Friday, October 22, 2010

Book Review Weekend Entrepreneur 101 Great Ways to Earn Extra Money

The first step to any new venture is to have a good idea.  Weekend Entrepreneur - 101 Great Ways to Earn Extra Cash is an excellent place to start if you are contemplating where you can make some extra cash or start your own business.  The authors are Michelle Anton and Jennifer Basye Sander.

There are two things I really like about this book:
1.  The emphasis is on building an extra cash source that is compatible with your family structure and your interests.  This may seem like a small thing but most careers and businesses tend to put children and family on the back burner.  This book puts family first and the business works around that.
2.  The business ideas are based on a start slowly, start small basis so that you can learn and pay as you go.  This obviously is different than the dream big, borrow big, and hope you don't go bankrupt approach that is very popular.  Many of the ideas in the book require zero to $500 to begin. 

Another thing I was really impressed by is that Amazon sells the book for as low as $3.54!  How much cheaper can you begin a business than this except for getting the book at the library?  Amazon also has a number of very positive reviews of the book, most are five star and those that are not give four.

The book is designed to be the first step in sparking your imagination and seeing how very doable it is to start our own business.  A  fact I did not know is that there are 17 million small businesses that employ less than two employees.

The following is an excerpt from the book:
"Not everyone has what it takes to succeed in business.  Sometimes the idea is flawed: sometimes the business skills are lacking.  Before you devote time and money, we urge you to take a clear-eyed look at yourself and assess your own skills and personality.
Among the traits and abilities you'll need are:
  • Perseverance
  • Creativity
  • Honesty
  • Organization
  • Ability to multitask
  • Courage
  • Self-confidence
If you cannot honestly claim at least two or three of these traits for yourself, you might not be cut out to undertake a small business."

I admit that I got a little worried when I first read the list but then I saw that I had a shot at success even if I had a few of these qualities. :) 

Do I recommend this book?  Yes.  It is a great starting place to get the ideas flowing.  Some of the ideas you can start working on immediately and if you are looking for Extra Cash that may be exactly what you are looking for.

Additional Reading 

I came across this article that I think compliments and reinforces Weekend Entrepreneur very well.  I liked the article so well that I may put the link on every small business post.

Getting down to the specifics.  Making your ideas a reality:
It seems like every time I delve into studying on a subject I find the same thing. If I get 10 books on any given subject 90% of the information is going to overlap and only 10% is going to be new food for thought let alone be compelling enough to take action. I'm finding the same thing to be true about books dealing with starting a small business. It does show that the basic fundamentals apply. With that in mind I am going to again provide the SBA link because it has all the information regarding the basic structure of starting your own business all in one place. We'll refer to that as Small Business Basics.

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