The Personal MBA is a great overview of everything related to business. Josh explains concepts in such a way that anyone can understand them. Yet he goes into enough detail for everyone to come away with actionable points. I literally sat there with the book in one hand and my notebook in the other, creating action plans for the couple of businesses that I’m involved in. Here are my notes: Business is made of 5 things. It (1) provides something of value that (2) other people want or need (3) at a price they’re willing to pay, in a way that (4) satisfies the purchasers needs and expectations and (5) provides the business sufficient revenue to make it worthwhile for the owner to continue operation. Sales Starts with trust. No trust, no sale. Value based selling. What is it worth to … Read More
(Book) The 7 habits of highly effective people – Stephen R. Covey
My summary notes: Production vs production capability. Short or long term thinking. Getting the output but taking care of the machine. Read and learn as if you have to teach someone the next day. Be proactive. Take initiative, take responsibility and ownership. Act or be acted upon. Focus on your circle of influence, not circle of concern. Begin with the end in mind. Endstate. Everything is created twice, planning and doing. Visualisation. Important things we tend to delay: Prevention, self-improvement, relationship building, recognising new opportunities, planning, recreation. Roles: Personal development, spouse, parent, business owner, community service, church member, fellow human. Stewardship management. Moving yourself away from the fulcrum so output increases, by effectively delegating. Trust is the highest form of motivation. Expectations need to be explicit, and at the start of any relationship. Win/win or no deal. Four kinds of … Read More