Advertising

Book Review: Small Business Answer Book

Advertising
Book Review: Small Business Answer Book

    A book review by Reg Adkins. Small Business Answer Book (John Wiley & Sons, Inc. 2003), by Courtney Price.

    Since 1997 Courtney Price has written at least 5 books. Most of the books deal with business and management.

    Advertising

    If you are well established and profitable in your business this book probably is not for you. But, if you have yet to make the leap to join the growing number of entrepreneurs or you are a fledgling business owner this is a good place to start.

    I particularly liked the third chapter of the book which examines the advantages and pitfalls of buying and existing business. This chapter breaks out a list of what danger signals to look for when buying a business.

    Advertising

    1. Inadequate market potential.
    2. Serious competitive problems.
    3. Technological problems (for example a company that makes 78 rpm records would be technologically obsolete in all but the most narrow niche markets).
    4. Disadvantageous cost characteristics (an example would be if a competitor has a distinct cost advantage over you, like he not only sells the item but manufactures it as well).
    5. Seller backing out (this is particularly the case when you are negotiating to buy a family owned business that the owner has significant emotional investment in).

    Price also does a fair job of pointing you in the right direction to look if you are interested in buying a business. There is nothing earth shattering or particularly creative about it. It is just a list of sources you may have considered anyway. The benefit being the list is already compiled in one place for you.

    My favorite part of the book is the 12 page appendix. It does a good job of compiling a list of many of the small business resources you may need.

    Advertising

    All in all, if you have just started, or are getting ready to start a new business this book is worth the $15.00. If you are well established and already profitable, buy your spouse a box of chocolates instead.

    Reg Adkins writes on behavior and the human experience at (elementaltruths.blogspot.com).

    Advertising

    More by this author

    5 Tips for Empathetic Listening Book Review: You Were Born Rich Cyber Stalking Becoming a Great Leader Motivating Others: Becoming a Great Leader #2

    Trending in Lifehack

    1 Lifehack Reviews: 50 Best Life Hacks for Your Life 2 Best Life Hack Sites – 100 Most Useful Websites on The Internet 3 80 How-To Sites Worth Bookmarking 4 20 Unusual Uses for Coca-Cola That You’ve Never Considered 5 A Review of the Book “The Art of Learning”

    Read Next

    Advertising
    Advertising

    Last Updated on July 12, 2021

    Lifehack Reviews: 50 Best Life Hacks for Your Life

    Advertising
    Lifehack Reviews: 50 Best Life Hacks for Your Life

    Do you want to be as productive as many of us, but missed a lot of actions at lifehack.org during the year? We’ve selected the best 50 life hacks, based on their popularity and contents in different categories. Invest your time – read them. Bookmark this page and mark reading them as one of your new year resolutions.

    Communication, Writing, Studying

    1. My Best Presentation Tricks
    2. The Business Card Game
    3. Persuasive Writing for Students, Webmasters, Bloggers, and Everyone Else
    4. 7 tips of handling your Emails without feeling overwhelmed
    5. Writing as a Form of Self Healing
    6. Advice for students: Writing by hand
    7. Yes, But Do People Like You?
    8. Writing – Just do it!
    9. A good place to study
    10. Blog your way through Writer’s Block
    11. 14 Tips for Communicating Ideas

    Productivity, Creativity, Motivation

    1. 9 Top Secrets of Naturally Born Organizers
    2. Fight The Flab!
    3. More Fight The Flab!
    4. Limit Creativity, Get Innovation
    5. Precious Moments
    6. 5 Ways to Improve Your Productivity in the Office
    7. A Geek’s Best Lifehack
    8. What Kind of Paranoid Are You?
    9. Being A Creative
    10. There’s No Time!
    11. The Mysteries Behind Motivation and How To Manipulate Them
    12. Time Management: Handling Disruptions in Daily Schedules
    13. Productivity Hack: Write Mini Process Flows
    14. Design an Online Workflow

    Management, Self-Management, Entrepreneurship

    1. Bare Bones Project Hacks
    2. The 10 Beliefs of Great Managers
    3. The Simplest Path to Success
    4. Letting Things Go
    5. Closet Entrepreneur
    6. Time To Discard The Portmanteau
    7. 5 Important Keys to Bootstrap Your Entrepreneurship
    8. The Most Underutilized Tool for Effective Communication
    9. Everyday Performance Reviews
    10. Meetings, @&!!$*@ Meetings!
    11. What Are You Worried About?
    12. How to Ruin Your Career In Five Easy Steps

    Procrastination, Goal Settings, Life

    1. 9 Steps to Define your Goal Destination and Devise a Plan to Get There
    2. Pro-Active Steps to Prevent Procrastination
    3. Improve Your Life By Following A Schedule
    4. The Causes of Procrastination And How To Conquer Them
    5. How To Make Resolutions You’ll Keep
    6. Literal Life Hack: Cut your window of time in half
    7. New Year’s Resolutions and Deficit Thinking
    8. 6 Sleep Tips
    9. Risks versus Rewards Worksheet
    10. 5 Tips for Getting Out of Debt (and Why)
    11. Deep Breathing: A Great Health Trick
    12. 8 Expenses to Cut and How
    13. Desk-side Fitness

    Are there any lifehacks that you’ve learned over the past year?

    Advertising

    Featured photo credit: Rainier Ridao via unsplash.com

    Advertising

    Advertising

    Read Next