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Blink 3 of 8 - The 5 AM Club
by Robin Sharma
Business Brilliant summary
Lewis Schiff
Brief summary
Business Brilliant by Lewis Schiff is a guide that identifies the key principles and strategies commonly followed by self-made millionaires. It offers practical advice for building wealth and achieving success in the business world.
Topics
Table of Contents
Business Brilliant
Summary of key ideas
Understanding the Wealthy Mindset
In Business Brilliant, Lewis Schiff delves into the mindset and behaviors of the self-made wealthy. He begins by debunking the myth that the wealthy are simply smarter or luckier than the rest of us. Instead, he argues that they have a different approach to money and business. Schiff introduces the concept of 'Business Brilliance' - a set of behaviors and attitudes that distinguish the wealthy from the middle class.
According to Schiff, the middle class tends to follow a set of rules and norms, such as getting a good education, working hard, and saving money. In contrast, the wealthy often break these rules, taking calculated risks and prioritizing opportunities over security. They also tend to focus on earning more, rather than saving more, and are more likely to be self-employed or own their own businesses.
The Seven Principles of Business Brilliance
Schiff identifies seven principles that underpin the Business Brilliant mindset. These include the willingness to take risks, the ability to leverage other people's resources, and a focus on earning more rather than saving more. He also highlights the importance of making a business out of your career, rather than just working a job, and the value of selling your own ideas and products.
Another key principle is the ability to separate your time from your money. Schiff argues that the wealthy are more likely to focus on activities that generate income, rather than spending time on non-income producing tasks. They also tend to be more strategic in their career choices, focusing on industries and roles that offer the greatest financial rewards.
Applying Business Brilliance in Your Life
After outlining the principles of Business Brilliance, Schiff provides practical advice on how to apply these concepts in your own life. He suggests that you should focus on earning more, rather than saving more, and be willing to take calculated risks in your career and investments. He also advises that you should be prepared to work harder and longer than others, and be willing to make sacrifices in the short term for long-term gain.
Additionally, Schiff emphasizes the importance of networking and building relationships with other successful people. He argues that your network can be one of your most valuable assets, providing access to opportunities, resources, and knowledge that can help you achieve your financial goals.
Conclusion
In conclusion, Business Brilliant offers a fascinating insight into the mindset and behaviors of the self-made wealthy. It challenges the traditional middle-class approach to money and business, and provides a compelling argument for adopting a more 'Business Brilliant' mindset. By understanding and applying the principles outlined in the book, Schiff suggests that you can increase your chances of achieving financial success and building wealth.
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What is Business Brilliant about?
Business Brilliant by Lewis Schiff challenges conventional wisdom about what it takes to be successful in business. Through extensive research and interviews with self-made millionaires and entrepreneurs, Schiff uncovers the counterintuitive habits and strategies that set them apart. This book offers valuable insights and practical advice for anyone looking to achieve greater success in their professional endeavors.
Business Brilliant Review
Business Brilliant (2013) presents a fresh perspective on achieving success in the business world. Here's why this book is worth reading:
- Packed with practical strategies, it provides actionable advice that can be implemented to drive personal and professional growth.
- Backed by in-depth research, the book offers a deep understanding of what sets successful entrepreneurs apart from the rest.
- With its real-life examples and captivating anecdotes, the book keeps readers engaged throughout, ensuring it's far from boring and always thought-provoking.
Who should read Business Brilliant?
- Entrepreneurs seeking practical advice and insights on wealth-building strategies
- Business professionals looking to enhance their financial acumen and strategic thinking
- Individuals who want to understand the mindset and behaviors of successful business leaders
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Business Brilliant FAQs
What is the main message of Business Brilliant?
Discover the characteristics and strategies of highly successful entrepreneurs and apply them to your own business endeavors.
How long does it take to read Business Brilliant?
The reading time for Business Brilliant varies depending on the reader's speed. However, the Blinkist summary can be read in just 15 minutes.
Is Business Brilliant a good book? Is it worth reading?
Business Brilliant offers valuable insights for entrepreneurs looking to take their businesses to the next level.
Who is the author of Business Brilliant?
Lewis Schiff is the author of Business Brilliant.
What to read after Business Brilliant?
If you're wondering what to read next after Business Brilliant, here are some recommendations we suggest:
- Basic Economics by Thomas Sowell
- The Ascent of Money by Niall Ferguson
- Think and Grow Rich by Napoleon Hill
- The 4-Hour Workweek by Tim Ferriss
- Rich Dad, Poor Dad by Robert T. Kiyosaki
- Secrets of the Millionaire Mind by T. Harv Eker
- The Richest Man in Babylon by George S. Clason
- Business Adventures by John Brooks
- The Most Important Thing by Howard Marks
- More Money Than God by Sebastian Mallaby