The 10% Entrepreneur

Live Your Startup Dream Without Quitting Your Day Job

The book review for this week is The 10% Entrepreneur by Patrick McGinnis

This is a great book outlining the many different ways anyone can get involved in an entrepreneurial venture. It does not take full time, high risk oriented people to build an entrepreneurial investment portfolio. You can do this in your spare time by offering expertise, contacts, capital, etc. with out having to quit your full time, “anchor” job.

My takeaway from this book is the many ways to structure “payment” for offering your expertise. The best way is to take a small percent ownership stake in the business for consulting for 2 hours a month for 1 or 2 years. I also really liked the foundational checklists outlined for the five stages of the investment process; sourcing, screening, due diligence, final decision and documentation.

 

Note that I have previously reviewed:

  1. Rory Vaden’s Procrastinate on Purpose.
  2. Bill Browder’s Red Notice
  3. Atul Gawande’s The Checklist Manifesto
  4. Brad Lomenick H3 Leadership
  5. Eula Bliss’ On Immunity: An Inoculation
  6. Adam Grant’s Give and Take 
  7. Paul Leinward’s and Cesare R. Mainardi’s Strategy That Works
  8. John Nemo’s LinkedIn Riches
  9. Dr. Henry Cloud’s The Power of the Other
  10. T. Harv Eker’s Secrets of the Millionaire Mind
  11. Steve Case’s The Third Wave
  12. Thomas F Crum’s The Magic of Conflict
  13. Cal Newport’s Deep Work
  14. Greg Brenneman’s Right Away and All At Once

Please note: I reserve the right to delete comments that are offensive or off-topic.

Leave a Reply

Your email address will not be published. Required fields are marked *