Traditional public schools serve a purpose. Go to school, get a job, make a company money, and on and on.
But what about you?
Does school train you to be a kick butt Entreprenuer who can move and shake the world? Definitely not.
I’m here to poke you in the direction of a skill set you must learn if you want to be successful. Learn this skill set and you’ll be a business magician making the right decisions left and right.
It’s called Accounting!
Most of the financially successful people I know either have a background in accounting and finance or have acquired these skills because of their business ownership.
Accounting ranks #1 on the list for those who want to be financially literate. More specifically, the ability to read financial statements, the ability to value a company and understand business valuation in general.
Accounting will help you determine the difference between a thriving business with a bright future and an organization that will soon be in bankruptcy.
Now I am not an expert in accounting, but I wrote today to stress it’s importance for any budding Entreprenuer.
Pickup some books on Accounting and Finance to get the edge on your Financial Intelligence.
Some recommendations are
- The Interpretation of Financial Statements by Michael E Price
- Security Analysis by Graham
- Accounting Made Simple by Mike Piper