Book Review on One Minute Enterpeneur

7/30/2019 Book Review on One Minute Enterpeneur

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CHRIST UNIVERSITY

10

BOOK REVIEW ON ONE

MINUTE ENTERPENEURMENTOR-MR. VINAYAK

KAPIL ARYA (1021356)


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TABLE OF CONTENT

S.NO TOPIC PAGE NO.

1 ABOUT THE BOOK 4

2 WRITING STYLE 5

3 ABOUT THE AUTHOR 6

4 MANAGEMENT LESSONS

SUMMARY

9

5 REVIEW 14

6 LEARNINGS 16

7 CRITIQUE 17


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ABOUT THE BOOK

Mega-bestselling author Ken Blanchard and celebrated

business leaders Don Hutson and Ethan Willis present

an inspiring story that reveals the secrets to becoming

a successful entrepreneur.

In THE ONE MINUTE ENTREPRENEUR, Ken Blanchard

(coauthor of the #1 bestselling

business classic The One Minute

Manager), Don Hutson, CEO of U.S.

Learning, and Ethan Willis, CEO ofProsper Learning, tell the inspiring

story of one mans challenges in

creating his own business. Through a

powerful and engaging narrative, we

confront many of the typical problems

all entrepreneurs face in starting up

their business, from finding new sources of revenue to

securing the commitment of their people and the loyalty of

their customers. More important, we learn the secrets to

becoming a successful entrepreneur, including how to build a

firm foundation, how to ensure a steady cash flow, and how

to create legendary service. In addition, the book offers

invaluable advice, delivered through One Minute Insights,

from such entrepreneurs and thinkers as Sheldon Bowles,

Peter Drucker, Michael Gerber, and Charlie TremendousJones.


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WRITING STYLE

The writing style of the book is based around advice given to Jud in hisstudent years by his high school football coach, that he carried with him the

rest of his life. That advice is to take note of the advice given to we by those

that are worthy mentors, having the successes we desire, and to write them

down so that we can forever come back to them. As such, this book is full of

a LOT of little highly valuable advice fragments, interwoven into a

fascinating and easy to read story. It is easy to come to love the lead

character and to hope for his successes and to fear as we watch him make

mistakes that are so easy to make.


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ABOUT THE AUTHOR

Kenneth Hartley Blanchard (born May 6, 1939) is an American author andmanagement expert. His bookThe One Minute Manager (co-authored with

Spencer Johnson) has sold over 13 million copies and has been translated

into 37 languages.[2]

He has coauthored over 30 other best-selling books,including Raving Fans: A Revolutionary Approach To Customer Service

(1993), Leadership and the One Minute Manager: Increasing Effectiveness

Through Situational Leadership (1985)

(in which he coined the term seagull

manager), Gung Ho! Turn On the People

in Any Organization (1997), WhaleDone! The Power of Positive

Relationships (2002) and Leading at a

Higher Level: Blanchard on Leadership

and Creating High PerformingOrganizations (2006).

[3]

Blanchard is the Chief Spiritual Officer

of The Ken Blanchard Companies[4]

, an

international management training and

consulting firm that he and his wife,

Marjorie Blanchard, cofounded in 1979in San Diego, California.

[5][6

Blanchard is an internationally best-selling author and motivational

speaker whose books have sold more than 18 million copies in 30

languages. Hutson is the CEO of U.S. Learning, a training firm, an

active speaker, and was on the founding board of the National

Speakers Association and served as its third president. Willis is theCEO of Prosper Learning, Inc., a winner of Ernst & Youngs

