Elevator Pitch –
What it means to be an entrepreneur on a practical level mixed with a little how to practically lead and manage a small business from day 1.
Favorite Quotes –
1. “You hit what you aim at, and if you aim at nothing you will hit it ever time.” – Zig Ziglar
2. “When you have momentum in any area of your life you look better than you are. When your star is shining everyone thinks you are smarter and prettier than you really are.”
3. “Proper hiring creates a good team, and a good team lowers turnover. Turnover is very expensive…”
4. “Your business is a party. You have invited your team to the party… Communication in a business is the map to the party. If you have a great map, expect to have a great party.”
5. “…46% [of employees] say a lack of transparent communication from their organization’s leadership is the main point of dissatisfaction at work.”
I guess you could say I am a new comer to the Dave Ramsey tribe. I honestly didn’t think that he would have much advice on running a business outside of don’t go into debt, but I will admit that he knows his stuff. Obviously he has built quite a successful business, and has done so because he knows what he is talking about.
For the right audience, this might be the only business book that you need to read. This is a very practical book that gives a lot of great ideas for the owner or main leader of a small, startup business. The great thing about this book is that it doesn’t stop at talking about principles of how to be a “good leader”, but covers how to think about the finances, marketing strategy, sales process, hiring/firing of staff, leading the organization’s culture, and how to set a personal and business goals.
If you have ever read E-Myth, and are familiar with the “on the business” vs “in the business” view of leading a company, this is definitely the “on the business” guide, which is to say, this book won’t tell you how to bake good bread, but how to think about growing a bakery. It is a great introduction for the young entrepreneur who needs a guide for specific areas of their business that they might not be the expert in yet.
Buy it. Read it. Mark all over it. Then when you encounter a specific problem with your business, you will know where to go to get a quick answer.