Small Business Tax Center
Small Business Ideas, Grants &
Plans to Start & Run a Business:

Small Business Grants
CyberSchmooz
Network in Cyberschmooz Community Ask Questions Questions and Answers Share Tips Small Business Ideas List Your Business Business Advice from Idea Cafe Experts Coffee Talk with Experts Starting A Business Business Plan Biz Planning | Sample Plans Small Business Ideas Idea Name Your Biz Name Plan Your Biz Plan Financing $ Starting a Business Do It! Running your Business Marketing Tips Promotional Merchandise Marketing Tips Marketing | Sales | Customers Human Resources HR | Employees | Contractors Legal Forms & Tax Information Legal | Biz Forms Managing a Business Managing | Operations
Financing Resources Financing Your Business E Commerce & Webhosting eCommerce Take Out Info Trade Publications FREE Trade Publications Business Books Biz Books Your Own Business Small Business News Small Biz News Gen X Biz Gen X Biz Work at Home Work @ Home Business Information The Fridge - Biz Info on Ice Destress Send Awards Send Awards & Greetings Yoga At Your Desk Yoga @ Your Desk Fun Guide Guide to Find FUN Online About Idea Cafe Press Idea Cafe has received Idea Cafe in the News Idea Cafe's Kudos Kudos for Idea Cafe Advertise on Idea Cafe Advertise on Idea Cafe Privacy Policy Privacy Policy Contact Idea Cafe Contact Idea Cafe Link to Idea Cafe Link to/from Idea Cafe Join Idea Cafe
Search Idea Cafe Site Directory Site Map Online directory to business resources Biz Web Guide

Idea Cafe's Biz Book Review

Small Time Operator: How To Start Your Own Small Business, Keep Your Books, Pay Your Taxes, And Stay Out Of Trouble

by Bernard B. Kamoroff, CPA

Book Briefs:
Paperback; 200 pages
25th edition, Bell Springs Publishing
Price: $12.56 at Amazon.com

Who Should Order Up this Book?
If you're new to starting and running a business, Small Time Operator is one of the first books you should buy. It does a great job discussing the basics of business taxes, including employment taxes, and many other mundane topics you probably want to understand. So if you're a new or existing small business, self-employed individual, employer, professional, independent contractor or home-based businesses, take a closer look at this book.

The Meat & Potatoes:
Here's a sampling of a few of the topics the book covers:

  • Business Licenses and Permits
  • Sales Tax
  • Insurance
  • Keeping Inventory Records
  • Deducting and Understanding Business Expenses
  • Doing Business As A Sole Proprietorship
  • A Basic Profit & Loss Statement
  • A Basic Cash Flow Prediction Statement

Bookkeeping Bytes
There's also a good discussion of single-entry bookkeeping, which is probably adequate for many new businesses. The author even explains how to balance a checkbook. (If you're unsure how to do that, however, you probably need to learn a bit more about personal finance before you start a business to improve your chances of success.)

As Kamoroff explains, a $200 business mistake and a $20,000 business mistake could be the same mistake. So, it's good to start small and learn. As you learn more, you might want to learn double-entry accounting, which is more robust. Also, you'll probably get one of the computerized accounting programs, such as MYOB or Quicken QuickBooks, to handle your accounting and recordkeeping. But as Kamoroff points out, whether you do your bookkeeping by hand or with a computer program, the basics of bookkeeping are essentially the same.

Pricing Process
Understanding the basics of finance and accounting is important for small business owners. Among a variety of financial advice and tips, Kamoroff gives the example of a bookstore that started-up but then went bankrupt. The owner arbitrarily marked-up the cost of the goods he purchased and wasn't aware of his overhead expenses of running his business. As it turned out, he was pricing his merchandise too low to make a profit.

Overall Taste
Small Time Operator is highly readable and has many entertaining cartoons and blurbs from other entrepreneurs and small business people that make the text fun. Yet, it also forks over serious and essential start-up information. Together, it makes for a well-balanced diet of what it takes to make a start-up strong and to make an existing business run smoother.

rule for small business

Idea Cafe's Rating:
(five light bulbs is our top rating)

I'll Take It!

If you have a good biz book you'd like to see reviewed here, let the BizHostess know!

More Beefy Biz Books at Idea Cafe Book Store

Biz Book Home Page

Google      

Small Business Tax CenterIdea Cafe HomeSign UpBiz Grant CenterCyberSchmoozCoffee Talk with ExpertsPeople in Biz ProfilesStarting Your BizBiz PlanningRunning Your BizFREE Trade PublicationsMarketingFinancing Your BizHuman ResourcesLegal & Biz FormsManaging Your BizeCommerceYou and Your BizGen XWork@HomeThe FridgeDe-StressSend an AwardSend an eGreetingYoga @ Your DeskWeb GuideIdea Cafe in the NewsAbout Idea CafeAdvertise on Idea CafeContact UsPrivacy PolicySite MapSmall Biz News

Copyright 1995-2019, Idea Cafe Inc. Downloads are for personal use only, not for resale to others, and may not be reprinted in any form without written permission from Idea Cafe Inc.

DISCLAIMER: We hope whatever you find on this site is helpful, but be cautioned that it may not apply to your own situation, or be totally current at any given time. Idea Cafe Inc. and all of its current and past experts, sponsors, advertisers, agents, contractors and advisors disclaim all warranties with regard to anything found anywhere on this family of websites, quoted from, or sent from Idea Cafe. and its related sites, publications and companies. We also take no responsibility for comments published by others on these pages.

TRADEMARKS: The following are Registered Trademarks or Servicemarks of DevStart, Inc.: Idea Cafe®, Online Coffee Break®, The Small Business Gathering Place®, Take out Info®, Biz Bar & Grill®, Complaint-O-Meter®, A Fun Approach to Serious Business™, CyberSchmooz™, and BizCafe™.



[an error occurred while processing this directive]