The World's Best Book Summaries
What skills do influential leaders possess? How do you use an influential team member to help your company? Influential leaders are those who can get others on board with their ideas. In their book Strengths Based Leadership, Tom Rath and Barry Conchie give advice for people who are highly influential in the workplace, including leaders and employees. Read below to learn more about influential leadership skills.
Why is inventory management important for small businesses? Where should you get funding to keep your business running? Once you’ve launched your product, you must maintain inventory and keep your product in stock. Running out of your product can be disastrous for your business: It prevents you from making revenue, destroys your sales momentum, and loses customer engagement. Let’s look at how to maintain inventory by receiving funding.
Are you well prepared for a negotiation? How do you make a good bargain that benefits both you and your opponent? When you’re face-to-face at the negotiating table, you want to strike the best possible deal. Experts have great advice on how to take advantage of new information and how to use the Ackerman model to craft your offer. Learn how to bargain by getting all the information you need to master the Ackerman model.
Why is relationship-building important in leadership? What type of qualities are required to build relationships in the workplace? Leaders who possess relationship-building skills are great at helping teams work together. They keep the environment positive by making people feel comfortable and respected. Discover more about the relationship-building leadership type, as read in Strengths Based Leadership by Tom Rath and Barry Conchie.
Should you scale or sell your business? How do you sell a business, if that’s what you choose to do? Once your business reaches a point of immense success, you have a big decision to make. You can either continue to grow your business or sell it to another company that’ll do the work for you. Continue reading to decide if selling your business is the right move for you.
What’s the Ackerman Model for negotiating? Why is the Ackerman Model a good alternative to traditional negotiating? Created by ex-CIA operative Mike Ackerman, this model is based on the offer-counteroffer system. It uses a tapering system that brings the ultimate number (whether it’s the price you’ll be paying or the price you’ll be receiving) closer to your preference. Below, we’ll explore some of the key steps in the Ackerman Model.
What’s the strategic leadership style? How can you be a strategic thinker as a leader? Strategic thinkers help their teams grow by analyzing performances and suggesting possibilities for improvement. These types of leaders are open to learning and asking questions to uncover new information. Let’s look at what it takes to be a strategic leader.
What does it mean to have a well-rounded education? Why is it better to be a generalist than a specialist? In the context of skill sets and education, a specialist is someone proficient in one area while a generalist has a wide range of skills, which they gain from a well-rounded education. If you want to succeed in the changing workforce, it’s better to be a generalist. Below we’ll look at why a well-rounded education will help you in your life and career, and what subjects are the most useful to learn.
What are the best ways to prepare to negotiate? What factors should you consider before entering a negotiation? Experts agree that preparing to negotiate is essential. We’ll cover the main ways to prepare for a successful negotiation—by preparing for the worst, planning your moves and countermoves in advance, determining your boundaries for the negotiation, and understanding what kind of negotiator you’re going up against. Take your negotiation preparation tactics to the next level below.
Where can you find suppliers to manufacture your product? Why is ordering samples from Alibaba better than making a prototype? Once you have a good idea of what you want to sell for your new business, you need to actually create it. According to 12 Months to $1 Million by Ryan Moran, the most efficient way to test out your product is to have a manufacturer send you several ready-made samples rather than a prototype. Keep reading to learn why ordering samples moves your company forward in the product development process.