Customer Reviews

Low Risk, High Reward: Practical Prescriptions for Starting and Growing Your Business

5 star:		(12)
4 star:		(4)
3 star:		(3)
2 star:		(3)
1 star:		(0)

 

 

Regardless what business you are in or contemplating on starting Low Risk High Reward is a good book to help you avoid the pitfalls that overcome so many businesses.

Good book by Reis

I see some reviews here with much disparity, some liked it other didn't. Everyone is entitled to their opinion I guess and I guess it alld epends on your level of experience and knowledge.

I enjoyed Low Risk High Reward and feel better suited to start a business as result. I am not now in a business but hoping to start one soon.

I really don't underatnd the 5 star ratings and raving reviews. I didn't see anything good inthis book. In fact it is the first book that I bought and threw away.

The low rating here at Amazon (not even in the top 300,000) should be a clue.

I am getting ready to launch a new product and this book gave me some great insight on how to research and launch products. Very good material not available anywhere else.

I'm giving this 3 stars because it does provide some good information albeit basic. Didn't find a whole lot of WOWSA information, but it did remind me of things that I forgot and for that it deserves 3 stars.

The book does offer some insights that you will not find anywhere else. Worth a read even if you just borrow it form the library.

In today's world with women fleeing corporations to start their own businesses coupled with mature executives forced out of corporations due to mergers or downsizing, Bob Reiss' book is a life raft. Frankly, I think risk management is the least important lesson Reiss offers. His real gifts are how to get started, how to build the company, and how to create, build, and sell products not only to the buyer but to the consumer. For those with a great idea who may be financially challenged, he also offers info on how to create a cash flow, a product cost analysis, a break-even analysis, and a business plan that will help get money. If ever a book were written for the fledgling entrepreneur or entrepreneur wanna-be, this is it.

Reiss' book gives ideas you can use obviously gleaned from his personal experiences "where the rubber meets the road."My sons are buying my business and I've given them the book as assigned reading; particularly the chapter"Numeracy".I personally used his ideas from the chapter "Building the Company" about how to get free publicity instead of paying for advertising. I'm building a condo project and received 8 newspaper articles, with photos- some front page- in three different newspapers! The articles generated 16 inquiries and 1 sale so far.Bob's 16 common attributes of entrepreneurs in Chapter 1 are fascinating. I teach literacy to a foreigner who is keenly interested in business and I used this chapter with him.If you own a business, want to or deal with entrepreneurs, get this book and study it!

I wouldn't waste my money on this and I didn't.

In the second chapter of his book, Reiss writes about the key numbers that all CEOs running companies should know. He refers to this stuff as 'numeracy,' and he writes clearly on how you need to understand these numbers to get a clear sense of your company's health. He also advocates that CEOs take regularly scheduled snapshots of these companies by updating cash-flow statements, performing cost analysis on products, and doing break-even analyses for the company and all products. A firm understanding of these numbers limits the number of surprises that can wreak havoc on the company. "Tinkering at the margins is what most businesses are really about," Reiss writes. It's not a matter of coming up with anything remarkably new, but borrowing other's time-tested ideas, improving on them a bit and then executing. Clear stuff from someone with experience.