Learn more Download now Shop now Shop now Shop now Learn More Explore Subscribe & Save across Household brands Shop now Learn more Shop Fire Shop Now Learn More Shop now Shop now Learn more

Customer Review

TOP 500 REVIEWER
4 December 2015
This is a very good book if you ever find yourself in the scary and stressful situation of owning or managing a business in financial distress or you fear that the business is heading that way.

In the preface Mark Blayney sets two main purposes for the book:

1. To act as a fire extinguisher for a business already in a crisis
2. To act as a smoke detector to help identify the early warning signs while there is time to correct the problems.

Management makes the big difference when dealing with a business in financial difficulties. The author identifies four types of managers who won't succeed:
1 - The goldfish who doesn't realise that there is a problem until it is too late
2 - The ostrich who knows there is a problem but refuses to accept that it is serious
3 - The rabbit caught in the headlights who is too scared to take any action in case it makes the situation worse
4 - The headless chicken who rushes around frantically making lots of noise but achieving very little.

In contrast you want to be the sheepdog - in control and focused on taking purposeful actions towards recovery.

He distinguishes between three different types of business failure:
1 - The start up that never reaches a viable mass.
2 - The sudden collapse when the business is rocked by an unexpected problem.
3 - The slow, gradual decline of a normal failure.

It is this last cause of business failure which the book focuses on.

This is an excellent book for any business owner with a business in trouble. It's also a good read for any business owner or manager who wants to take a more strategic view of their business rather than chasing after the latest quick fix/magic bullet. It is easy to read and this is information which it never hurts to know more about since the very management techniques used to turnaround your business can be used to stop it getting into financial distress in the first place.

It is short and succinct which can be a good thing but you may be left wanting to know more. There are other books but if your business is heading for insolvency, you need to take professional advice sooner rather than later. There are serious consequences for directors if they continue trading past the point of no return and the veil of limited liability can be lifted.

About my book reviews - I aim to be a tough reviewer because the main cost of a book is not the money to buy it but the time needed to read it and absorb the key messages. 5 stars means that I think that overall it has some vital messages in it.

Paul Simister, a business coach who helps business owners who are stuck, get unstuck.
0Comment Report abuse Permalink
What's this?

What are product links?

In the text of your review, you can link directly to any product offered on Amazon.com. To insert a product link, follow these steps:
1. Find the product you want to reference on Amazon.com
2. Copy the web address of the product
3. Click Insert product link
4. Paste the web address in the box
5. Click Select
6. Selecting the item displayed will insert text that looks like this: [[ASIN:014312854XHamlet (The Pelican Shakespeare)]]
7. When your review is displayed on Amazon.com, this text will be transformed into a hyperlink, like this:Hamlet (The Pelican Shakespeare)

You are limited to 10 product links in your review, and your link text may not be longer than 256 characters.


Product Details

5.0 out of 5 stars
4
£12.99+ Free shipping with Amazon Prime