53 Takeaways From the World's Best Business Books Giveaway
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Transcript of 53 Takeaways From the World's Best Business Books Giveaway
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TAKEAWAYS
FROM THE
WORLDS BEST BUSINESS BOOKS
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TAKEAWAYS
FROM THE
WORLDS BEST BUSINESS BOOKS
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Lifes too short to live on anyones terms but your own.
1
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That someday youre waiting for might never come.
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Focus your energy on what drives the most results.
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4 Acquire or build income-producing assets.
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5 Focus on cash flow.
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The only way to escape the rat race is to have monthly cash flow from assets that exceeds your monthly expenses.
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Take calculated risks.
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8 Work for profits, not wages.
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9 Develop multiple income streams.
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10
Be proactive.
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11 Begin with the end in mind.
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Put first things first.
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Think win-win.
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Seek first to understand, then to be understood.
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Synergize.
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Sharpen the saw: Take time for physical and mental renewal.
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Everyone is given the same 24 hours in a day.
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Your business doesnt require a ton of risk or startup capital.
18
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The difference between an amateur and a professional is their habits.
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Be helpful. The money will follow.
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Scale that help to reach as many people as possible.
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The easy thing and the best thing often arent the same thing.
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Your competence is your security.
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Pour your heart and soul into your business. People will notice.
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(If it sounds like real work, thats because it is.)
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Be first to market. But if you cant be first, just claim a new market you can be first in.
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You cant be everything to everyone, so stop trying.
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The best way to get noticed is to be remarkable. That is, markedly different from every other option.
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Do what your competition isnt doing.
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Use reciprocity: When you give someone something, they feel compelled to repay you. What can you give?
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Gain small commitments in advance of asking for a larger commitment.
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Use social proof like testimonials, press mentions, and trust signals.
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Be likeable.
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Be an authority.
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Use scarcity: Sometimes fear of missing out and playing hard to get can work to your advantage.
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Ideas are worthless without execution.
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Cultivate positive habits.
37
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The stock market is a poor wealth accelerator.
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The best way to make millions is to solve a problem that MANY people or businesses face.
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Customer service isnt a department within a company. It IS the company.
40
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Out-care the competition, online and in-person, and people will begin to take notice.
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The ultimate customer service question is: How likely would you be to recommend Company XYZ to a friend or colleague?
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Happy customers do your marketing for you.
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Ship early, ship often.
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Launch, get feedback, and then make quick incremental improvements.
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Less is more. Leonardo da Vinci once said, Simplicity is the ultimate sophistication.
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Develop a 1-touch system for incoming items: Do it, Delegate it, Defer it, or Drop it.
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Customers dont buy WHAT you do; they buy WHY you do it.
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Build your team: Get the right people on the bus.
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Find the sweet spot at the intersection of: What lights you up What youre best at What makes you
money
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You are the CEO of your own life. Act like it.
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Work ON your business, not IN it.
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Make progress everyday.
53
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Is your favorite missing? Send me a note ([email protected]) and Ill include it in the next edition!
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Learn More and Join the Community at
www.SideHustleNation.com
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