The story of Sam Walton’s life is not just a story of a successful businessman, but rather an autobiography of the true American success story who started out in humble beginnings in the Midwest and compounded into the largest retail chain in the world. The book takes you through the story of how Sam took one retail shop and out competed all of his neighbors time and time again. From raising a family to recruiting his team, Sam Walton’s formula for creating a multi-billion dollar company is a true classic.
Sam Walton: Made In America simulates first-hand how the largest retailing empire ever was built long before Amazon ever existed. In scaling a business, especially a physical retail brand such as Wal-Mart there are many challenges that can come up. Sam succeeded in an era where technology was not prevalent by optimizing pricing, product promotions, retail locations, distribution systems and most importantly customer service. Sam overcame obstacle after objection and eventually thrived during a time when competing retailers were just struggling to survive.
Not only is Sam Walton’s story filled with wisdom, actionable knowledge and perception but the true gem inside the book is one for the ages.
You will learn the essential fundamentals firsthand from the very man himself. Sam explains it all from his eyes and experiences. An American legend, this book brings the reader back to the grassroots of industrialization and culminates in the building of the largest retailing brand in existence (at the time).
Sam Walton’s Top 10 Rules For Success
If you want to learn what these rules mean more in-depth, then I suggest you take the time to read the book. After all, it is only $7. The hard part, as so eloquently stated by Sam Walton is that the real challenge, is to constantly figure out ways to execute the rules and plans you have set for yourself. You can’t just keep doing what works one time, because everything around you is always changing. The world will always keep changing. To succeed, you have to stay out in front of that change, which means adaptability is key in a world of ever-changing circumstances.
“The secret lies in motivating kids who aren’t getting educated today to want to put themselves through school, and to make them understand the rewards they can expect when they do.” – Sam Walton
Meet a genuine American folk hero cut from the homespun cloth of America's heartland: Sam Walton, who parlayed a single dime store in a hardscrabble cotton town into Wal-Mart, the largest retailer in the world. The undisputed merchant king of the late twentieth century, Sam never lost the common ...
About the Book
Meet a genuine American folk hero cut from the homespun cloth of America’s heartland: Sam Walton, who parlayed a single dime store in a hardscrabble cotton town into Wal-Mart, the largest retailer in the world. The undisputed merchant king of the late twentieth century, Sam never lost the common touch. Here, finally, inimitable words. Genuinely modest, but always sure if his ambitions and achievements. Sam shares his thinking in a candid, straight-from-the-shoulder style.
In a story rich with anecdotes and the “rules of the road” of both Main Street and Wall Street, Sam Walton chronicles the inspiration, heart, and optimism that propelled him to lasso the American Dream.
The Alchemist is a gripping narrative about a young Andalusian shepherd named Santiago and his journey to find the greatest treasure in the world. This charming story follows Santiago on his journey to Egypt, after having a recurring dream of finding treasure there. Santiago travels across great distances and encounters crazy adventures in his quest for gold. Little does he know that the ultimate treasure is actually found deep within.
“To realize one’s destiny is a person’s only obligation.” – from The Alchemist
This dream was so prophetic that Santiago genuinely believed this was his ultimate goal in life. After deciding to travel to a Romani fortune-teller in a nearby town to discover its meaning, a gypsy woman tells him that there is a treasure in the Pyramids in Egypt.
Towards the beginning of his journey, Santiago meets an old king, named Melchizedek, who advises him to sell his sheep in order to travel to Egypt. He also introduces the idea of a Personal Legend, stating that your Personal Legend, “is what you have always wanted to accomplish. Everyone, when they are young, knows what their Personal Legend is.”
Along the journey, Santiago meets an Englishman who is in search of an Alchemist and together they continue their search for treasure. As they travel through the Sahara desert, Santiago meets and falls in love with a beautiful Arabian woman named Fatima. After a brief period of time, Santiago asks Fatima to marry him, but she tells him that she will only marry him after he finds his treasures. Perplexed by this, Santiago later learns that true love will not stop one’s Personal Legend, and if it does, it is not true love.
Eventually Santiago meets a lone alchemist who teaches him about Personal Legends. He shares his wisdom that people want to find only the treasure of their Personal Legends but not the Personal Legend itself. The alchemist states,
“Those who don’t understand their Personal Legends will fail to comprehend their teachings.”
If you are looking for a book that will inspire courage, this is the one. No matter what your dream, goals or visions are, the universe will conspire to help you achieve the things you want, regardless of how insurmountable the task seems. You must live the life you truly desire to its fullest extent if you want to look back on a life having worth lived.
The essential message is that treasure is more worthy than gold.
A special 25th anniversary edition of the extraordinary international bestseller, including a new Foreword by Paulo Coelho.Combining magic, mysticism, wisdom and wonder into an inspiring tale of self-discovery, The Alchemist has become a modern classic, selling millions of copies around the world an...
About the Book
A special 25th anniversary edition of the extraordinary international bestseller, including a new Foreword by Paulo Coelho.
Combining magic, mysticism, wisdom and wonder into an inspiring tale of self-discovery, The Alchemist has become a modern classic, selling millions of copies around the world and transforming the lives of countless readers across generations.
