The way that we work at Black Sheep advisory has been shaped and moulded over many years. From starting out in the Big 4 accounting firms to providing a total unique customised service, the influences had to come from somewhere. Below are a list of books that have influenced me and the key take aways that we have taken from each.
THE EFFECTIVE EXECUTIVE - PETER DRUCKER
A management book originally from the 1960’s. It is all about getting the right things done. It is a must read for all my clients who want to take their business to the next level. The core components of this book come back again and again in different forms in a lot of the other books below.
It is especially important for how you make your Human Resources decisions.
THE RICHEST MAN IN BABYLON - GEORGE S CLASSON
Originally from 1926, it is a timeless classic for your personal finances but its principles can be applied to business.
The seven laws of gold and the five laws of money are simple yet extremely effective principles to build your business finances around, remembering that “money is plentiful for those who understand the simple laws of making money.” Pay yourself first and 10% of what you earn is yours to keep.
PROFIT FIRST - MIKE MICHALOWICZ
Uses the basic rules of behavioural finance and applies it to accounting. Takes the rule of “pay yourself first” and sets out a practical template to apply it to your business.
By using '“smaller plates,” paying yourself first and setting a rhythm to running the finances of youbusiness you get a greater sense of how your business works and where your opportunities for improvement are.
FOUR HOUR WORK WEEK
Use Parkinson’s law and Pareto efficiency to get the most out of your business.
Learn the benefits of Elimination, Automation and Delegation to remove yourself as the bottleneck ofyour business. Take a wholistic view of running your business. You need to consider your life and it is more than just money.
THE BAREFOOT INVESTOR
Again it is for personal finances but the rules can be applied to running your business.
Is a practical application of the rules from the Richest Man in Babylon spelt out in simple steps that can be easily followed and adapted to while running your business.
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