Published on March 10, 2014
TAKEAWAYS FROM THE WORLD’S BEST BUSINESS BOOKS
Life’s too short to live on anyone’s terms but your own. 1
That “someday” you’re waiting for might never come. 2
Focus your energy on what drives the most results. 3
4 Acquire or build income-producing assets.
5 Focus on cash flow.
The only way to escape the “rat race” is to have monthly cash flow from assets that exceeds your monthly expenses. 6
Take calculated risks. 7
8 Work for profits, not wages.
9 Develop multiple income streams.
10 Be proactive.
11 Begin with the end in mind.
Put first things first. 12
Think win-win. 13
Seek first to understand, then to be understood. 14
Sharpen the saw: Take time for physical and mental renewal. 16
Everyone is given the same 24 hours in a day. 17
Your business doesn’t require a ton of risk or startup capital. 18
The difference between an amateur and a professional is their habits. 19
Be helpful. The money will follow. 20
Scale that help to reach as many people as possible. 21
The easy thing and the best thing often aren’t the same thing. 22
“Your competence is your security.” 23
Pour your heart and soul into your business. People will notice. 24
(If it sounds like real work, that’s because it is.) 25
Be first to market. But if you can’t be first, just claim a new market you can be first in. 26
You can’t be everything to everyone, so stop trying. 27
The best way to get noticed is to be remarkable. That is, markedly different from every other option. 28
Do what your competition isn’t doing. 29
Use reciprocity: When you give someone something, they feel compelled to repay you. What can you give? 30
Gain small commitments in advance of asking for a larger commitment. 31
Use social proof like testimonials, press mentions, and trust signals. 32
Be likeable. 33
Be an authority. 34
Use scarcity: Sometimes fear of missing out and playing hard to get can work to your advantage. 35
Ideas are worthless without execution. 36
Cultivate positive habits. 37
The stock market is a poor wealth accelerator. 38
The best way to make millions is to solve a problem that MANY people or businesses face. 39
Customer service isn’t a department within a company. It IS the company. 40
Out-care the competition, online and in-person, and people will begin to take notice. 41
The ultimate customer service question is: “How likely would you be to recommend Company XYZ to a friend or colleague?” 42
Happy customers do your marketing for you. 43
Ship early, ship often. 44
Launch, get feedback, and then make quick incremental improvements. 45
Less is more. Leonardo da Vinci once said, “Simplicity is the ultimate sophistication.” 46
Develop a 1-touch system for incoming items: Do it, Delegate it, Defer it, or Drop it. 47
Customers don’t buy WHAT you do; they buy WHY you do it. 48
Build your team: Get the right people on the bus. 49
Find the sweet spot at the intersection of: • What lights you up • What you’re best at • What makes you money 50
You are the CEO of your own life. Act like it. 51
Work ON your business, not IN it. 52
Make progress everyday. 53
Is your favorite missing? Add it in the comments below!
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