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Midas Touch: Why Some Entrepreneurs Get Rich-And Why Most Don't Hardcover – October 4, 2011
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Top Customer Reviews
I highly recommend this book for several reasons:
First and foremost, this book is about entrepreneurial mindset or frame of mind. This book is not about how to run a business. I found this perspective particularly valuable as I am currently personally shifting my mindset from that of being an employee to that of an entrepreneur.
Secondly, this book looks at the changing nature of the U.S. economy and how entrepreneurs must position themselves for success today and in the future. In this regard, I was reminded of the book title, What Got You Here, Won't Get You There
Thirdly is the discussion surrounding the Business- Investor Triangle which illustrates the 8 Integrities of Business. While this concept might not be new to some readers, what makes this information valuable is the discussion regarding how the entrepreneur should approach the triangle.
Finally, there is the discussion about what it takes for the entrepreneur to move from self employment to a business status as defined by Robert Kiyosaki's CASHFLOW Quadrants.
I found the book to be a quick, engaging read. Based on their experiences, Trump and Kiyosaki have identified five key factors of entrepreneur success. Each of the key success factors is a chapter in the book. Trump and Kiyosaki believe that to achieve success, today's entrepreneurs must master all five factors or attributes.Read more ›
p13 "Entrepreneurs need to work 24/7 in the start-up phase, often working for free for months and even years. Its the number of hours worked for free that defines entrepreneurs and separates them from employees.
The number of hours working or practicing for free also determines the level of success you will have in anything….This is why its best to keep your daytime job and build your business in your spare time….you may be working for free for a long time.”
According to this book the cornerstones of a successful entrepreneur are:
Strength of character
Little things that count
My favorite is strength of character which is essentially the entrepreneurial spirit. They defined this on p1 as “The entrepreneur’s ability to dream, win, lose and win again is often called the entrepreneurial spirit. It is what separates the entrepreneur from everyone else in business. It is what separates those who want to be entrepreneurs from those who can be entrepreneurs.”
I appreciate this book not being overly long as well. Most business books go on and on avoiding the heart of the issue basically padding the book with fluff to increase the book's size. This one does a good job with sticking to the core of the content. Again, great book and a must-read for every entrepreneur.
Tony Rogers Jr
Author of Visionary:Making a difference in a world that needs YOU
I read this to understand the character of Trump during this presidential election year. While the objective of the
book is to clarify the big picture thought process and behaviors that help an individual become a successful
entrepreneur, I sought, via Trump's numerous personal anecdotes in the book, to better grasp who he is.
While this book was written in 2011, and most presidential candidates like to author books in preparation for a run for
the presidency, and it could be argued that Trump has been preparing to run for the presidency for the last 30 years,
and so these books are prepared revelations for the voting audience, his writing style is effective and comes across as
genuine. It is more like an in the moment brain dump of a string of personal experiences over a period of decades, rather
than some contrived powdered up version of saintly reality.
My takeaway from this and other Trump books is that he is not a fluke. His success is a by product of his character
traits. These character traits which one glimpses upon in the book, help explain his presidential aspirations.
Most Recent Customer Reviews
The Art of the Deal meet Rich Dad Poor Dad in this brilliantly tag teamed classic. The attitude packed behind the business tips is amazingPublished 9 days ago by Brendan
Don't waste your money on the Trumps... they have enough. They need to learn how to live like the REST of the world. What a waste of time and paper.Published 16 days ago by JoSmoh
Amazing book! If you want to be an entrepreneur you MUST read this book.Published 1 month ago by Amazon Customer