One-Minute Entrepreneur
This is a summary of the book "The One-Minute Entrepreneur by Ken Blanchard, Don Hutson and Ethan Willis". We have jogged down the one-minute insights from the book. For easier reading, we also created a slide show with these great one-minute insights. The slide can be found here. https://www.slideshare.net/CanadianAngelInvestm/the-one-minute-entrepreneur-oneminute-insights
One-Minute Insights
- Associate with people you admire and can learn from
- Keep a notebook to write down the wisdom that you read, hear and learn and distill that learning into 1 minute insights
- Good life is built on strong values, such as integrity, love, honesty, and purposeful work.
- You never have to cheat to win.
- What is right is more important than who is right.
- You will be the same year after year, except the people you meet and the books you read
- You can get what you want in life by helping others to get what they want
- Lead with your ears
- Success occurs when opportunity and preparation meet
- It’s not that who you know who counts, it’s who knows you and what they think of you count.
- When you see moment impacting your destiny, seize the opportunity.
- Humility help you to be open to learning and growing of your field of expertise.
- Take care of your numbers and your number will take care of you.
- To create a successful business, you must first master the basics.
- For mentor to be effective, you must be enthusiastic and committed protege
- Always visualize your desired outcome ahead of time.
- In sales or any other business, you are constantly on stage, so act like it.
- Ambitions is the fuel that can drive life changing event
- Identify what you are passionate about doing and look to do more of it.
- Don’t be afraid to dream big.
- Don’t quit your day job until you have some success under your belt
- If nobody would pay you for your passion, then you have a hobby, not a career.
- On the entrepreneur path, few people come into your life without a reason.
- Becoming a successful entrepreneur and having a spouse are not mutually exclusive
- When it comes to finding a life partner, character and value trumps personality and looks
- To build a great marriage, especially when you are an entrepreneur, make sure you spend time together outside of meals and sleeping.
- You and your spouse are a team, act like one.
- 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 revenues
- Don’t be a banker of your customer, timely collection of invoices are crucial.
- Your customers are your company’s lifeblood. They pay the bills.
- Nurture your people, they make it all happen. Without them, you have no company.
- Unless you want to do all the work, you have to think of ways to come up with new sources of revenues.
- If you focus only on managing cost, your business will never grow.
- Don’t be afraid to seek advices when your business goes to a new level.
- Making a profit is alway a necessity if you want to stay in business.
- As an entrepreneur, the secret of success is to generate CASH, CASH, CASH. Without good cash management, you will never make it as an entrepreneur.
- Profit is the applause that you get for taking care of your customer and creating a motivating environment for your people.
- Look for moment of truth of your customers to create the kind of experience you want them to have.
- Listen to your customers, discovering their ideas for improving the customer experiences can make your company’s vision and service even better.
- Don’t create a company of ducks, let your people soar like eagle to deliver superior eagle service.
- Working people today want a partnership relationship, not a top down hierarchy.
- Everyone should be encouraged to be a leader.
- An effective performance management system help people win rather than rating and berating them.
- The best management includes day to day coaching that catches people doing thing rights and redirect their efforts when they are off base.
- Work as if life is about getting A’s
- Passionate people and loyal customers drive success in your organization.
- Long term success is about more than making tomorrow’s number
- Relationship can deteriorate when they aren’t nourish.
- A strength taken to an extreme can become a liability.
- Keep your priority in order. Work to balance your business life with the rest of your life
- Continuously to seek the wisdom of your mentors.
- It’s better to patiently implement a solid business strategy than rapidly pushing for growth.
- The wrong leader can send you off to directions you don’t want to go. The right leader at the right time can help steer things in the right directions.
- To live a happy and fulfill life, be generous with your wealth, time and talent.
- Giving can be much more rewarding than receiving.
- We all leave legacies. Be intentional about making a positive difference with yours.
- You can’t predict the good that can get from helping and forgiving someone.
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