Top positive review
38 people found this helpful
I have to recommend this book to wanta-be entrepreneurs as a small business book worthy of being purchased and read.
on May 9, 2008
This book was pretty good. The authors have written a small business book that includes what most other startup guides or workbooks include that are packed with good content on the subject. However, these ladies have written the book specifically targeting young women or stay-at-home moms. The writing style is very similar to the book by Michelle Goodman entitled "The Anti 9-5 Guide" (ISBN: 1580051863).
Interestingly "The Boss of You" is endorsed by Ms. Goodman and it shares the same publisher as Ms. Goodman's book. And we learn from reading the book that the authors and Ms. Goodman have become friendly while writing the book. If you liked Ms. Goodman's book, then you will like this book, too - I'm pretty sure.
This book is full of questions a wanta-be entrepreneur needs to ask when trying to conceptualize a startup and get it up and running. In a way this was a workbook as well as a guide. Early in the book there are exercises that the authors want the reader to complete in writing. I thought that was wonderful. They cover the following topics quickly and well:
1. Business goals
3. Identify your strengths (and weaknesses)
4. Identify your product and/or services
5. Identify who you are going to sell to
6. Figure out your costs
7. Create an appropriate and good name for the biz
8. Jot all this down in some sort of a plan
I would have liked the book more if it had gone more heavily into home-based businesses and Internet marketing. It's my hunch that those topics are on the mark with the target audience of this book. I also would have liked to have seen a discussion of a formal business plan. I know the authors say there probably is no need to write a formal plan, but they do indicate some sort of plan is a good idea. By providing a brief overview of a formal plan the reader could put together a "some sort of plan."
The authors talk about having formed a partnership when they started their Web design business in 2000. And they talk about the importance of having a written Partnership Agreement. But on the back cover of the book the name of their company has an INC at the end of it. So did they start a partnership or did they start a corporation? The book doesn't say much about Choice of Legal Entity - either theirs or the options available. I personally would recommend that readers consider a Limited Liability Company (LLC)instead of a mere partnership. And for the multi-member variety of LLC I would highly recommend creating a written Operating Agreement which is much like a partnership agreement.
I loved the little sidebars in this book. And I thought the book was well outlined. However, it came across a little wordy in the beginning for me when it was clear the authors were trying to create a certain feel for the book and cater to young women and housewives. That just was not my cup of tea. But the book is packed with good real life experiences and words of wisdom from two ladies (and others) who have successfully started their own small business. And, as a result, I have to recommend this book to wanta-be entrepreneurs as a small business book worthy of being purchased and read. 4 stars!