By Rich Bond
The editors of the Harvard Business Review want you to know that understanding finance is a critical skill for business success. Fear of finance can hold you and your company back. This is especially true for business owners and founders.
Many CEOs and business owners, who don’t want to pay attention to the numbers, get the wrong kinds of financial information for decision making, which translates into lower profits and slower growth.
Plaudits to HBR for publishing a book series on Finance, featuring “Finance Basics for Managers.” When finance is done right, it is relatively straightforward and very powerful for individuals and businesses. As HBR’s blurb about the eBook and Tools says, learning the language of finance can help shift your team’s focus from revenues to profits and help you assess your vulnerability to industry downturns.