Entrepreneur of the Year award and an entrepreneurial coach, with

more than 150,000 students in 76 countries.
http://en.wikipedia.org/wiki/Managementhttp://en.wikipedia.org/wiki/The_One_Minute_Managerhttp://en.wikipedia.org/wiki/Spencer_Johnson_(writer)http://en.wikipedia.org/wiki/Ken_Blanchard#cite_note-1http://en.wikipedia.org/wiki/Ken_Blanchard#cite_note-1http://en.wikipedia.org/wiki/Ken_Blanchard#cite_note-1http://en.wikipedia.org/wiki/Seagull_managerhttp://en.wikipedia.org/wiki/Seagull_managerhttp://en.wikipedia.org/wiki/Ken_Blanchard#cite_note-2http://en.wikipedia.org/wiki/Ken_Blanchard#cite_note-2http://en.wikipedia.org/wiki/Ken_Blanchard#cite_note-2http://en.wikipedia.org/wiki/Ken_Blanchard#cite_note-3http://en.wikipedia.org/wiki/Ken_Blanchard#cite_note-3http://en.wikipedia.org/wiki/San_Diego,_Californiahttp://en.wikipedia.org/wiki/Ken_Blanchard#cite_note-autogenerated3-4http://en.wikipedia.org/wiki/Ken_Blanchard#cite_note-autogenerated3-4http://en.wikipedia.org/wiki/Ken_Blanchard#cite_note-autogenerated3-4http://en.wikipedia.org/wiki/Ken_Blanchard#cite_note-autogenerated3-4http://en.wikipedia.org/wiki/Ken_Blanchard#cite_note-autogenerated3-4http://en.wikipedia.org/wiki/San_Diego,_Californiahttp://en.wikipedia.org/wiki/Ken_Blanchard#cite_note-3http://en.wikipedia.org/wiki/Ken_Blanchard#cite_note-2http://en.wikipedia.org/wiki/Seagull_managerhttp://en.wikipedia.org/wiki/Seagull_managerhttp://en.wikipedia.org/wiki/Ken_Blanchard#cite_note-1http://en.wikipedia.org/wiki/Spencer_Johnson_(writer)http://en.wikipedia.org/wiki/The_One_Minute_Managerhttp://en.wikipedia.org/wiki/Management


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Donald Montgomery Hutson

Donald Montgomery Hutson(January 31, 1913 June 26, 1997)

was the first star wide receiver in

National Football League history.

He is considered by many to havebeen the first modern receiver.

[1]

In his senior season at the

University of Alabama in 1934, Hutson was a first team All-American forsix different organizations and a second team selection by one other. Afterhis career at Alabama, he joined the Green Bay Packers in 1935 and retired

in 1945 after 11 seasons.

Hutson is credited with creating many of the modern pass routes used in the

NFL today. He was the dominant receiver of his day and is widely

considered to be one of the greatest wide receivers in NFL history, holding

almost all important receiving records at the time of his retirement. As of the

end of the 2007 NFL season, Hutson still holds the following records: Mostseasons leading league in pass receptions (8), Most consecutive seasons

leading league in pass receptions (5), Most seasons leading league in pass

receiving yards gained (7), Most consecutive seasons leading league in pass

receiving yards gained (4), Most seasons leading league in pass receiving

touchdowns (9), Most consecutive seasons leading league in pass receiving

touchdowns (5), Most seasons leading league in scoring (5), and Mostconsecutive seasons leading league in scoring
http://en.wikipedia.org/wiki/Wide_receiverhttp://en.wikipedia.org/wiki/National_Football_Leaguehttp://en.wikipedia.org/wiki/Don_Hutson#cite_note-0http://en.wikipedia.org/wiki/Don_Hutson#cite_note-0http://en.wikipedia.org/wiki/Don_Hutson#cite_note-0http://en.wikipedia.org/wiki/University_of_Alabamahttp://en.wikipedia.org/wiki/1934_College_Football_All-America_Teamhttp://en.wikipedia.org/wiki/Green_Bay_Packershttp://en.wikipedia.org/wiki/Forward_passhttp://en.wikipedia.org/wiki/Forward_passhttp://en.wikipedia.org/wiki/Green_Bay_Packershttp://en.wikipedia.org/wiki/1934_College_Football_All-America_Teamhttp://en.wikipedia.org/wiki/University_of_Alabamahttp://en.wikipedia.org/wiki/Don_Hutson#cite_note-0http://en.wikipedia.org/wiki/National_Football_Leaguehttp://en.wikipedia.org/wiki/Wide_receiver


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Ethan Willis

ETHAN WILLIS, who developed the Entrepreneurial StrengthsAssessment, is the CEO of Prosper, Inc., a leadership trainingcompany. He lives in South Pasadena, California.


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MANAGEMENT LESSONS

SUMMARY

So, Whats The Book About?

Dr. Blanchard dedicated the book to thethousands of entrepreneurs who havebraved countless obstacles andhung in through good times andbad to create successful

companies.

What stands out to me is that hementioned that theseentrepreneurs hung in, eventhrough the bad times to createsuccessful companies.

Another thing that stands out to me is that Dr.Blanchard constantly mentions Charlie Tremendous Jonesthroughout the book as being one of his mentors. He also mentionshow Mr. Tremendous (as they call him) has impacted the world, onelife at a time. This has special importance to me as I was fortunateenough to have met Charlie this past October at his home inMechanicsburg, PA. All I can say is that Charlie is quite probably themost unique individual I have ever met. I have several videosavailable of him on this website, if we simply put him name into thesearch box theyll come up.

