The World's Best Book Summaries
What is the five forces model? How can you use the five forces to conduct business analysis? The five forces model is a model used in Understanding Michael Porter to break down why some businesses are profitable. The five forces model uses several key components of a business’s operations and its position within the industry.
What Rich Dad, Poor Dad‘s cash flow chart, and what can it teach you about managing and making money? The Rich Dad, Poor Dad, cash flow chart addresses an important basic principle of finance: having consistent cash flow helps make you rich. You can look to the Rich Dad, Poor Dad cash flow chart to understand how money generates money.
Who was the gynecologist that excised tissue from Henrietta Lacks? Why did Richard Wesley TeLinde want her cells? How did TeLinde use the cells for research? Richard Wesley TeLinde was a well-known gynecologist and the superior of the doctor treating Henrietta Lacks at Johns Hopkins. Dr. TeLinde was interested in the treatment and progression of carcinoma in situ, meaning noninvasive carcinoma. Learn about how Richard Wesley TeLinde’s research interests changed the course of science.
Who was the geneticist that may have revealed Henrietta’s real name? How did Victor McKusick attempt to dupe the Lacks family? Did McKusick and his postdoctoral fellow Susan Hsu do anything wrong? Victor McKusick is the geneticist at Johns Hopkins that studied the genes of Henrietta Lacks’ family. He and Susan Hsu were working on the issue of HeLa contamination. Find out what Victor McKusick and Susan Hsu did, and whether it was legal.
Are you looking for tips and advice on how to create wealth, and don’t know where to start? In Rich Dad, Poor Dad Robert Kiyosaki outlines his philosophy for learning how to build wealth with the ultimate goal of becoming financially independent. In the book, he focuses on how to create wealth for the long term so you can make the most of your money.
What does it mean to pay yourself first? How can paying yourself help you build wealth? The definition of “pay yourself first” means to invest in assets and other strategies that can help generate wealth, BEFORE paying your bills. The idea of “pay yourself first” will help create more wealth in the long and short term.
What is the Rich Dad, Poor Dad rat race? Does the book tell you how to escape in? In Rich Dad, Poor Dad, the rat race is the never ending cycle of earning money and owing money, so you get caught in a loop and never truly do what you want to do in life. The Rich Dad, Poor Dad rat race is the thing that drove the author to the Rich Dad’s financial philosophy; to generate enough wealth to achieve financial independence.
Scope creep is the tendency for companies to extend their product to do more than it really should. Managing scope creep is vital for building an enduring, successful business strategy. By effectively managing scope creep, you can help your business grow without risking loss of identity or your business plan.
What is the threat of new entrants? What does it mean for your business? The threat of new entrants is the possibility of new, direct competitors to your business. As one of the five forces, the threat of new entrants is a critical concern for many businesses, especially in fast-changing industries.
Who were Henrietta Lacks’ children? How did they cope with the tragic death of their mother? What happened to Henrietta Lacks’ kids as they got older? Henrietta Lacks’ children are Lawrence, Elsie, Sonny, Deborah, and Joe. After her death, Henrietta Lacks’ kids were cared for in part by cousins that turned out to be abusive. Read about Henrietta Lacks’ children, what happened to them in the decades after she passed, and how the use of HeLa cells affected them.