The World's Best Book Summaries
What does it take to build a million-dollar business? Should you sell or scale a business after it hits success? Reaching a point where your business is valued at a million dollars is an entrepreneur’s dream. Getting there from scratch requires passion, innovation, and delivering what the customer wants. Here’s how to turn your idea into a million-dollar business that’ll just keep growing.
Why is hustle culture toxic? Is organizational growth always a good thing for business? In today’s “hustle culture,” many workers end up ruining their lives in their attempts to get ahead in their careers. They sacrifice the time and energy they should be spending on their lives outside of work. Keep reading to learn how organizations appeal to hustle culture and one solution for solving it.
Who defines the mission and objectives of a business? Is making a profit the most important part of business? According to The Essential Drucker by Peter Drucker, management is directly responsible for whether the organization’s efforts produce its desired results. Managers do this by articulating an enterprise’s mission and spelling out its objectives. Let’s look at how managers create and carry out a company’s mission.
What was Jeff Bezos like before Amazon? How did he get interested in the online world? In Invent and Wander, Bezos recounts his life prior to finding the largest online retailer in the world. Bezos inherited many of his leadership traits from his family and developed an early love for computers that would change his life. Keep reading to learn more about Jeff Bezos before Amazon.
How did Amazon survive its first major downturn? Why does Amazon value its relationship with customers so much? In Invent and Wander, Jeff Bezos looks back at Amazon 2001’s crisis when share prices dropped dramatically. Yet it was still a learning experience for Bezos, who managed to turn things around for Amazon. Discover the lessons Bezos took away from Amazon’s share price dropping in 2001.
What makes something a movement? What if you could create a movement instead of just running a business? Imagine you have a product or service that can change people’s lives—one that can help them reach their most ambitious goals financially or personally. Russell Brunson says you should look at your product or service as merely a tool that supports something much greater—a movement. Read more to learn how to create a movement and not just a business.
What’s the brief history of Amazon? Where did Bezos come up with the idea of Amazon? Bezos’s story is the story of Amazon, the business he founded in 1994. Though Bezos doesn’t take all of the credit for the company’s success, it was he who shouldered the risk of creating an online retail store in a decade. Let’s break down Amazon’s history, from its beginnings in a garage to hurdling through the Covid-19 pandemic.
Why is marketing easier when you understand basic human needs? How much do you know about the ability and desire of potential customers to spend money on your product? Russell Brunson made his name selling online marketing tools specializing in sales funnels. He contends that to successfully launch a business, you must start by solidly identifying your market. Until you know whom you’re aiming at, you can’t effectively come up with details for your offer. Keep reading to get Brunson’s advice on how to choose a target market for your product.
What are the top innovative strategies in business? Is it easy to find a market that has no competition? In The Essential Drucker, Peter Drucker lays out three different approaches that managers can apply to entrepreneurial endeavors. These include innovations that establish preeminence in a market, those that improve upon competitors’ work, and those that identify a specialty niche with no competition. Discover more about these innovative strategies so you can apply them to your business.
What does it mean to have a community in business? How can having a community benefit your company? Having a community in business means having customers who value your company for its mission and have a meaningful connection with your purpose. Knowing how to build a community like this is important for any business owner. Discover how and why to build a community around your business with these tips.