So, lets dive into the meat of the book

The book sets out to make clear there are 3 core areas to success as an

entrepreneur:

1. Finances (i.e. cash)2. People3. Customers


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Building A Firm Foundation

The book stresses the importance of building a firm foundation. Afterall, any building built on a weak foundation is doomed to collapse,sooner or later.

The book stresses that at any given time, we are becoming theaverage of the five people with whom we are most closelyassociated. The moral of that story is that we should do our best toassociate only with high quality people, as they will help us to becomesomeone better.

Charlie Tremendous Jones puts it a different way. He says: In fiveyears, well be the same person we are today, except for two things:the people we meet, and the books weve read.

So, hang out with good people and read good books. Doing that willprovide we with a firm foundation upon which we can grow AND it willhelp we gain the knowledge we will need in order to succeed in life.

Helping Others

Another point Dr. Blanchard stresses is that if we help enoughpeople in life get what they want, we will get what we want. Thispoint is often stressed by Zig Ziglar in his incredible programs. This isa lesson I have endeavored to incorporate into my life and I hope wewill do the same.

Mastering The Basics

Next, the book stresses that we must master the basics of any

field before we can rise to the top of it. It also stresses that weshould visualize our desired outcomes, IN ADVANCE, so we canachieve them. I agree with these two points completely.

Are We An Entrepreneur?

This is perhaps the most important question posed by the book. Arewe an entrepreneur? Do we have the entrepreneurial bug? In order toanswer that, lets define just exactly what an entrepreneur is.


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Entrepreneur A person who organizes and manages anyenterprise, esp. a business, usually with considerable initiative andrisk.

To me, the most important part of that definition is the one that talksabout CONSIDERABLE initiative and risk. IF we have considerableinitiative, AND we are willing to deal with considerable risk, then wemight just have what it takes to be a successful entrepreneur.

Getting Valuable People to Join Our Team

The book stresses the necessity for valuable people to come into ourlife in order to help we accomplish our goals. Entrepreneurs havefound (myself included) that the people who tend to come into our life

are the ones we need in order to help we achieve our goals.

Dream Big And Doors Will Open

Dont bother to dream small. It takes just as much energy to dreamsmall as it does big, so we might as well dream big. We just mightaccomplish our dreams. If we have the guts and the courage todream big, we will find that doors will open in front of we andtremendous opportunities will walk right in. HOWEVER, as any good

AIQer knows, we must position yourself to be ready to act upon theseopportunities when they come and we must indeed get off our rearend and act upon them when they do.

The Best Way To Increase Our Income

The book moves on to talk about an area that stems out of one of myfavorite sayings of all time. The best way to make more money isNOT to decrease our expenses; it is to increase our income. Afterall, we can cut expenses all the way down to the bone and we will

have nothing left. If we increase our income, we will make plenty ofmoney and the expenses are less of a problem. That doesnt meanwe should waste money, but increasing income is where we shouldfocus most of our energies.

Being Better Than All the Rest

The book stresses that in order to achieve the type of success towhich we are entitled, we must provide service that is better than

everyone else out there. If we are the best and become known forbeing the best, we will achieve the best results. Its just that simple.


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Helping Others In Our Organization To Succeed

If we want to create a successful organization, we have to create anenvironment where our organizations personnel all feel like theyre

our partner, not just our employee. People dont want to bemanaged, they want to be led. If we create an environment wherepeople buy into the program and feel like they are sharing in itssuccess, our organization is much more likely to be successful.

Being Generous

The book stresses that the more we give, the more we willreceive. Helping others is indeed the path to helping yourself.

VALUE OF MENTORING

The value of mentoring is strongly

presented in this book. Not,

however, as an argument, but in a

way we can see how Jud was

directly able to leverage the life-

knowledge of other highly

successful individuals to have

outcomes that would have beenunlikely without their input. It is

important to seek a mentor that

has those successes and then to

uphold our end, the position of

the mentee, by remaining

enthusiastic, coachable and

accountable.

As Juds business grows, with the advice of more than a handful of valuable

mentors, and countless books by other successful people, we see how

mentoring does not just apply to our personal lives but also our

professional ones. We receive a constant stream of useful tips from the

book. Its tempting for me to put them here in bullet points but I think that

would take away from the strength of this book.

Blanchard talked about 4 Ps or focuses that need apply for both successful

organizations and successful people:

- Passion: Success knows no limitations if it is something we are passionate


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about. If we are weak in some skills we might need, find mentors or other

business associates that can help we out.

