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SCALING SMART

HOW TO DESIGN A SELF-MANAGING BUSINESS

An indisputably helpful guide to the finer points of entrepreneurial expansion.

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Rich and Kathy Fettke present a book of tips and tricks for growing a business.

As is stated in the introduction, the goal of this work is to help entrepreneurs with an obvious, though difficult, task: growth. This is not a book for readers dreaming up new businesses but rather a guide for those seeking to transform what they have already built “from a time-sucking, stress-inducing monster into a well-oiled, income-generating machine.” Chapters cover subjects including developing a winning company culture, recruiting the right employees, and determining the ways in which new technology (like artificial intelligence) can be of assistance. It all begins with an entrepreneur’s personal vision: Business creators need a “clear target” of where they want their businesses to go (one should not try to grow too quickly, the Fettkes caution). The authors also emphasize the importance of creating a strategic plan including an organizational chart so that it is clear who will do what in a company. Clarity and organization are common themes, as evidenced by the advice about working with partnerships: “Written agreements prevent disagreements.” Throughout the chapters, the authors, a husband-and-wife team, share their experiences of working in real estate. Their down-to-earth approach has much to offer: Readers learn everything from what constitutes a useless meeting (and how to avoid one) to how a great team can make all the difference. (The authors also recount some less-than-great teams they have encountered, such as one including an employee who used work emails to promote her own events that “made anything on OnlyFans look tame!”) Though the book is full of practical content, some of the text can read as obvious or vague. A quote from the founder of Groupon exhorts readers to “Hire great people and give them freedom to be awesome.” Solid advice, but perhaps easier said than done. Nevertheless, as each chapter ends with a handy list of “Takeaways,” the content is easy to navigate. Readers will be comforted knowing they need not attempt the arduous task of growing a business alone.

An indisputably helpful guide to the finer points of entrepreneurial expansion.

Pub Date: Sept. 10, 2024

ISBN: 9781960178169

Page Count: 288

Publisher: BiggerPockets

Review Posted Online: Aug. 19, 2024

Kirkus Reviews Issue: Oct. 15, 2024

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THINKING, FAST AND SLOW

Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our...

A psychologist and Nobel Prize winner summarizes and synthesizes the recent decades of research on intuition and systematic thinking.

The author of several scholarly texts, Kahneman (Emeritus Psychology and Public Affairs/Princeton Univ.) now offers general readers not just the findings of psychological research but also a better understanding of how research questions arise and how scholars systematically frame and answer them. He begins with the distinction between System 1 and System 2 mental operations, the former referring to quick, automatic thought, the latter to more effortful, overt thinking. We rely heavily, writes, on System 1, resorting to the higher-energy System 2 only when we need or want to. Kahneman continually refers to System 2 as “lazy”: We don’t want to think rigorously about something. The author then explores the nuances of our two-system minds, showing how they perform in various situations. Psychological experiments have repeatedly revealed that our intuitions are generally wrong, that our assessments are based on biases and that our System 1 hates doubt and despises ambiguity. Kahneman largely avoids jargon; when he does use some (“heuristics,” for example), he argues that such terms really ought to join our everyday vocabulary. He reviews many fundamental concepts in psychology and statistics (regression to the mean, the narrative fallacy, the optimistic bias), showing how they relate to his overall concerns about how we think and why we make the decisions that we do. Some of the later chapters (dealing with risk-taking and statistics and probabilities) are denser than others (some readers may resent such demands on System 2!), but the passages that deal with the economic and political implications of the research are gripping.

Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our minds.

Pub Date: Nov. 1, 2011

ISBN: 978-0-374-27563-1

Page Count: 512

Publisher: Farrar, Straus and Giroux

Review Posted Online: Sept. 3, 2011

Kirkus Reviews Issue: Sept. 15, 2011

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THE CULTURE MAP

BREAKING THROUGH THE INVISIBLE BOUNDARIES OF GLOBAL BUSINESS

These are not hard and fast rules, but Meyer delivers important reading for those engaged in international business.

A helpful guide to working effectively with people from other cultures.

“The sad truth is that the vast majority of managers who conduct business internationally have little understanding about how culture is impacting their work,” writes Meyer, a professor at INSEAD, an international business school. Yet they face a wider array of work styles than ever before in dealing with clients, suppliers and colleagues from around the world. When is it best to speak or stay quiet? What is the role of the leader in the room? When working with foreign business people, failing to take cultural differences into account can lead to frustration, misunderstanding or worse. Based on research and her experiences teaching cross-cultural behaviors to executive students, the author examines a handful of key areas. Among others, they include communicating (Anglo-Saxons are explicit; Asians communicate implicitly, requiring listeners to read between the lines), developing a sense of trust (Brazilians do it over long lunches), and decision-making (Germans rely on consensus, Americans on one decider). In each area, the author provides a “culture map scale” that positions behaviors in more than 20 countries along a continuum, allowing readers to anticipate the preferences of individuals from a particular country: Do they like direct or indirect negative feedback? Are they rigid or flexible regarding deadlines? Do they favor verbal or written commitments? And so on. Meyer discusses managers who have faced perplexing situations, such as knowledgeable team members who fail to speak up in meetings or Indians who offer a puzzling half-shake, half-nod of the head. Cultural differences—not personality quirks—are the motivating factors behind many behavioral styles. Depending on our cultures, we understand the world in a particular way, find certain arguments persuasive or lacking merit, and consider some ways of making decisions or measuring time natural and others quite strange.

These are not hard and fast rules, but Meyer delivers important reading for those engaged in international business.

Pub Date: May 27, 2014

ISBN: 978-1-61039-250-1

Page Count: 288

Publisher: PublicAffairs

Review Posted Online: April 15, 2014

Kirkus Reviews Issue: May 1, 2014

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