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on May 25, 2011
I very much enjoyed this book. It does an excellent job assisting a non-business person (like me) in thinking about all of the things one needs to do to get a business on solid foundation before making such a huge investment (both in time and money).

The book is structured to cover one main topic per chapter, and it does so in an excellent way. The authors harp incessantly in the early chapters about making sure you have a profitable business idea, not just a good idea. I appreciated this because I believe there is an important distinction.

It also spends many, many pages discussing the importance of customer service. Another important point that many failed small businesses did not grasp. My partner was once turned away from a small business three times due to poor customer service policies despite him almost begging for the business's help (it was a battery store). The employees simply didn't want to take the time to help him. Now, they are unemployed or in a new line of work.

This book won't make you rich. It won't give you any good business ideas. However, it will give your business idea a stress test and help you improve any weaknesses in your existing plan. It is also sold at a good price ($9.89 for Kindle for me).

I would highly recommend this book for any person who wants to start a business but feels like they lack some business knowledge. Very good investment for the right person.
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on November 4, 2010
The common mistakes made by people starting businesses include choosing a bad business, choosing the wrong customers, selling the wrong product, using the wrong prices, not selling fast enough, not executing well, employing the wrong people and mismanaging growth, according to Edward Hess and Charles Goetz in this book.

The book goes on to describe how to manage each of these areas of a new business correctly so that the pitfalls are avoided. Most of the chapters deal with issues related to getting a new business going, but chapter 8 contains a crash course in principles for managing a business, chapter 9 gives advice on finding an employing good people, and chapter 10 discusses the issues that arise as a business expands.

There are plenty of books on starting a business, and most of them cover similar territory. However, most of them are not very interesting to read. What makes this short book stand out from the others is the clear, concise and engaging way in which it is written, with summaries of "lessons learned" at the end of each chapter and resources for further learning at the end. I would strongly recommend the book to anyone who is thinking about starting a new business or looking for some quick hints on how to run an existing business well.
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on November 8, 2010
The book is a useful run down of the things you NEED to think about before starting your own business. It poses questions you need to be able to answer about your own venture before runnng with it.

The only short coming of this book are the often short explanations about "how" to do something. This book answers more the "why" plan your business and "what" to plan but not really how to go about it.
12 helpful votes
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on December 10, 2011
I've read a lot of similar business books and this one knocks them all out of the water.

From talking to various MBAs, everything in this book is standard on their curriculum. And as a business owner, I can vouch for the material; having learned it the hard way over time. This should be a must read for anyone starting a business.

The book's more of a how-to and lists what you should be doing. It's not one of those "why it's great to be independently wealthy" or "why it's great to run your own business" books. It focuses on the nuts and bolts of making it happen; which is why I love it so much.
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on October 27, 2015
This was a very interesting and informative read! I have no background in business whatsoever, but I found this book very easy to understand. I highly recommend this book for anyone who is planning or thinking about starting a business.
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on February 5, 2015
Helpful with a course I took from Edward D. Hess with Coursera. The book and the course were both helpful in understanding how others systematically start and operate a business. However, my approach over the past 22 years is way different and it works for me.
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on November 8, 2008
If you are thinking about starting your first business, you are already counting the money you will make. Do yourself a favor and read this book before you make the leap. It will save you a lot of heartburn and after you have started.

Being a large business owner and the owner of a new startup company, I can tell you from personal first-hand experience every word in this book should be taken to heart. Be brave and go for it, but know the pitfalls that most people fall into after they have started their business.

One example from the book is that people who are ready to start their own business are counting the money they are already going to make. I have been there and done that. It was nice to see a book that will ground you so you don't make the mistake of succumbing to the negatives that outlook can have.

Read the book! Be successful! Make lots of money and do it wisely!
10 helpful votes
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on June 22, 2011
So, You Want to Start a Business?: 8 Steps to Take Before Making the LeapThis book is a very concise, well-written primer on business basics. Anyone thinking about starting out on their own should take an hour or two to read through this excellent book. Really liked the chapter on determining business value, profit margins and evaluating the competition.
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on March 17, 2014
I really liked the format of this book and the subject matter overview provided. This book serves as a great guide for those contemplating starting a business. It is filled with pointers and tips of things to keep in mind during business formation.
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on March 9, 2015
Thanks Ed!
I always have this book in my backpack where ever I go! It helps me to have a better view on starting a business!
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