Friday, October 14, 2011

Inspiring Reads

I've just finished several really great leadership and entrepreneur books. If you have any desire whatsoever to create products (games?) and/or start a business or even get a promotion, you should check some of these out.

The first was Good To Great by Jim Collins. This one is a little old (pre-2001), but still contains many timeless truths.

Next was EntreLeadership by Dave Ramsey. I'm a huge Dave Ramsey fan, and this book did not disappoint. It walks you through how to set up a business and lead with integrity and passion. Lots of great ideas even if you don't want to be a CEO.

Finally, I just finished The Other 8 Hours by Robert Pagliarini. This book encourages you to pursue a better life with the hours you normally spend watching American Idol and playing Minecraft (I only do one of those activities, BTW). He outlines several different ways to super-charge your income potential.

One very clever bit of advice from this book: how to get necessary services to move your business venture forward but without shelling out lots of money up front. Pagliarini gives the example of needing a new website. You find a great company, but they will charge you $5,000 to build the site. So instead of paying this large amount, you offer them $500 now plus 25% of all ad revenue up to the $18,000 level. This is worth exactly $4,500--the balance of the service. But then you also offer 15% of all ad revenue up to the $168,000, 10% up to $618,000, 5% up to $2,418,000, and 1% up to $15M. The deal is capped at this point.

What this means is that this web company gets $500 now, a great chance at getting all their money, plus a decent chance to make lots more. And a small chance to make a small fortune (possibly around $300K). You can see how this sort of thinking could be applied to all sorts of other business arrangements, both to hire new partners and to do work for others.

So what are your dreams? Turn those dreams into goals and get moving today!

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