatest Generation Speaks.

4 Ways to Increase Your Financial IQ
Having a high financial IQ means the most when it comes to your financial success. A high financial IQ means you make smart financial decisions and take the right action to better your financial circumstances. Here are four ways to begin building your financial IQ today!:
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