The World's Best Book Summaries
When does reinvesting profit make sense? Are there other things you need to prioritize before making a reinvestment in your business? Reinvesting profit allows you to reframe profits as business expenses and avoid extra taxes. Knowing when to reinvest profit is key to doing this successfully. This article will detail the steps you need to take and the things you need to consider before reinvesting your profits.
Have you followed a traditional career path? Would you like to exercise more freedom in work and life? Paul Millerd abandoned a conventional career and became a freelancer. In his book The Pathless Path: Imagining a New Story for Work and Life, he shows others how to do the same. He relates the history of the cultural emphasis on work, shares his own story, and provides advice for switching to freelancing. Continue reading for an overview of this book that could inspire you to take a new path.
What’s the Business Hierarchy of Needs? How does it work? The Business Hierarchy of Needs is a system for prioritizing tasks in business introduced by business author Mike Michalowicz in Fix This Next. Understanding this system is an advantage for any business owner. Learn how the Business Hierarchy of Needs works and how to use it.
What’s the book Conscious Capitalism about? How can you make your business more ethical? Conscious Capitalism by John Mackey and Rajendra Sisodia covers the philosophy of conscious capitalism and how to practice it. This is a version of capitalism that they say is good for everyone involved in the business, from customers to investors. Read below for a brief Conscious Capitalism book overview.
Is the freelancing life for you? What can you learn from others who’ve made the switch? Like most people, Paul Millerd was taught to place conventional, full-time work at the center of his life—but it made him miserable. Now, he’s a freelance blogger, consultant, career coach, and online course creator—and he’s much more satisfied with his life. Keep reading to get informed and inspired by Millerd’s story.
What are the key points in Mike Michalowicz’s Fix This Next book? How does Michalowicz explain business needs? In Fix This Next, Mike Michalowicz introduces the Business Hierarchy of Needs, a take on Maslow’s Hierarchy of Needs applied to business. The ideas in Fix This Next provide a foundation for business owners to understand how to manage their companies. Read more for an overview of Fix This Next, including a detailed explanation of the Business Hierarchy of Needs.
How do you go about finding your niche as a freelancer? How can you be sure that you’ve found it? Paul Millerd stepped off the default career path and embarked on “the pathless path” of freelancing. He now helps others find their way. He shares two criteria that you need to look for and shares advice on how to reach those goals. Keep reading to learn how to find your freelancer niche in today’s world.
Why should you prioritize people over profit? How has Whole Foods Market thrived off this concept? Consciously capitalist companies (CCCs) succeed because making money isn’t the main focus. What’s most important is satisfying people and transforming the world. Learn why people over profit always wins, according to Conscious Capitalism by John Mackey and Rajendra Sisodia.
Why did Elon Musk start Tesla? Why did he sometimes sleep on the factory floor? Renowned biographer Walter Isaacson covers the story of Elon Musk and Tesla in his book Elon Musk. Isaacson details how Musk entered the automotive industry with Tesla, based all of its production inside the US, and pushed its technology in the direction of fully automated, self-driving cars. Keep reading to learn about Elon Musk and Tesla.
What does the founder of eBay have in common with Isaac Newton? When are questions even more powerful than answers? Author and journalist Warren Berger says that questions are the basis of both learning and creativity. He contends that the ability to ask important questions can change our lives. It can even change the world. Keep reading to learn about the power of questions.