Book Review - The One Minute Entrepreneur

I have been reading alot over the last few months on self-improvement books in the area of Pschology, Motiation, Guerilla Marketing, Business (especially books on Entrepreneurship).

Today i am going to share with you a must-read book for all entrepreneurs, that i have borrowed from the local National Library:

The One Minute Entrepreneur

by Ken Blanchard, Don Hutson and Ethan Willis

The book emphasizes on the the Secrets to Creating and Sustaining A Successful Business.

I will just share with you a few of the book’s “One Minute Insights” that i deemed as necessary for successful entrepreneurs.

BUILDING A STRONG FOUNDATION

• Associate with people you admire and can learn from
• Keep a notebook of the wisdom you read, hear, and learn, and distill them into notes
• Good life is built on strong, solid values such as integrity, love, honesty, and purposeful work.
• You never need to cheat to win
• What is right is more important than who is right

GROWING IN KNOWLEDGE

• You will be the same, year after year, except for the people you meet and the books you read
• You can get what you want in life if you help other people get what they want
• Lead with your ears
• Success occurs when opportunity and preparation meet
• It is not who you know that counts, it is who knows you and what they think of you
• When you feel moments impacting your destiny, seize the opportunity

WHEN OPPORTUNITY ARRIVES

• Too many people dream too small. Remember, you will never achieve more than you think you can. So create a big dream.
• When opportunity knocks, seize it
• Never let your expenses outstrip your revenue
• Don’t be a banker for your customers. Timely collection of invoices is crucial
• Your customers are your company lifeblood- treat them well
• Nurture your people. They make it all happen. Without them, you have no company

LAUNCHING THE COMPANY

• Unless you want to do all the work, you have to think of ways to come up with new sources of revenue
• If you focus only on managing costs, your business will never grow
• Don’t be afraid to seek advice when your business goes to a new level
• Making a profit is always a necessity if you want to stay in business

FINANCIAL GROWING PAINS

• As an entrepreneur, the secret to success is generating CASH, CASH, CASH
• Without good cash management, you will never make it
• Profit is the applause you get for taking care of your customers and creating a motivating environment for your people

and many many more….but i just need to end with the following summary:

LAST WORDS

• Sales have to exceed expenses
• Collect your bills
• Take care of your customers
• Take care of your people

Share with you more next time…on other good self-improvement books.