Summary of Reality Check

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Rating

7 Overall

7 Applicability

6 Innovation

7 Style

Recommendation

Entrepreneurs face terrible odds. Conceiving a new idea for a business and raising the start-up funds is hard. Executing your business plan is harder. “The reality of most businesses is that after a short honeymoon period...everything seems to go wrong.” The typical new business encounters problems such as slumping sales, unexpected expenses and personnel issues. Limited support from venture capitalists, management consultants, lawyers and other professionals compound the challenges facing developing companies. While their products and services may be different, many fledgling firms share common problems. Preparing for likely stresses is the best way to contain them. Despite some material that might soon be outdated and a somewhat salty style, getAbstract recommends this book to entrepreneurs seeking advice based on experience and uncommon sense.

In this summary, you will learn

  • How to avoid common mistakes in starting a business,
  • How to execute a business plan and develop a market, and
  • How to attract talented workers and encourage workplace productivity.
 

About the Author

Guy Kawasaki writes business management books and is a founding partner and entrepreneur –in residence at Garage Technology Ventures.

 

Summary

Launching a Business, Crafting a Message
The notion that almost anyone can start a business in a garage and get rich quick is a fable. “Serial entrepreneurs” who have run several start-up businesses and who seem to have the right experience likely have managed more failures than successes...

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    Vladimir Petek 5 years ago
    Reality Check provides insights we all wish we’d had them first. However a good read for every entrepreneur.

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