Paulo Coelho’s masterpiece tells the mystical story of Santiago, an Andalusian shepherd boy who yearns to travel in search of a worldly treasure. His quest will lead him to riches far different—and far more satisfying—than he ever imagined. Santiago’s journey teaches us about the essential wisdom of listening to our hearts, of recognizing opportunity and learning to read the omens strewn along life’s path, and, most importantly, to follow our dreams.
Accomplish more, in less time. To many starting a business to make extra money often symbolizes more work and more effort. Instead of working long hours, stacking your day with never ending to-do lists and generally feeling like you’re not accomplishing anything, consider working less. With tools and technologies available today, it is possible to create a luxury lifestyle even in unpredictable economic times. The 4-Hour Workweek has made me rethink my perspective on time and the goal of money – which is ultimately a means to freedom.
The 4-Hour Workweek by Timothy Ferriss is a life hacking approach for anyone who wants to live life on their own terms. Life hacking refers to any method that increases productivity and efficiency, in all walks of life.
What Kind Of Lifestyle Do You Want To Live?
Time and attention are the most important resources that we have. Phones, tablets, computers and e-mail are all competing night and day to suck up your valuable attention. In addition, by participating in a job where you are paid by the hour or salary rather than actual value creation, one actually has multiple reasons to not work and instead spend their time doing trivial things. You are getting paid either way, right?
The bureaucracy of a corporate workforce oftentimes means that most time is actually spent in meetings, lunch breaks and commutes rather than value adding activities while hierarchal red tape limits power and slows down progress for hardworking employees. The person who benefits the most from working a job is the owner of the business. There is no incentive for a salaried or pay-by-the-hour worker to work harder. Why not finish the most important tasks related to your job, call it a day and leave early? You can’t, and therein lies the issue with a 9 to 5 .
Create a business for yourself (or a “muse” as Tim likes to call it), and the result (read: money) is a direct correlation of the work you put in. This passive income creates free time which can be redirected towards experiences such as learning languages, traveling the world, becoming an expert in martial arts, dance and even deep sea diving. Whatever it is you truly want to do.
The 4-Hour Workweek Methodology
Definition – Taking a holistic approach to time, money and happiness
Elimination – Strategies for selectively choosing the information you allow into your life
Automation – The meat and bones of how to create an automated business
Liberation – Hacking your way into the lifestyle you desire
Most business books focus solely on a system towards accumulation of wealth. With The 4-Hour Workweek, Timothy Ferriss takes a comprehensive approach to transforming work and life. After defining the problem, eliminating extra unnecessary activities and automating your “muse” business, Mr. Ferriss takes it one step further by introducing “liberation” as a step towards creating a personalized and fulfilling lifestyle.
The book begins by challenging old business concepts head-on and introduces the approach of the New Rich. The New Rich challenge the status quo by looking at business differently. Goal setting is pivotal. Fear is merely not having a plan.
Eliminate And Join The New Rich
Elimination is probably my favorite concept introduced. Concepts such as Parkinson’s Law defines the ability to accomplish a task as a direct correlation of time allotted and complexity. For example, if a term paper was given a month long deadline as opposed to a 24 hour deadline, it is more likely that it would suffer in quality. Pareto’s Principle is the 20/80 rule in effect, which states that 20% of the work you accomplish actually drives 80% of the results.
Combine these two laws in every decision you make and watch productivity escalate. Work smarter, not harder.
Tim refers to email as the ultimate time-waster as he strives to eliminate all the drama it brings. You will find the email autoresponder and voicemail templates to be equally as hilarious as they are effective.
“Being busy is a form of laziness–lazy thinking and indiscriminate action”
Automation And Outsourcing
In introducing automation, Tim highlights outsourcing as a new age concept. With services like YourManInIndia, elance and odesk (now Upwork), it is possible to outsource everything from research, email reading, forum posting, transcription to even Indian cuisine.
Then he guides the reader step-by-step with choosing a niche, building a product, testing and creating an automated virtual architecture. There is even a simple flow chart which highlights the entire logistical and monetization blueprint of his business. I found these maps to be a goldmine of information. The usage of the Internet to reach and serve millions of people is real. Since the release of this book in 2007, it is evident that it has inspired and spawned thousands, possibly millions, of similar passive businesses all over the world wide web.
Liberation is how you disconnect from the world and do what makes you happy. Telling your boss you want to work remotely overseas and increase productivity? Check. First class traveling on a budget? Check. Mastering cultural skills such as language, dance, music and sport? Simple and fun. These are all possibilities of lifestyles people work their whole lives towards, but in reality can be achieved with a bit of strategic maneuvering. Humorously, Tim even has a template for telling your boss off and quitting your job.
There are a few criticisms. The first is that Tim’s business is, in essence, one giant case study for how he built his business. While the use of virtual assistants is a pivotal part of his business model, it may not be the most effective method for your business. There are merits to outsourcing business tasks, however unless your business is completely automated and devoid of physical service then the majority of his methods probably aren’t completely applicable to most business models.
Overall, The 4 Hour Work Week is an inspiring, engaging handbook that will almost definitely lead you to take action.
