Choosing the best entrepreneur books is something of a challenge for people who are just getting started. It’s tough to evaluate which books are going to provide valuable insights and which ones will ultimately waste your time and money.
While we could tell you that One Million in the Bank has won awards, you’ve probably read several award-winning books in the past that ultimately did not help you achieve your dreams. Here are 10 reasons why One Million in the Bank is going to provide you with a different experience.
1. One Million in the Bank creates realistic expectations
The glitz and glam story that many entrepreneur books promote says that the millionaire lifestyle is achieved primarily when one designs some great, new, innovative app that revolutionizes existing ways of doing things. Let’s face it, this misperception even leads people to conclude they can’t become millionaires, as most of us don’t know the first thing about programming. Alternatively, many entrepreneur books may tell you that launching an “Internet marketing” business is the way to become rich and famous.
But the truth is, 80% of most millionaires are self-employed business owners who have put their efforts into a tried-and-true business like the ones you interact with every single day. Millionaires open roofing businesses, retail stores, and even laundromats. One Million in the Bank focuses on those kinds of businesses. Author Michael L.F. Slavin will even tell you why you should focus on selling real people real goods, instead of attempting to start a 100% “online” business or waiting to leap onto the next technology craze.
2. One Million in the Bank shows you how to find investors without going on Shark Tank
Most traditional businesses will never be that interesting to big-wig venture capitalists, and that’s great news. Venture capitalists really are looking for the next big idea. They’re also looking for a business they can make “go public” in a very short period of time so that they can skyrocket the value. Then, they want to turn around and sell it. Often, the actual entrepreneur is forced out of the process along the way.
Meanwhile, there are quiet investors in your own neighborhood who just want to help their local economies while making an outstanding return on their investment. This book will show you how and where to find them. You receive a step-by-step method for uncovering them and an actual script for approaching them.
3. Less motivation, more action
There’s a place for inspirational, “you can do it,” speech and, yes, One Million in the Bank incorporates some motivational words. However, most of the book focuses on the practical steps you can take to get yourself closer to business ownership and a million in the bank. You could essentially write yourself a to-do list blueprint just by reading the book.
4. Real people, real stories
When One Million in the Bank does focus on inspiration, it does so by sharing the stories of real life millionaires who started from the bottom and made it work. These are people just like you: people who got up every morning hating their cubicle job, and middle class or even lower class people who were barely scraping by.
Nobody suddenly inherited a million dollars. They didn’t do it by writing books and selling seminars about making millions of dollars (you know, the ones that make it sound like everyone on earth should quit their job). So many entrepreneur books focus only on the author’s successes. While Michal L.F. Slavin does take the time to establish his credentials, he also focuses far more of his attention on other people. He also shows there are a variety of ways to make it to the top, which is great news for those of us who hate to write and are afraid of public speaking.
5. You will change your thoughts…but not the way you expect
The occasional dive into “the power of positive thinking” seems to be the norm for just about any entrepreneur book. We all know the drill. “Change your thoughts, change your life.” “Believe it, receive it.” “Visualize it, and it can be yours.” Sadly, positive thinking alone will not make you a millionaire.
One Million in the Bank addresses your thoughts without repeating and rehashing any of these tired old statements. Instead, you’ll learn that yes, you do have to change your thoughts, but eliminating cognitive biases that prevent you from seeing opportunities is the way to get it done. He’ll show you exactly how to do that so you don’t miss the next big opportunity that comes your way.
6. You’ll learn where to focus your efforts next
One Million in the Bank won’t do everything for you. You’ll still have to seek out as much information as you can and learn from as many reputable sources as possible.
But when you’re done reading it, you’ll understand that your next book purchases should be books about how to write a really good business plan, books about how to sell, books about how to effectively market your business, and books about improving both your leadership and your management skills. You’ll have a great foundation for understanding the material in all those subsequent books because author Michael L.F. Slavin already gave you a foundation.
Ultimately, of course, the goal will be to stop reading and to start doing. After you finish One Million in the Bank you will feel absolutely no “analysis paralysis.” You’ll take concrete steps toward building the business that will support your dreams, even as you look for new ways to educate yourself in how to be successful.
Sources:
http://www.investopedia.com/financial-edge/0810/7-millionaire-myths.aspx
