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- Herausgeber: Business Book Summaries
- Kategorie: Fachliteratur
- Sprache: Englisch
The must-read summary of Lewis Schiff's book: "Business Brilliant: Surprising Lessons from the Greatest Self-Made Icons".
This complete summary of the ideas from Lewis Schiff's book "Business Brilliant" shows that in order to change your own personal financial destiny for the better, you first have to change the way you think and then change the way you act day-by-day. This summary highlights the seven mental habits that will help you become business brilliant and the LEAP method for using this brilliance to get rich.
Added-value of this summary:
• Save time
• Understand key concepts
• Expand your knowledge
To learn more, read "Business Brilliant" and find out how you can become brilliant and raise your income.
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Seitenzahl: 37
Veröffentlichungsjahr: 2014
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Book Presentation Business Brilliant by Lewis Schiff
Book Abstract
About the Author
Important Note About This Ebook
Summary of Business Brilliant (Lewis Schiff)
Book Presentation Business Brilliant by Lewis Schiff
Book Abstract
MAIN IDEA
Most middle-class people believe the keys to financial success are:
Do what you love and the money will followPut your capital at risk to get aheadDiversify the ways you make moneyHave a success attitudeThink like a millionaireYet when a 6-yearlong study was carried out of self-made millionaires who came from middle-class families, it was found none of them had followed that conventional wisdom. Instead, they subscribed to a completely different set of guidelines and thereby had become “business brilliant” rather than settling for merely being highly educated or well qualified professionally.
If you want to change your own personal financial destiny for the better, aspire to become business brilliant. First change the way you think and then change the way you act day-by-day. You do this by adopting the seven mental habits of the wealthy and then using the LEAP methodology:
“I believe that if you master one-half or just one-third of the Business Brilliant techniques, your income will rise. But first you have to be willing to accept that changing your behavior and following through on a few everyday practices can bring you financial successes you may have only dreamed of.”
– Lewis Schiff
About the Author
LEWIS SCHIFF is executive director of Inc. magazine’s Business Owners Council – a membership organization for entrepreneurs and business owners. In addition to to maintaining a blog which is published on the Inc.com Web site, Mr. Schiff is also the author of three books including The Influence of Affluence and The Armchair Millionaire. He previously worked as a consultant to TheStreet.com, as senior managing principal for CEG Worldwide and as CEO of Investorama.
The Web site for this book is at www.business-brilliant.com.
Important Note About This Ebook
This is a summary and not a critique or a review of the book. It does not offer judgment or opinion on the content of the book. This summary may not be organized chapter-wise but is an overview of the main ideas, viewpoints and arguments from the book as a whole. This means that the organization of this summary is not a representation of the book.
Summary of Business Brilliant (Lewis Schiff)
1. The seven mental habits of the ultra-wealthy
1. Passion: By all means do what you love, but follow the money
Conventional business wisdom suggests passion is vital and if you do what you love, you’re more likely to be successful. Self-made millionaires don’t generally agree. For them, it’s more important to follow the money – to do the things which people value and want and then to put yourself in a position to benefit from that demand.
To illustrate, take the example of Guy Laliberté, the founder of Cirque du Soleil. In 1983, the Quebec government allocated $1.6 million for a traveling circus to celebrate the province’s 450th birthday. Guy Laliberté, then aged twenty-three, was appointed to head up the planning. What resulted was a chaotic mess of a traveling circus which toured Quebec for12weeks.
To try and keep the circus going, Laliberté convinced the government to underwrite another series of shows in 1985. The fledgling circus operation ended the year $750,000 in debt. Cirque du Soleil then got a big break – it was booked to open the Los Angeles Arts Festival. All 30 performances were sold out and the group returned to Quebec with $1.5 million and big plans to expand.
Laliberté realized there was a niche in the marketplace for circus-as-theater. He reasoned theater goers were accustomed to paying higher ticket prices than circus goers. Therefore, Laliberté invested in better costumes, more lighting and more practice so each performance could be molded into a theatrical experience. Laliberté also suggested turning Cirque into a private for-profit company with himself and two other administrators as owners. This move was highly controversial and caused many of his original team to leave but he persisted.
Under Laliberté, Cirque has grown to become one of the largest, most profitable entertainment brands in the world. It today has nine touring companies, six different shows running year-round in Las Vegas and a permanent show based at Disney World. Laliberté has become a billionaire because he followed his passion but also due to the fact he had Cirque du Soleil follow the money. Today, Laliberté’s net worth is around $2.5 billion.
