Book

Shoe Dog

Phil Knight

A memoir that is mostly about working capital. Nike nearly died of its own growth, repeatedly, and the book is honest about why.

• Accounting
• Growth and business models
• Founders and companies

1 idea from this book

• Case studyAccounting

  Growth consumes cash, and a profitable company can still run out

  Profit is not cash, and growth widens the gap; model the cash a business needs to grow before admiring its sales.

  Any three-statement question, any growth company's cash flow, and any founder conversation about runway.