- Profit: Find something that pays we for our passion, then learn how to best

manage money and people Focus on cost creativity, thinking of related

avenues to build onto our business, rather than cost cutting our businessdown to nothing.

- People: The more we care for our employees, customers, and the

community, the more we and our company will succeed. Build up our

employees to succeed, creatively serve customers, and give back to the

community what we were blessed with.

- Priorities: Dont reach for success at the cost of our life. Our priorities

should be God first, spouse, kids, THEN job. In the end, all we will have iswho we loved and who loved we.

Above these 4 Ps, Ken Blanchards best insight on success was how wethink about something changes its energy, negatively or positivelya

can-do positive attitude will get we much further then a negative never-gonna-happen, why even try!


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Review

Praise for The One Minute Entrepreneur

Ken Blanchard, the master storyteller and brilliant consultant/trainer,focuses his unique wisdom and keen insights on helpingentrepreneurs achieve enduring success. Another grand slam!- Stephen R. Covey, author, The 7 Habits of Highly Effective Peopleand The 8th Habit: From Effectiveness to Greatness

Ken Blanchard invented the art of business fables, and he and hisco-authors have written another winner. This is a wonderful mix

practicality and entertainment. A quick, must read for anyone with aninkling for going out on their own, and probably just as relevant forreaders interested in personal and professional improvement.-- Patrick Lencioni, president, The Table Group; author, The FiveDysfunctions of a Team.

Don Hutson and Ken Blanchard have done a beautiful job teachingthe essence of entrepreneurship.-Zig Ziglar, author and motivational teacher

Filled with gems of wisdom. Read it ifwere serious about reinventingour life.Mark Sanborn, president, Sanborn and Associates, and author ofThe Fred Factor and We Dont Need a Title to Be a Leader

There is much said about stewardship in life andbusinesshowever, the greatest stewardship is of influence. TheOne Minute Entrepreneur will teach we the importance of influenceand inspire we to choose mentors wisely.Jim Amos, chairman emeritus, UPS

We each have a lot more to learn and a lot more to teach. The OneMinute Entrepreneur will help we do both.R. Brad Martin, chairman of the board, Saks Incorporated

The One Minute Entrepreneur will help we understand that whilesuccess might be easier said than done, focusing on a few essentialswill dramatically increase our probability of successand help we

have fun doing it.


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Michael E. Gerber, entrepreneur and author ofThe E-Myth, The E-Myth Revisited: Why Most Small Businesses Fail and What to DoAbout It, and Awakening the Entrepreneur Within


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LEARNINGS

Throughout the book, there are a number of lessons learned about

starting a business that are applicable across the business spectrum:

- Bring in more money than theexpenses for our business

- Dream BIG. Well never achieve morethan we think we can

- Take care of our employees

- If we only focus on managing costs,our business will never flourish

- Create raving fans

- A strength taken to an extreme can become a liability

- Everyone in our organization should be encouraged to be a leader

- The best management system includes day to day coaching that

acknowledges when people do things right and redirects theirefforts when they are off base

- To live a happy and fulfilled life, be generous with our wealth,time, and talent


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CRITIQUE

This book is very much in line with a model of management that

keeps everyone involved connected to the bigger picture of the

project. It serves as an excellent read to proceed or follow a number

of books. Having just read and deeply enjoyed Tribal Leadership, by

Dave Logan, John King, & Halee Fischer-Wright, it was the approach

to managing people that most deeply struck me. However, this is a

book that deserves multiple re-reads. This is one of those books that

will serve we in a new way, each time we read it, as weve grown and

our current needs have changed between readings. I recommend this

one for our book collection, to be read both as a healthy overview to

be sure our on the right track and to give we constantly fresh ideas on

how to move our life forward. Its the essence of countless mentors

simmered down into an easy to love work of literature.

While the message is not a new one, its certainly one worth hearingagain in a business-fable format that makes these winning principlescome to life. Based on the fact that each year thousands of smallbusinesses start up for the first time and most of them end in failure, Ithink its safe to assume that many didnt listen the first time or simplywere never exposed to these principles. For those, this book will beinvaluable.

This book is an easy read. It is the type of book that will easily hold

our attention and it can be read in just a few short

hours. HOWEVER, during those few short hours, we will either come

to the realization that we are already on the right path, OR we will

realize that some things need to change. Either way, only good will

come out of our reading this book

Overall, I thought this book was a good read. I give it 3.5 stars out

of 5. Its has a neat story and teaches a few basic principles about

business. I think its worth our time to read it, but its not a book Id

suggest keeping on our shelf for future reference


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Book Review on One Minute Enterpeneur