| The E-Myth Revisited by Michael Gerber |
|
The
E-Myth is a classic in the field of small business. I have both the original
E-Myth and the Revisited version, I find the
Revisited slightly more approachable. Gerber splits the business owner
personality into three competing identities: The Entrepreneur, who looks to
the future and comes up with the big ideas, the Technician, who actually
does the work (and who can prevent you from owning a business instead of
owning a job), and the Manager who follows up, organizes and creates
systems. He says you need a balance of all three. |
| |
|
| The Cashflow Quadrant by Robert Kiyosaki |
|
Cashflow
Quadrant is becoming a “new classic” with Kiyosaki’s
approach to two things: the definition of an asset, and the focus split into
four quadrants:
E, S, B and I. His assets are things that generate cash—so
not
your car and usually not your house. He encourages you to get more assets
and
fewer liabilities. The four quadrants are Employee, Self-Employed, Business
Owner and Investor. He suggests each level offers a greater degree
of control and freedom in your life. Gerber is trying to get
you to
the Business Owner stage at least. |
| |
|
| The 80/20 Principle by Richard Koch |
|
I
love this book because it encourages lazyness! Koch’s idea is that you
get
80%
of your results from 20% of your efforts. I first heard this as applied to writers:
3% of all writers make 97% of the money. Koch advocates doing tasks you’re
particularly
suited to, and not doing other tasks. My personal
example is that it is much
more
effective for me to prepare another tax return than to do laundry—and I can
make
much more money working than I spend by “sending it out.” |
| |
|
| Purple Cow by Seth Godin |
|
Godin has produced many marketing books, and I like this one because it encourages
you to differentiate your business. In a sea of brown cows, a purple cow is
remarkable, will cause people to sit up and take notice, and be interested
against the background “noise” we
all encounter
in
daily life. |
| |
|
| Your Money or Your Life by Dominguez and Robin |
|
Another classic, this one on
evaluating what it takes to feel “rich” and what you give up to
blindly follow the herd. A primer to 80/20 in a way, they ask you to evaluate
the time you're spending working so you can afford the fancy car you need
to drive to work. |
| |
|
| God Wants you to be Rich by Paul Pilzer |
|
A book on what I’d call “abundance economics” with
a different look at prosperity. His salient example is the $20,000 car
that now costs
$15,000 to buy, but instead of buying the comforts of 10 years ago, people
opt to purchase a new $20,000 car—seems statistically to be the same price,
but you get a “better” car for the same money. Pilzer also says
there are unreported gains in fuel efficiency—you can drive much further for the
same
gallon of gas. |