The $100 Startup – Chris Guillebeau-Book Review

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The $100 Startup – Chris Guillebeau-Book Review

In this book Chris analyzed 1500 people who met the following criteria. They followed their passion, they spent less than 1000$ on their start up business. They currently make more than 50,000$ a year. The business required no special skills and has less than five employees. He analyzed them and there was a lot of stories in this book and I’m going to give the tips I got from this book.

#1 Understand the Passion Circles
One circle is the Passion which is something that you love to do even if you didn’t make money and the other circle is about the stuff that people care about. And where these circles intersect is where you make money. Its how you are going to get rich. You have to find something that you are passionate about because when the work starts getting hard, you need something to push you and the only thing that’s going to push you is what you are passionate about.

Passion Circles-value addiction

#2 Keep the Costs Low
You should aim to put in more work more sweat equity and spend less money. This way of business is a flop as too much of a loss. You only lose your time and you would have spent that time doing it anyways because it was your passion.

#3
“Give a man the Fish, he’ll eat for a day. Teach a man how to fish and he’ll eat for a lifetime.” Most of the businesses are under presumption that if they teach how to do business that’ll ruin their business but Chris found that most of the successful businesses taught “How to Fish”.

There’s a lot more in this book like 39 tips to launching a product and he really I wanted to mention that but I don’t want to cheat on the book and so I strongly suggest you to read this amazing book. This book is great if you want second hand stories of startup companies that started small. There’s great motivation in here and you’ll get some awesome insights.