Review of HIDDEN PROFIT How to Find and Capture $500K–$2M+ in Hidden EBITDA Without Gutting Your Business
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[Following is an official OnlineBookClub.org review of "HIDDEN PROFIT How to Find and Capture $500K–$2M+ in Hidden EBITDA Without Gutting Your Business" by David Tolly.]
Funds fuel businesses, and every business owner or executive needs them from time to time. Imagine your business generating excess funds that can inspire confidence in potential buyers, investors, and sponsors. I know you, as an entrepreneur, want to be in that position right now. This is the book that can help you achieve that goal.
This first book of The Hidden Series,[I]HIDDEN PROFIT How to Find and Capture $500K–$2M+ in Hidden EBITDA Without Gutting Your Business[/I] by David Tolly, is a comprehensive and practical guide on how to uncover trapped money within a business to create better opportunities and choices. The author explains EBITDA and its nuances. The book contains connected ideas: reasons for the existence of hidden profit, diagnostic steps to locate it, levers that can help to capture it, and a 90-day execution framework.
David Tolly admonishes readers neither to memorize nor skip the steps but to practice them step-by-step. He goes further to clarify that the process of discovering the leak does not necessarily involve making risky changes to your business model, but that hard decisions may be necessary. Based on his years of experience as a CFO and turnaround executive, the author shares practical strategies with a sense of responsibility for the growth of businesses. I am impressed by the compelling and encouraging tone, coupled with the simplicity with which his recommendations are presented.
The author's confidence is contagious: he knows his onions, and when this rubs off on you, as it did on me, it makes you get to work with confidence. I appreciate how straightforward the author is. There's no beating around the bush or vague theories. Clearly, the author values the reader's time. Each chapter is a class in itself: it begins with the objectives and ends with diagnostic questions and clear actionable steps.
You will find helpful illustrations, worksheets, real-life case studies, templates, and checklists that you can work with. The author emphasizes discipline. To get results, you must be optimistic, get to work, follow the instructions, stay focused, exercise patience, persevere, and finish what you started in good faith. Lest I forget, the author mentions the importance of repeating the process involved in the first success story to achieve sustainable results.
There's nothing to dislike about this book. I found no errors in it. I commend the effort invested in the flawless editing of the book. Nothing detracted from my reading experience or concentration. Although I took extra time to double-check some formulas, I believe that was because I am a layman in accounting, and I knew what I was getting into when I selected the book. The author was clear enough, and that, I guess, must have been intentional. Therefore, I confidently give this book a rating of[B]5 out of 5 stars[/B] .
I recommend[I]HIDDEN PROFIT How to Find and Capture $500K–$2M+ in Hidden EBITDA Without Gutting Your Business[/I] by David Tolly to business executives who want to improve their businesses to a level where they can operate from a place of strength. It is a valuable resource that will help them maximize profits without compromising quality. I will read the remaining books in the series.
******
HIDDEN PROFIT How to Find and Capture $500K–$2M+ in Hidden EBITDA Without Gutting Your Business
View: on Bookshelves |
Funds fuel businesses, and every business owner or executive needs them from time to time. Imagine your business generating excess funds that can inspire confidence in potential buyers, investors, and sponsors. I know you, as an entrepreneur, want to be in that position right now. This is the book that can help you achieve that goal.
This first book of The Hidden Series,
David Tolly admonishes readers neither to memorize nor skip the steps but to practice them step-by-step. He goes further to clarify that the process of discovering the leak does not necessarily involve making risky changes to your business model, but that hard decisions may be necessary. Based on his years of experience as a CFO and turnaround executive, the author shares practical strategies with a sense of responsibility for the growth of businesses. I am impressed by the compelling and encouraging tone, coupled with the simplicity with which his recommendations are presented.
The author's confidence is contagious: he knows his onions, and when this rubs off on you, as it did on me, it makes you get to work with confidence. I appreciate how straightforward the author is. There's no beating around the bush or vague theories. Clearly, the author values the reader's time. Each chapter is a class in itself: it begins with the objectives and ends with diagnostic questions and clear actionable steps.
You will find helpful illustrations, worksheets, real-life case studies, templates, and checklists that you can work with. The author emphasizes discipline. To get results, you must be optimistic, get to work, follow the instructions, stay focused, exercise patience, persevere, and finish what you started in good faith. Lest I forget, the author mentions the importance of repeating the process involved in the first success story to achieve sustainable results.
There's nothing to dislike about this book. I found no errors in it. I commend the effort invested in the flawless editing of the book. Nothing detracted from my reading experience or concentration. Although I took extra time to double-check some formulas, I believe that was because I am a layman in accounting, and I knew what I was getting into when I selected the book. The author was clear enough, and that, I guess, must have been intentional. Therefore, I confidently give this book a rating of
I recommend
******
HIDDEN PROFIT How to Find and Capture $500K–$2M+ in Hidden EBITDA Without Gutting Your Business
View: on Bookshelves |
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