One Million in the Bank How To Make $1000000 With Your Own Business Even If You Have No Money or Experience Michael L F Slavin Books
Download As PDF : One Million in the Bank How To Make $1000000 With Your Own Business Even If You Have No Money or Experience Michael L F Slavin Books
This is not a get-rich-quick book, but it will tell you how to be a millionaire in 3-7 years.
One Million in the Bank How To Make $1000000 With Your Own Business Even If You Have No Money or Experience Michael L F Slavin Books
My husband asked me to read this book for him since pregnancy has caused me to have sleeping troubles at night, and since he's been working extra he hasn't had the time. The book was well-reviewed and suggested by a few people on Quora, so after I finished my last book I moved onto this one and read it from cover to cover via Kindle.This book isn't terrible, it just isn't really good either. After reading it, the target audience I think would benefit the most from it are 1) people unfamiliar with very common online resources (i.e. LinkedIn, KickStarter, etc), 2) skim readers who need a motivational writer who repeats "one million in the bank", "SCORE", and "SBDC" so frequently that if I played a drinking game while reading this book I would have been hammered after chapter 1 and likely hospitalized by the end of the book.
The general idea of the book is "you don't need a novel idea to have a successful business made from seeing what other people are doing but doing it better". This might be novel to the tech startup folks fantasizing about moving to silicon valley to have the next big thing, but I didn't think this was as novel given I grew up with parents who had their own businesses. It promotes ideas that are common sense, but some people resist for no good reason such as, "have a normal job to develop on-the-job experience for what you'd like to do in the future" and "you don't have to go bankrupt starting a business, so please don't use your house as leverage".
It gives brief overviews of a lot of topics without any real beneficial depth, such as marketing, management, funding, etc...mainly referring readers to SCORE and SBDC as well as other non-profit organizations to get them going. Again, not terrible, just not really helpful.
The book does get 2 stars instead of one, however, because it did get some brain juices flowing during the first chapter, but otherwise I found it so repetitive it really didn't do anything but provide redundant entertainment when I couldn't sleep due to pregnancy pains.
Kindle is a good mode to read the book, since honestly there's no real need to flip back and forth as with most non-fiction books, so you'll be fine reading this one in a linear fashion.
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One Million in the Bank How To Make $1000000 With Your Own Business Even If You Have No Money or Experience Michael L F Slavin Books Reviews
If you are looking for a “get rich quick” book, One Million in the Bank is not for you. You would inevitably start paging through the book looking for “quick tips” to making your fortunate.
The book’s author, Mike Slavin, comes off as a good friend who wants to share his success with you. And when you consider that he made most of his net worth prior to writing this book, he is just that someone who wants to help people like you and me who want a chance to make the dream come true.
This book not only deals with the basics of finding the right business for you; how to get funding; and the long term skills needed to make it work, but also insight into subjects such as will power; changing habits and cognitive biases (I know it sounds complex, but I found it fascinating). In other words, the book covers all the bases.
Will this book guarantee you will ultimately put A Million in the Bank? Of course not, but if you want a fighting chance, read this book and give it your best shot. With Mike Slavin as your partner, the odds are on your side.
Recently there has been a tidal wave of business How-To and Self-Help books that make big promises but won’t make any significant difference in your success. “One Million in the Bank” is one of these books. This book is just a restatement and summary of general business basics, plus one part Inspiration, plus one part homespun folksy wisdom.
Good points
• If you have no business background or experience whatsoever (you’ve been slinging code for 18 years, etc.), this is a very good book for you. It presents a level-headed grounding in solid and modern business basics.
• If you are determined (for whatever reason) that you are going to start your own business, this is a very good book for you. It will give you some good ideas and some inspiration.
• The book is well written in simple language with no academic bombast or fixation on one particular approach. You can read (and enjoy) the book in 2 weekends.
• Author makes an excellent (and usually missed) point that in business (or anything) you are far more likely to succeed using a simple, proven, straightforward (and possibly boring) approach rather than attempting to concoct something novel or “innovative”.
• Jobs in Corporate America and The Government are not at all what they used to be. These days nobody knows how things are going to turn out. So, knowing how to run your own business is a very good idea.
Bad points
• If you have any significant training or experience in any sort of business, you will be disappointed in the book because you won’t find any new insights, perspectives, or discoveries. You will have seen every one of these points a zillion times before.
• The author is mistaken that starting your own business is a reliable path to “one million in the bank”. The great majority of people who have achieved financial independence worked for a corporation or the government, carefully saved and invested their money, plugged away at it for years, and eventually got there.
• For any new business to succeed, there is a certain magic factor, or luck factor, that has to happen. The universe needs to come together at the right time and place, and you get that break. The author misses this. (But, neither has anyone else seemed to understand or explore this factor.)
My husband asked me to read this book for him since pregnancy has caused me to have sleeping troubles at night, and since he's been working extra he hasn't had the time. The book was well-reviewed and suggested by a few people on Quora, so after I finished my last book I moved onto this one and read it from cover to cover via .
This book isn't terrible, it just isn't really good either. After reading it, the target audience I think would benefit the most from it are 1) people unfamiliar with very common online resources (i.e. LinkedIn, KickStarter, etc), 2) skim readers who need a motivational writer who repeats "one million in the bank", "SCORE", and "SBDC" so frequently that if I played a drinking game while reading this book I would have been hammered after chapter 1 and likely hospitalized by the end of the book.
The general idea of the book is "you don't need a novel idea to have a successful business made from seeing what other people are doing but doing it better". This might be novel to the tech startup folks fantasizing about moving to silicon valley to have the next big thing, but I didn't think this was as novel given I grew up with parents who had their own businesses. It promotes ideas that are common sense, but some people resist for no good reason such as, "have a normal job to develop on-the-job experience for what you'd like to do in the future" and "you don't have to go bankrupt starting a business, so please don't use your house as leverage".
It gives brief overviews of a lot of topics without any real beneficial depth, such as marketing, management, funding, etc...mainly referring readers to SCORE and SBDC as well as other non-profit organizations to get them going. Again, not terrible, just not really helpful.
The book does get 2 stars instead of one, however, because it did get some brain juices flowing during the first chapter, but otherwise I found it so repetitive it really didn't do anything but provide redundant entertainment when I couldn't sleep due to pregnancy pains.
is a good mode to read the book, since honestly there's no real need to flip back and forth as with most non-fiction books, so you'll be fine reading this one in a linear fashion.
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