Every business starts with a bright idea, and many a bright idea has been hatched in a pub - scribbled on a nearby discarded beermat. But how do you turn the moment of inspiration into a well oiled plan? who do you need to talk to? How do you find the cash to back the idea? How many people do you need to work with to get the idea off the ground? And how on earth do you find them? This book tells you exactly how to convert your jotted notes into a big and successful business. It takes you step-by-step, with no jargon, no complex theory and no visits to arrogant pinstriped venture capitalists who aren't really interested in just 'an idea'. This revised edition follows the same successful format of the previous editions with new up to the minute advice including: how to work with a bank to your greatest benefit, a new expanded section on growing your business and how to handle the 20-plus employee stage. Using these tried and tested techniques, your beermat inspiration could become reality.
I think I am just really impartial to self-help "business starter" books. I feel like there is no clear cut way to start your business and a lot of these books deal with products...not services. Or business that are trying to become large businesses. I am interested in creating a small business of a staff of 1-5 people.
Entrepreneurs have a tough life at times when starting out. Working seven days a week, for 18-20 hours a day can be a living nightmare, especially when profits are only rising slightly, or not at all, for months on end. However, all successful businesses start out small, but there is that moment when their big break happens, and this book can help guide a budding entrepreneur to get to that stage quicker.
While I originally read the beermat for a business course that I took in University, I have revisited it twice. I think there are many excellent points made throughout the book that are important to be successful. Particularly, the chapters on finance, marketing, and branding are very interesting. The most important chapters however, are those on the human qualities a entrepreneur must have. We live in a human capital world now, and investing in the person is just as important as investing in a product or an idea. The human qualities highlighted in this book are a must read for budding entrepreneurs.
If I had any criticism of the book, it would be that some of the chapters have great ideas that are never fully fleshed out. It is clear that the authors were worried about length, and wanted to keep the book short. I would love to see a Beermat V2, or an extended edition, in which the ideas of the book are more fully realized.
Overall, the Beermat is a great book, and a highly recommended read for all entrepreneurs, regardless of the point they are at in their careers!
This is a must read for anyone looking to actually have the balls to start their own business. I hate most of business self improvement books, but this is a genuinely thoughtful book on how to structure a team for growth.
I'll give it 5 stars if someone buys my business one day. This book was definately one of the inspirations for me leaving to set up something on my own.
I think this book should be compulsory reading at schools let alone for small businesses. With such a light touch it contains so much wisdom about starting a new business that I have recommended it to so many people I should be charging Mike commission. Incidently Mike is very approachable and is one of the few experts who actually practises what he preaches.
Broader in scope than Sales on a Beermat, which I read earlier, so contains less actionable advice. But still a nice, down to earth, quick read which serves as a useful reality check for any entrepreneurial ambitions you may have.