The World's Best Book Summaries
What is The Minimalist Entrepreneur about? What are the main takeaways of the book? In The Minimalist Entrepreneur, Sahil Lavingia says you don’t need any funding to start a business. In his book, the successful business owner gives detailed advice for starting your own profitable “minimalist business without using venture capital. Read below for a brief overview of The Minimalist Entrepreneur.
Looking for an overview of Anything You Want by Derek Sivers? What is his advice for starting and running a successful business? In Anything You Want, Derek Sivers gives recommendations for building a business that meets customers’ needs while still fulfilling your passions. Sivers argues that to run a successful business, you have to know yourself, what you love, and what you want in life. Read on for an overview of Anything You Want—Derek Sivers’s best-selling book for hopeful entrepreneurs.
How do you know when to sell your business? How do you close a business? In his book Anything You Want, Derek Sivers says that as the owner of your own business, you should pay attention to what makes you happy and the passions that fuel you. When you no longer feel passionate about running your business, Sivers says it may be time to walk away. Keep reading to learn when and how to sell your business, according to Sivers’s advice.
What does it take to become a tech giant? Who will be the next trillion-dollar tech company? Is it finally Microsoft’s turn? The Four (Amazon, Apple, Facebook, and Google) have dominated the marketplace for years, but, even in the absence of efforts to break them up, Scott Galloway says the Four won’t always be on top. History demonstrates that even the most successful companies can’t stay on top forever. We’ll first explore the factors Galloway claims are necessary for a business to be the next big tech company. Then, we’ll identify four potential candidates for that position. Take a look.
How is an organization’s purpose determined? Should profit be a driver or merely a byproduct? The strongest driver of a company’s culture is its overriding purpose in the world. As Frédéric Laloux explains in Reinventing Organizations, this purpose is not dictated from on high but emerges organically from the work the company does and the values of its members. Keep reading to learn about the preeminence of organizational purpose in visionary companies.
Would you like your company to put purpose above profit? Are you eager to lead self-directed employees? In Reinventing Organizations, Frédéric Laloux identifies an emerging breed of company that operates from a new set of rules. These visionary organizations (“Teal companies”) embody principles of self-direction and individual authenticity while following a collective higher purpose. Keep reading to learn how to create a Teal company of your own.
What makes a productive business? How do you create a hard-working team? According to Patrick Lencioni in his book The Advantage, a productive business is one where the goals of the company are clear and communicated to everyone on the team. In addition, everyone within the company is dedicated to achieving these goals. To learn how to create a productive business that’s efficient, continue reading.
What is organizational health? Why is organizational health important? Patrick Lencioni’s book The Advantage talks in great detail about organizational health and its role in helping businesses reach their fullest potential. Further, he claims that there are four steps that you can take to reach organizational health. Read below for Lencioni’s definition of organizational health.
How common is entrepreneur burnout? Can you run your business without working yourself to burnout? Burnout plagues many entrepreneurs. According to Mike Michalowicz, the main reason entrepreneurs suffer from burnout is that they try to run and oversee everything themselves instead of delegating daily operations to their employees. Here’s why entrepreneurs suffer from burnout, according to Michalowicz.
What are performance metrics? How many and which performance metrics should you track? Performance metrics indicate whether your business is meeting its goals and allow you to quickly notice early signs of issues so you can address them before they develop into crises. It’s important to monitor them regularly and make improvements any time a metric fails to meet its benchmark. Here are some tips for establishing effective business performance metrics and benchmarks.