The World's Best Book Summaries
What’s an income statement in business? How does an income statement track revenue? The first document any business owner needs to understand is the income statement. This shows whether your company is profitable. According to Financial Intelligence by Karen Berman and Joe Knight, an income statement requires careful interpretation. Keep reading to learn what an income statement tells you about your business’s financial health.
Do you feel helpless in life? Why do some people resort to seeing themselves as a victim of circumstance? David Emerald argues that many people suffer from a helpless mindset that prevents them from finding happiness, building lasting relationships, and achieving their goals. He claims there are four key characteristics of the helpless mindset: seeing yourself as a victim of circumstance, focusing on problems, responding to problems, and viewing others as either oppressors or saviors. Keep reading to learn about these characteristics of feeling helpless and out of control of your own life.
What are the basic financial terms you need to know as a business owner? What’s the difference between an income statement and a cash flow statement? Understanding your business’s finances requires making sense of different types of reports. Unfortunately, according to Karen Berman and Joe Knight, financial statements aren’t as straightforward as they may seem. Below, we’ll break down financial literacy for business owners who want to understand their company’s numbers.
What kind of negative impact does technology have on your life? How can technology lead to poor social skills? Adam Alter says that, if you have a behavioral addiction to technology, you use technology so much that it interferes with your ability to lead a healthy life. Habitually prioritizing tech use over other parts of life has cumulative negative effects on your well-being. Continue reading to learn about the negative symptoms and effects of technology addiction.
Why is a coaching mindset important? What are fundamental coaching traits? In order to attract clients and build your coaching business, you must adopt the mindset of a successful coach, Steve Chandler and Rich Litvin explain. This mindset comprises numerous traits, including self-assuredness, authenticity, focus, courage, and authority. Let’s explore what each trait looks like in the coaching context.
What’s The Divided Mind by John E. Sarno about? What if pain really is “all in your head”? In The Divided Mind, John E. Sarno explains his theory of how and why your brain can produce symptoms in the rest of your body. He calls this phenomenon Tension Myositis Syndrome, and has created a method to treat it. Read below for a brief overview of The Divided Mind.
What two types of mindsets does David Emerald explore in The Power of TED*? How can you switch from one to the other? David Emerald claims that most people feel helpless in life because they don’t have the right mindset. He presents a transformative approach to overcoming life’s challenges and achieving personal growth: shifting from a reactive, problem-focused mindset to a proactive, vision-driven outlook. Below, we’ll look at the helpless and visionary mindset to show how the switch can change your life for the better.
How does your mind affect your body’s health? What does it mean when a medical condition is “psychogenic?” John E. Sarno says that many painful medical conditions are psychogenic, meaning “created by the mind.” He refers to such conditions as mindbody disorders, emphasizing that they are mental as well as physical. Let’s look at how the mind-body connection affects health below.
Is technology good or bad? What’s the double-edged sword of technology? Adam Alter argues that some forms of technology are designed to encourage the doggedly relentless pursuit of personal growth, which can be a good and bad thing. This comes in two forms: skill mastery and all-around perfectionism. Find out how the benefits of technology can also be a disadvantage.
What are the best tips for coaches? How can you build your client base over time? Steve Chandler and Rich Litvin offer some actionable tips to improve and maximize your skills and what you offer to your clients. Just a few of those tips include taking joy in the process, taking a client-centered approach to your work, and reframing rejections positively. Discover more of Rich Litvin and Steve Chandler’s coaching tips below.