“What is the most helpful small business book you’ve read?”
Recently, somebody asked me this question- and I had a hard time picking only one, but I chose Small Time Operator: How to Start Your Own Business, Keep Your Books, Pay Your Taxes, and Stay Out of Trouble by Bernard B. Kamaroff, C.P.A., Taylor Trade Publishing, November 2016.
With a subtitle like that, what’s not to love? Honestly, whether you are just starting a home-based business or your retail store is doing well, you will find plenty of great resources here.
First published in 1976, now in its 14th edition, it’s still the best overall book on the ‘business’ of business, that I’ve read. And I had that first edition.
If You’re Not an Accountant, You Need This Book
Mr. Kamaroff covers the basics and many of the intricacies involved in deciding to start a business and grow it. From choosing a business structure to paying your taxes, he covers complicated subjects in a readable and understandable style.
Failing to understand accounting, taxes, and cash flow is a problem common to many entrepreneurs.
Read and carry out the recommendations in this book, you will make sound decisions and put money in the bank.
I recommend studying the whole book and then keeping it on hand for a ready reference, it may become your favorite, too.