More than 100 pages of new, cutting-edge content. Forget the old concept of retirement and the rest of the deferred-life plan–there is no need to wait and every reason not to, especially in unpredictable economic times. Whether your dream is escaping the rat race, experiencing high-end world trave...
About the Book
More than 100 pages of new, cutting-edge content.
Forget the old concept of retirement and the rest of the deferred-life plan–there is no need to wait and every reason not to, especially in unpredictable economic times. Whether your dream is escaping the rat race, experiencing high-end world travel, earning a monthly five-figure income with zero management, or just living more and working less, The 4-Hour Workweek is the blueprint.
This step-by-step guide to luxury lifestyle design teaches: •How Tim went from $40,000 per year and 80 hours per week to $40,000 per month and 4 hours per week •How to outsource your life to overseas virtual assistants for $5 per hour and do whatever you want •How blue-chip escape artists travel the world without quitting their jobs •How to eliminate 50% of your work in 48 hours using the principles of a forgotten Italian economist •How to trade a long-haul career for short work bursts and frequent “mini-retirements”
The new expanded edition of Tim Ferriss’ The 4-Hour Workweek includes: •More than 50 practical tips and case studies from readers (including families) who have doubled income, overcome common sticking points, and reinvented themselves using the original book as a starting point •Real-world templates you can copy for eliminating e-mail, negotiating with bosses and clients, or getting a private chef for less than $8 a meal •How Lifestyle Design principles can be suited to unpredictable economic times •The latest tools and tricks, as well as high-tech shortcuts, for living like a diplomat or millionaire without being either
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If you enjoyed this review of The 4-Hour Workweek, consider picking up a copy of the book on Amazon today.
As someone who majored in Industrial & Systems Engineering in college, the themes in The Lean Startup struck right at home for me. The concept of Lean is centered on value adding activities and reducing everything else. The Toyota Production System (TPS) implemented in the 1990s focused on eliminating waste at the original Toyota manufacturing plant in Japan. Their efficient manufacturing system subsequently became known as the first lean process. While lean methodologies have existed for some time, Eric Ries succeeds in putting an entirely new spin on the concept by applying it to innovation.
The Lean Startup Model
The Lean Startup innovation model focuses on creating a minimum viable product for the market and receiving customer feedback at each step of the way to improve the product. Oftentimes a rough draft of a working product is enough to gain valuable feedback.
The valuable thing about obtaining feedback is that you get an opportunity to hear ideas that would never have been thought of if the project had been refined to death by its developers. What if your team toiled away for years creating advanced software and the finished product doesn’t have the features the customer really wanted? Avoid this mistake by learning The Lean Startup methodology to ensure the final product is as optimized as possible.
Eric also introduces pivots as a means to take a new approach, if necessary, instead of starting over from scratch. This is in contrast to the old way of doing business where a product is launched only when it is fully functional and high quality in the creator’s eyes. Oftentimes, perfectionism can be costly both in time and in money. Eric does a wonderful job outlining how a product (online or physical) can be built and refined from a customer feedback loop.
Not only does The Lean Startup serve as a methodical roadmap for creating your business efficiently and effectively, but also the book delves into startup metrics that will give a new meaning to how you measure your progress. Ries calls this “innovation accounting”. Innovation accounting is a way of looking past the headline numbers such as revenue growth and instead track changes in customer adoption, retention, and usage patterns. A good supplier and contract management platform such as GatekeeperHQ will enable automation processes for your business that are data-driven.
A successful startup does not just flourish because of a brilliant idea. Success in a condition of uncertainty (in this case innovation) requires managing people through all the challenges of innovation and growth. It means understanding your customer and keying in on statistics that tell the true story of progress. Whether you are a product developer for a company or an executive at a high-tech startup or even a fresh-faced college graduate, this book benefits positions from all perspectives in every industry.
The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses
Most startups fail. But many of those failures are preventable. The Lean Startup is a new approach being adopted across the globe, changing the way companies are built and new products are launched. Eric Ries defines a startup as an organization dedicated to creating something new under condition...
About the Book
Most startups fail. But many of those failures are preventable. The Lean Startup is a new approach being adopted across the globe, changing the way companies are built and new products are launched.
Eric Ries defines a startup as an organization dedicated to creating something new under conditions of extreme uncertainty. This is just as true for one person in a garage or a group of seasoned professionals in a Fortune 500 boardroom. What they have in common is a mission to penetrate that fog of uncertainty to discover a successful path to a sustainable business.
The Lean Startup approach fosters companies that are both more capital efficient and that leverage human creativity more effectively. Inspired by lessons from lean manufacturing, it relies on “validated learning,” rapid scientific experimentation, as well as a number of counter-intuitive practices that shorten product development cycles, measure actual progress without resorting to vanity metrics, and learn what customers really want. It enables a company to shift directions with agility, altering plans inch by inch, minute by minute.
Rather than wasting time creating elaborate business plans, The Lean Startup offers entrepreneurs – in companies of all sizes – a way to test their vision continuously, to adapt and adjust before it’s too late. Ries provides a scientific approach to creating and managing successful startups in a age when companies need to innovate more than ever.
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