Financial Freedom and Freedom from Your Business
Most small businessmen end up being slaves to their business. They cannot take a few weeks vacation, let alone take off for a year - or the business would fall apart. Yet, it should be your goal to build a business in such a way, that you don't have to be personally involved in day-to-day operations. Unfortunately, most of us, including most MBAs, are taught how to work in an already existing business - but are not taught how to create a brand new business structure. First book on the list - E-Myth Revisited - is written from the perspective of building a business system that will allow the owner not to be involved in daily operations - to own the business, yet be free from that business. If you want to build or buy a business, this may very well be the most important book in your life.
You can also visit www.wealthencyclopedia.com for more information and recommended readings on wealth, investing, taxes and business. Good luck!
5 must read small business books
The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It
Learn to build a business that supports you - the owner, not the other way around. Unique perspective, rarely mentioned
even in the best MBA programs. Learn to work ON your business, not IN your business. If you read only 1 business book - this is the one.
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Amazon Price: (as of 10/15/2008)
The E-Myth Manager: Why Most Managers Don't Work and What to Do About It
E-Myth Revisited looked at the business from the perspective of the owner. E-Myth Manager is a look from the perspective of a manager working within the structure set up by the owner. Great for getting a better understanding of how the managers need to act in your business. It's also great for managers who work for others - it will radically improve the way you manage - and what you manage.
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Amazon Price: $11.53 (as of 10/15/2008)
The 4-Hour work Week: Escape 9-5, Live Anywhere, and Join the New Rich
Practical application of the ideas in the E-Myth - taking advantage of the 21st century technology - including personal outsourcing. And funny too.
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Amazon Price: $16.47 (as of 10/15/2008)
How to Buy a Great Business With No Cash Down
If you ever wanted to own a business - either to build one or to buy one - this one is for you. It will stretch your mind and give you mental flexibility that you have not thought possible before. I have read it and re-read it over the years. Truly a classic.
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Amazon Price: $31.37 (as of 10/15/2008)
Starting on a Shoestring: Building a Business Without a Bankroll
If you haven't been blessed with a large trust account in your name, yet still want to own a business, you should read this book.
While it's primarily about retail businesses, the principles of cash flow management and conserving resources - and their practical applications - will be useful for anybody starting a business.
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Amazon Price: $29.95 (as of 10/15/2008)
Small Business Training
For the record: I am not associated with E-Myth and do not have any financial incentive to plug their stuff - I just think they are great.
So check them out: E-Myth.com
Listen to E-Myth CDs while driving
The Emyth Seminar
EMyth seminar recorded - it really helps to hear him talk - stuff that was not clear , or did not seem important in the book, suddenly takes on a whole new meaning. Good way to start your day - listen while driving to work.
Amazon Price: (as of 10/15/2008)
Useful Links
please visit our sister site
Top 10 Stock Market Books.
For the stock market investors, we also offer info on the benefits and drawbacks of using Exchange Traded Funds (ETFs) as investments. Click here to go to WealthEncyclopedia.com to read about ETFs.
If you were looking for books by Robert Kiyosaki - his stuff did not make it into the top 5 - however,
click here for a page that reviews Kiyosaki's various books, games and CDs.
Still shopping? here are good places to find toys
- this site lists toys made in America - given the latest recalls of offshore made toys, shopping for American made products makes even more sense.
1000 toys NOT made in China
- Squidoo lens with lots of American and European toys.
Happy Holidays
And a few more places to check out
More about ETFs.
Couple other lenses to visit - to take a break from the money game:
Fun
and more fun
Back to money stuff:
Wealthencyclopedia.com
Internet Business
As a matter of fact, it's easier than ever to start a small business on the internet.
There are of course million books on how to do it.
You have already seen one - The 4 Hour Work Week -
but that stuff is actually pretty advanced.
For a more introductory, yet very practical text,
I can't think of a better book than Yanik Silver's
"Moonlighting on the Internet".
It shows 5 different internet businesses that anybody can build - with detailed examples and case studies. He is not promising you overnight riches - but once you get started, each could generate a solid income, and they would reinforce each other.
More important, from my perspective, you can start each one with very little capital.
If you want to start a business that has a potential to free you from the rat race, yet, like me, you are chicken about quitting your day job - get this book, pick a business that appeals most to you and get going.
Moonlighting on the Internet
Discounted Business Resources on eBay
Jay Abrahma changes the way you think about marketing and selling - breakthrough stuff.
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Discounted Subscriptions to Business and Finance magazines
SmartMoney (1-year)
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Amazon Price: $12.00 (as of 10/15/2008)
Usually ships in 1 to 3 months
Kiplinger's Personal Finance magazine
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Amazon Price: $12.00 (as of 10/15/2008)
Usually ships in 1 to 3 months
Fortune (1-year)
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Amazon Price: $29.98 (as of 10/15/2008)
Usually ships in 4 to 6 weeks
Inc. (1-year)
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Amazon Price: $9.97 (as of 10/15/2008)
Usually ships in 1 to 3 months
Brian Tracy on eBay
Brian Tracy provides solid business information, in praticular about selling - the lifeblood of every business.
Fetching new data from eBay now... please stand byIdentity Theft Protection
Other places to visit:
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Top 10 Stock Market Books
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Apple iPhone 3G and iPhone backup batteries
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So the new iPhone 3G is out. Sure looks slick. As usual, Apple is doing a great marketing job. As for the phone itself - to be honest, I am not that impressed. Maybe when they come up with some really cool applications - after all, it's being billed...
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Best of Robert Kiyosaki
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Robert Kiyosaki became famous a decade ago with his Rich Dad, Poor Dad book. Since then he has produced lots of books, CDs, games. Besides generating a lot of controversy, he has also done a credible job of teaching many poeple how to approach invest...
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IRA Retirement Accounts
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The 2 preferred tax advantaged vehicles for retirement investing are Individual Retirement Accounts (IRA), and 401k employer sponsored plans. They differ in the contribution limits - IRA limit is $5000 per year, while 401k limit is $15500 per year. T...
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