Recently I read the book “EntreLeadership” by Dave Ramsey. The book is primarily about practical strategies and advice that can be applied in business. As I was reading the book I felt that much of the advice was applicable to daily life. I also believe that financial freedom is important to everyone so ultimately we should all strive to be EntreLeaders in and outside of the formal business arena.
Below are some of the statements and suggestions that stood out to me regarding EntreLeadership. (Some statements are abbreviated or put in my own words but you get the jist)
• EntreLeadership is defined as “the process of leading to cause a venture to grow and prosper”.
• Henry Ford said “those who never make mistakes work for those who do”
• Build your house of bricks instead of sticks so you won’t panic during turbulent economic and financial times.
• Sell benefits, not products
• Know why you are better than the competitor
• Ask yourself if you hadn’t ______________ with them yet, would you do it again? (Dave Ramsey speaks about hiring a person but I believe that can go for a number of things in life).
• Always go too far in extending grace to personal problems so that you have no regrets.
• January is a big goal setting month, but so is Sept and October after kids go back to school
• Slow and steady wins the race. execute your long-term vision.
• Our intensity must purposefully be directed at things that matter and purposefully not be directed at things that don’t.
• Identify your values to help ease decision-making.
• Ask yourself if the decision causes you to lie or hide the truth
• The more information you have the more obvious the correct decision
• Your worst case scenario is unpleasant but you seldom die from it
• Manage activities instead of trying to manage results
• Try management by objectives (MBOs)
• Stay true to your purpose by turning down opportunities outside of that purpose
• Visions are dreams with more clarity
• Great leaders are always servant leaders
• If you want employees boss them around, if you want team members explain to them what you do.
I highly recommend the book for anyone considering a new financial or personal venture. You definitely want to be an EntreLeader in the next endeavor of your life to make sure that you achieve your desired results.