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