The World's Best Book Summaries
Do you own a business? How do you use your earnings? How can you use that income to generate even more income? If you run a business, you may be tempted to save your income for a rainy day (or to put in your pockets). However, the authors of Who Not How say that you’ll actually make more money, and faster, if you use that money to invest in hiring more employees. Here is why you should invest in employees rather than saving your money.
What does the book Scaling Up say about your business’s vision and values? How do they impact growth? In his book Scaling Up, Verne Harnish discusses what you need to do to successfully guide your business as it grows from a small company or sole proprietorship into a firm employing hundreds or thousands of people. He argues that, first, you must articulate a clear vision for what you ultimately want your company to be—anchored by a core set of values. Keep reading for insights from the book Scaling Up.
Why should you hire an expert rather than trying to do everything yourself? In what three ways are you wasting time if you don’t hire an expert? Many business owners and managers struggle when it comes to giving up control—they strive to do everything on their own. However, rather than saving you time and money, doing everything yourself will often cost more money and waste your valuable time. Here is why you need to give up control and hire an expert.
How do Scaling Up and the Rockefeller Habits compare? How do they address 21st-century business realities? Author Verne Harnish presents the ideas in his book Scaling Up as a “2.0” version of the Rockefeller Habits—the business principles that guided the career of John D. Rockefeller. Both frameworks provide insights for successfully growing your business, with Scaling Up modernizing the Rockefeller Habits for our time. Read more to learn about Scaling Up and the Rockefeller Habits.
Why is it better to hire an expert to do a difficult job for you rather than trying to do it yourself? How can you go about finding the right person for the right job? In their book Who Not How, Sullivan and Hardy say that you will always be better off hiring somebody to do a job for you than trying to figure it out yourself. Not only are you guaranteed to get a better result, but it may even end up cheaper than if you try to do it yourself and end up making the situation worse. Here’s
What is cognitive inertia? How do you overcome status quo bias? Cognitive inertia is the tendency to resist change and ignore new information that contradicts prevailing beliefs. You can overcome inertia by considering counterarguments to your position and forcing yourself to act in ways that contradict your stale beliefs. Read on to learn more about cognitive inertia.
What strategies can help you successfully scale your business? What practical actions can you take to keep your organization growing? Scaling Up’s Verne Harnish offers four strategies for scaling your business. He discusses how to form a strategic thinking group, adapt to changing circumstances, evolve the structure, and move beyond the founder. Read more to learn these strategy tips to successfully scale your business.
How can hiring more personnel help you improve your personal relationships? What two things can you do to improve your mutually beneficial relationships? Mutually beneficial relationships aren’t always focused on romance—it’s important to deepen your connections with others, even at work. In their book Who Not How, Sullivan and Hardy explain that there are two ways of strengthening your personal relationships: by giving generously and by engaging wholeheartedly. Continue reading to learn how personal relationships benefit both parties and how to grow them.
What is the doubt avoidance tendency? How can you control your fight or flight response? The doubt avoidance tendency is the inclination to make quick, poorly thought-out decisions during stressful situations. The pressure to remove doubt causes you to make ill-informed choices. You can control this tendency by scheduling deliberate delays when under pressure to carefully strategize before reaching a final decision. Read on to learn more about the doubt avoidance tendency.
What are the keys to building an effective team? How should you approach new hires and current team members? An all-star team is crucial to successfully grow your business. In Scaling Up, Verne Harnish offers three tactics for building an effective team—two for new hires and one for current employees. Read more to learn how to build an effective team.