Summary: Making It on Your Own E-Book

BusinessNews Publishing

• Herausgeber: Business Book Summaries
• Kategorie: Fachliteratur
• Sprache: Englisch

Seitenzahl: 34

Veröffentlichungsjahr: 2014

Beschreibung

The must-read summary of Sarah Edwards and Paul Edwards' book: "Making It on Your Own: Surviving and Thriving on the Ups and Downs of Being Your Own Boss".

This complete summary of the ideas from Sarah Edwards and Paul Edwards' book "Making It on Your Own" shows that working for yourself can be profitable, enjoyable, flexible and secure. However, most people find it psychologically tricky when they first begin: they feel insecure with no boss pushing them towards targets and no steady paycheck. In their book, the authors suggest concrete ways to exploit every opportunity offered to you and to adjust your attitude in order to make the most of your new working life. This summary presents strategies for implementing organised systems to make everything easier and will give you the push you need to leave your old career.

Added-value of this summary:
• Save time
• Understand key concepts
• Expand your knowledge

To learn more, read "Making It on Your Own" and discover the endless opportunities that will come from working for yourself.

Leseprobe

Book Presentation: Making it on Your Own by Sarah Edwards and Paul Edwards1

Book Abstract

Important Note About This Ebook

Summary of Making it on Your Own (Sarah Edwards and Paul Edwards)3

Part 1: Developing a Profit-Based Mental Outlook Instead of Focusing on How Much You’re Being Paid

Part 2: Getting Organized So You Do Everything That Needs to Be Done to Achieve Success

Part 3: How To Effectively Manage Yourself To Become The Type of Boss You Always Wanted To Have

Part 4: How To Enjoy Your Success

Book Presentation: Making it on Your Own by Sarah Edwards and Paul Edwards

Book Abstract

MAIN IDEA

Almost everyone who leaves the security of a regular paycheck behind them to go into business for themselves struggles with the psychological challenges of being their own boss, rather than answering to someone else.

Yet, if these challenges can be mastered, self-employment actually offers the most profitable, enjoyable and secure employment opportunities available. The key to realizing these benefits lies in the approach taken – combined with the development of those personal traits which will underpin business success – such as confidence, motivation, self-discipline and self-assurance.

Develop the right attitudes and skills and self-employment can be liberating and highly rewarding. Not only can you survive, you will thrive and prosper. Fail to work on these skills, however, and being in business for yourself may become a minefield.

Fortunately, every person who chooses self-employment holds the power to create the future in their own hands. They can literally achieve whatever quality of life they’re seeking. It just requires them to make the proper adjustment to their mental mindset, and to successfully manage their own business careers.

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 Making it on Your Own (Sarah Edwards and Paul Edwards)

Part 1: Developing a Profit-Based Mental Outlook Instead of Focusing on How Much You’re Being Paid

Main Idea

Making the mental transition between working for someone else and working towards building your own business is often a daunting challenge. The focus shifts dramatically from a paycheck mentality to a profit centered way of thinking.

The key to making this transition doesn’t lie in strong capital reserves or even an impressive resume. Instead, the key lies in the way you think about yourself and your work.

Supporting Ideas

The traditional education system is not geared towards teaching people how to be in business for themselves. In fact, the education system is really working towards the goal of producing good employees – people who will show up on schedule, take breaks when scheduled and do whatever they’re told to do. That’s the payroll mentality – do what’s expected and you might even get a raise.

In the world of self-employment, however, having good work habits is irrelevant. In fact, there are no rules except one – do whatever it takes to make a profit. That demands an entirely different way of thinking and acting where even the most well intentioned advice others give you – like thinking positively and working hard – can be counterproductive.

Historically, people working for themselves have been described as entrepreneurs. In today’s business environment, however, entrepreneurs have been superseded by propreneurs. What’s the difference between the two?

Entrepreneurs create commercial endeavors that require considerable initiative and risk.Propreneurs work for a purpose beyond just building a business – they create a livelihood for themselves that enables them to do what they most enjoy doing. They enjoy doing the work of the business rather than building a commercial enterprise.

For an entrepreneur, the nature of the business is secondary to the success that can be achieved (measured in the terms of their own choice). For a propreneur, the nature of the business is the main motivation, and the need to be in business simply provides the opportunity to excel in a career they love.