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Go Broke, Die Rich: Turning Around The Troubled Small Business Paperback – November 30, 2011
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From the Author
Over the years I have seen too many businesses fail, not because of lack of customers or sales, but due to poor management. So, I wanted to warn my clients about all the pitfalls that there are out there for the small business owner. But to do that would take a lot of time, more time than any client would be willing to invest face to face. So, I decided to write a book that I could give out to my clients with a detailed explanation of everything that could go wrong with their business. It was my hope that they would read about these problems before they reared their ugly heads in their own businesses. To accomplish this I wrote Go Broke, Die Rich as a light, entertaining read, complete with stories about actual cases that I have dealt with in the past.
One of my critics complained that the book was basic and dealt with fundamentals and not for the seasoned or savy businessman. Well he is right about it being about the fundamentals of running a business. That's exactly what I intended as I have seen even experienced businessmen forget or ignore fundamental principals of running a business and end up in bankruptcy. More often than not, the businesses I filed bankruptcies for over the years, were owned by very talented, intelligent people. Often times they were great salesmen, designors or artists, but they didn't know how to run a business. They didn't know or appreciate the many pitfalls that are discussed in my book.
I'm sure many of the things I discuss the reader will be familiar, but I guarantee you there will be many things the reader doesn't know. Things that could save him hundreds, if not thousands, of dollars and a boat load of grief, if he pays attention and heeds my advice.
About the Author
William Manchee has been helping small business owners for over thirty-five years as a Dallas attorney. He has a broad range of experience including initial organization, financing, operations, estate planning, civil litigation, bankruptcy, and reorganization. Originally from California, Manchee moved to Plano, Texas in 1970 where he graduated from SMU Law School in 1975. His writing career began in 1995 when he wrote the first of eighteen published novels. Go Broke, Die Rich his only non-fiction work which he hopes will provide inspiration and hope for the thousands of small business owners who find themselves constantly struggling for survival.
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Top Customer Reviews
Frankly, I have many ideas floating around in my head regarding future business opportunities and have always been concerned about how to make a business thrive and be successful. It seems that no matter how great an idea may be, if you don't have the right plan, backing and determination it won't work.
As a man who quickly learned his dislike for working for someone else, William Manchee has a great grasp on why many of us want to become successful business people ourselves. Fresh out of college and looking for work, he felt the strain of others opinions and requirements upon him. The idea of stepping out and being his own boss called to him and eventually won out. Becoming a lawyer who often advised small business owners himself, Manchee picked up many ideas, tips and thoughts along the way to help you become the most successful business person you can be.
He covers everything from business start-up, stretched budgets, looming threat of bankruptcy and all those icky tax issues none of us like to think of on a personal level let alone a business level. I was impressed with his knowledge of bookkeeping/tax/money end of small businesses. There was very little within his pages regarding taxes and hiring employees that I didn't nod my head and agree with. I felt that this book was truly a great start for someone who finds themselves in over their head in a newer small business or someone like myself who is always thinking of a new business endeavor and how to make it possible.
This book doesn't give the "secret to success" nor does it "guarantee you won't fail" but it does give very practical and useful information that if taken seriously and weighed against all the other factors of a business (like supply and demand, quality and need) could definitely help prevent the close of an existing business or assist and making a new business succeed. Updated from his original manuscript called "Yes, We're Open, Defending the Small Business Under Siege", Manchee gives sounds advise to those who are willing to listen and take heed.
Not my typical style of book to review, I found this an easy to read and well written work. I was interested in it when the opportunity presented itself because, like anyone else out there - I'd love to be my own boss full time and be successful. Not just barely floating along, but well above water and making strides toward climbing ashore and building that great resort on a deserted island! Manchee is obviously knowledgeable in the areas he writes of and has an ease about his writing that makes it a simple read. Most books of this nature tend to be boring, but his cute and witty poetry at the beginning of the chapters makes you smile and keeps you guessing as to what riddle he will solve next. I easily can give the book 4 stars and have gladly turned it over for my boyfriend to read and glean from as well. Although this is not a book for everyone, definitely a book for the ambitious potential business owner or the struggling to survive business owner.
My husband and I own our own tractor trailer, so we do say this is our business. We do our schedule C each year, get a 1099 from the company he is leased onto, and well, unfortunately, pay our own repairs, tolls, fuel, etc. Even if we have just 1 employee, (my husband), this book provided some very excellent advice and suggestions for our long term and short term goals! It also has a lot of important information for me and our small online business.
It doesn't much matter what business, how big or small, this is a guide that should be considered a required read for every entrepreneur.
It certainly isn't boring by any means, the author will keep you cracking up at parts, with his witty poetry, and you will be sure to relate to some of the poetry and some of the personal stories about the author, or his clients.
He starts out with a bit about his life, his education, mistakes, and his family, and goes into honest detail about what happened to his family, how they made choices, and so on.
He also touches on just about everything, in great detail about specific business failures, very common mistakes, and explains how to not make those mistakes yourself.
William Manchee has been advising small business entrepreneurs for over 30 years, so who better to offer tips and ideas on how to succeed in today's economy?
From problems with taxes, to lawsuits to employee theft, to legal issues, to starting over to bankruptcy, everything you need to know and understand is in this book. I guarantee you'll learn something from it, it doesn't matter how many years you have experience with your small business, and I am positive you will gain some very important knowledge that could possibly save your family and business.
I know the price for an attorney and adviser is pretty steep, but when you think about how much it would save you and your family in the long run, it is in your best interest to have one. That being said, I also believe that this book offers more then your money's worth, and you will almost feel guilty for only paying a little over $10 for such a valuable book!
I would of course, recommend this book to anybody who aspires to make it big, succeed, own a small to maybe not so small business, and anybody who already owns a small business. You'll find something in here that will be sure to help you, along with quite a few laughs.
Don't feel threatened by the author's experience and education, he has written this book in very easy to understand language, charming, and all very common and real problems and dilemmas that don't have to destroy everything you worked so hard for. It may even save your marriage or household finances!
**I received a copy of this book in return for my honest review**
In William Manchees new book, Go Broke, Die Rich: Poetry for the Ailing Entrepreneur, he fully explains the reasons, as he sees them, why small businesses do not succeed. If you think about people you know that have tried and failed with a small business, from the outside, it is easy to say that they should have done this or that and they would be successful. But in reality, 3/4 of the small businesses that fail COULD actually be successful with the right tools and direction. This book, while it doesn't give you a magic potion for succeeding, does walk through the steps to turn your business around if it is close to failure.
The author speaks from experience as he has run several small businesses himself and watched as numerous colleagues fail in business and then in marriage because of financial troubles. This book is an easy read and it makes so much sense! He provides solutions and strategies to help you turn around your business and get it on the right track - most of it is common sense!
My husband and I both read this book because we own a small business together and other businesses on our own. We both gleaned some great information and found it to be very helpful! I highly recommend that anyone that owns a small business read this book - whether you are successful or your business is on the decline!
If you would like to win a copy of Go Broke, Die Rich, visit my Facebook page at [...] and tell me why! One winner will be randomly chosen
Most Recent Customer Reviews
William Manchee grew up in Ventura, California in the 60s. After obtaining his BA from UCLA in 1965 he and his family moved to Texas in 1970 where...Read more