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Venture Capital Investing: The Complete Handbook for Investing in Private Businesses for Outstanding Profits by Laura Gladstone, David Gladstone

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Chapter 6. Analysis of the Financial Statements and Projections

Who are the people who count the beans? For many years, financial people have been known as “bean counters.” Although the term is belittling, these people play an important role in a company. If the numbers are not correct, there is no way to manage the business. If the financial side is in the hands of incompetent people, the business is doomed to failure. The safety of your investment depends on these bean counters and how they keep the books of the company.

The procedure in analyzing this area is the same as it was for the areas already discussed. You will need to analyze the financial people before you analyze the financial area. You need to know the individuals who will carry ...

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