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October 22, 2019 By Ron Schutz Leave a Comment

Business Advice Sources

The biggest lie that many entrepreneurs buy into is “I can do it better, faster and delegating is a waste of money.”

Boy, does that limit one’s growth.  Time is the one resource we all have the same- twenty four hours.  How we value each hour is what makes a big difference.  One way to decide time allocation is to seek out mentors.

Finding a mentor, or mentors, is a wonderful source of inspiration.  Someone who has done it before can better appreciate your feelings and frustrations.  Two things I initially look for is, have you (mentor) made a payroll?  Have you (mentor) failed?  If one has not failed, in my opinion, they have not taken real risk.  Failure is an excellent teacher.  For me, failures are a better teacher than success.  It is painful to fail; no one sets out to do that.  It is just the price we pay to better appreciate and be thankful for our success.

There are many resources for us to use.  Being comfortable in the experience should be a part of the process.  Yet, with each interaction, you should feel stretched.  Did you take away one or more salient points that can have immediate impact on your productivity?  Write down the worth you took away for the money spent (and more importantly, the value of your time).

A math example of value of time would be the firm does $1,000,000 revenue per month.  Ten people contribute to this success; with 20 productive days per month (interruptions, breaks, distractions consume the rest of the days).  With an 8 hour day, that works out to 160 hours of potential productivity per month!  Divide 160 into $1,000,000- each hour is worth $6,250, about $100 per minute.  How much does it cost you to buy you an hour extra of focus time per week?

Mentors can help give you those tools.  A few examples that you might consider are:

  • Dan Sullivan The Strategic Coach
  • Vistage
  • Young President’s Organization
  • Entrepreneurs Operating System using EOS Implementers. They apply principles discussed in the book TRACTION- Get a Grip on Your Business by Gino Wickman.

Talk to your vendors, other business people you respect and read.  Today it is easy to get books on tape or Podcast downloads.  Make your driving time productive.  Back in my “drive around” days, I constantly listened to recordings by anyone who seemed to have a solid message.

Today, I prefer paper and the tactile experience of touching the page.  I make notes in the back of the book about items of consequence and put a “dot” next to the paragraph to find it again easily.

Included is a partial list of books that has helped frame my thoughts.  American Fathers is my recent rendition of writing my combined experience and wisdom acquired over a collection of both failures and success.

 

Missed Fortune Andrew, Douglas R.
The Declaration of Independence Applewood Books
The Constitution of the United States Applewood Books
The Book of Excellence Baggett, Byrd
Friendship Marketing Baron, Gerald
The Great Depression of 1990 Batra, Dr. Ravi
Selling the Invisible Beckwith, Harry
The Genius of the Beast Bloom, Howard
A Demon of Our Own Design Bookstaber, Richard
Slouching Toward Gomorrah Bork, Robert H.
Making Our Democracy Work Breyer, Stephen
Transitions Bridges, William
How to Run Your Business So You Can Leave It in Style, 4th edition Brown, John H.
Laid Back in Washington Buchwald, Art
First, Break All the Rules Buckingham, Marcus & Curt Coffman
Now, Discover Your Strenghts Buckingham, Marcus & Donald O. Clifton, Ph.D.
The Coming Economic Earthquake Burkett, Larry
Strictly Business Cahoone, David K, & Larry W. Gibbs with Michael R. Nall
Managing Upside Down Chappell, Tom
Start-Up Smarts Cohen, Barry H. & Michael Rybarski
Capturing Customers.com Colombo, George
Readings in Financial Planning Cordell, David M. & Barbara S. Poole, editors
The 7 Habits of Highly Effective People Covey, Stephen R.
The Talent Code Coyle, Daniel
Flawed Giant Dallek, Robert
Your Money: Frustration of Freedom Dayton Jr., Howard L.
The Doctor’s Wealth Preservation Guide DeFrancesco, Jr., J.D., Roccy M.
Straight Talk Book No. 6 – The Value Habit Deloitte Development LLC
Contrarian Investment Strategies: The Next Generation Dreman, David
Managing in the Next Society Drucker, Peter F.
The Pirates of Manhattan Dyke, Barry James
The Power to Connect Easler, Teresa & Chuck with Mark Cosgrove
Nation Builder Edel, Charles N.
American Titan Eliot, Marc
Crash of the Titans Farrell, Greg
The 10-Minute Marketer’s Secret Formula Feltenstein, Tom
Driving to Perfection Fielkow, Brian L.
Getting to Yes Fisher, Roger & William Ury
The Rise of the Creative Class Florida, Richard
Money Forbes, Steve & Elizabeth Ames
The World is Flat Friedman, Thomas L.
Nuts! Frieberg, Kevin & Jackie
How to Close Every Sale Girard, Joe with Robert L. Shook
The Tipping Point Gladwell, Malcolm
David and Goliath Gladwell, Malcolm
Outliers Gladwell, Malcolm
Customer Satisfaction is Worthless – Customer Loyalty is Priceless Gitomer, Jeffrey
Unleashing the Ideavirus Godin, Seth
The Associated Press Stylebook and Libel Manual Goldstein, Norm editor
How to Hire and Develop Your Next Top Performer Greenberg, Herb & Harold Weinstein & Patrick Sweeney
The Streetcorner Strategy for Winning Local Markets Hall, Robert E.
The Federalist Papers Hamilton, Alexander & James Madison & John Jay
Hammer Hammer, Armand with Neil Lyndon
The Road to Serfdom Hayek, F. A.
Pay Checks and Play Checks Hegna, Tom
The Decision Makers Heller, Robert
Double Double Herold, Cameron
Iacocca an Autobiography Iacocca, Lee with William Novak
The $10 Trillion Opportunity Jackim, Richard E. & Peter G. Christman
136 Effective Presentation Tips Jeary, Tony & David Cottrell
Blue Ocean Strategy Kim, W. Chan & Renee Mauborgne
Creative Capitalism Kinsley, Michael, editior
Ford, The Men and the Machine Lacey, Robert
Thou Shall Prosper, second edition Lapin, Rabbi Daniel
The Corporate Athlete Loehr, Jim & Jack Groppel
Real Estate Investment Trusts Lucia, Raymond, CFP
Surviving the Storm Lunney, James with Larry Chambers
Swim With the Sharks Without Being Eaten Alive Mackay, Harvey
Beware the Naked Man Who Offers You His Shirt Mackay, Harvey
The Handbook of Financing Growth, 2nd edition Marks, K.H. & L.E. Robbins, G. Gernandez, J.P. Funkhouser, D.L. Williams
What They Don’t Teach You at Harvard Business School McCormack, Mark H.
The Breakthrough Company McFarland, Keith R.
All Business is Show Business McKain, Scott
The Advisor’s Guide to Money Psychology Mellan, Olivia with Sherry Christie
Free People, Free Markets Melloan, George
Selling with Integrity Morgen, Sharon Drew
Andrew Carnegie Nasaw, David
The Next Step for Business Owner Nieman, Nicholas K. & Andrew D. Horowitz
Unique Ability Creating the Life You Want Nomura, Catherine & Julia Waller
Prodigal Press Olasky, Marvin & Warren Cole Smith
Citizens of London Olson, Lynne
Managing Management Time Oncken, Jr., William
Cowboy Ethics – What Wall Street Can Learn from the Code of the West Owen, James P.
Money Talks Peter Pauper Press, Inc.
In Search of Excellence Peters, Thomas J. & Robert H. Waterman, Jr.
Camelot and the Cultural Revolution Piereson, James
Business Valuation Body of Knowledge Pratt, Shannon P.
Business Valuation Body of Knowledge Workbook Pratt, Shannon P.
Free Cash Flow and Shareholder Yield Priest, Willaim W. & Lindsay H. McClelland
Selling Your Business Robb, Russell
Top 10 IRA Mistakes Royer, David F.
The Wall Street Journal.  Complete Retirement Guidebook Ruffenach, Glenn & Kelly Greene
The Trouble with Mutual Funds Rutner, Richard
Dirty Little Secrets Sabato, Larry J. & Glenn R. Simpson
Big Data Baseball Sawchik, Travis
Financial Truths for the 21st Century Schutz, Ronald P.
Beyond Majority Thinking Schutz, Ronald P.
Fierce Conversations Scott, Susan
The Forgotten Man Shlaes, Amity
You Can Make It But Can You Keep It? Sierk, III, R. Wesley
Managing Foundations and Charitable Trusts Silk, Roger D. & James W. Lintott
The Advocate Singer, Sandy
Private Capital Markets Slee, Robert T.
The Advisor Century Sullivan, Dan with Gordon Arlen
Margin Swenson, M.D. , Richard A
The Black Swan Taleb, Nassim Nicholas
Strategic Steps to Building Your Web Site Taylor, Ed
First Principles Taylor, John B.
Worldwide Laws of Life Templeton, John Marks
The Money Masters Train, John
Integrated Generosity Trewitt, Mark
Grow Rich Slowly Underwood, Don & Paul B. Brown
American Tempest Unger, Harlow Giles
The Team Success Handbook Waller, Shannon
Built to Sell Warrillow, John
Locking Arms Weber, Stu
America’s Fiscal Constitution White, Bill
Traction Wickman, Gino
Breaking the Rules Wright, Kurt
The Prize Yergin, Daniel
The Commanding Heights Yergin, Daniel & Joseph Stanislaw

Filed Under: Entrepreneurship, Startup Advice

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