Summary of The Entrepreneur Equation

Evaluating the Realities, Risks, and Rewards of Having Your Own Business

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The Entrepreneur Equation book summary
If you want to run your own company, learn whether entrepreneurship is right for you.


7 Overall

8 Applicability

6 Innovation

7 Style


Consultant and author Carol Roth takes a straight-up, no-nonsense tone in this easy-to-read guide containing useful, if somewhat obvious, advice. For example, individuals who can’t manage their personal finances shouldn’t try to manage a business. Or future entrepreneurs think that if they run their own companies, they’ll have more free time, though, in reality, they will have less. While Roth writes in an engaging style and provides useful self-analysis questions in each chapter, her book needs more examples of real-world successful and failed entrepreneurs. Future entrepreneurs could be deterred by Roth’s fairly negative tone, although she might be doing them a big favor in that sense. getAbstract recommends this helpful if limited overview to potential future entrepreneurs who must evaluate whether they’re cut out for such a path.

In this summary, you will learn

  • What the challenges of entrepreneurship are
  • How to debunk prevalent false assumptions about entrepreneurship
  • How to determine if becoming an entrepreneur is the right career path for you


Defining Entrepreneurship
Many businesspeople pursue entrepreneurship without understanding what it means. Writer James Truslow Adams coined the term “entrepreneurship” in 1931. It evokes a prosperous life won through hard work. But commerce has changed drastically since the 1930s, as ...
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About the Author

Carol Roth, a business consultant and blogger, has appeared on Fox News, MSNBC and the Fox Business Network.

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    Fouad Felemban 3 years ago
    Well written and clearly summerizes the book contents and ideas.

    I've read the book (Audio version) and this abstract fails to clarify that this is for newbies who dream of becoming entrepreneurs. At the end, it strikes me as a slap back to reality for those newbies.

    Of course Hard realities are every where, even in a game of Monopoly. If you are a serious entrepreneur who understand what risks are you taking and ready to take on unusual challenges, this book is not for you.
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    ChrisTopher Selwa 3 years ago
    I like the summary, but don't like the book. Yet another book written by an "expert" who's never started or run a business and sounds like she is too fearful to do so herself.

    Better books for serious entrepreneurs are "The art of the start", written by a successful serial entrepreneur, and "how to get rich" written by a British billionaire entrepreneur...and many others.

    She bangs on about needing money, yet most successful businesses were boot-strapped not VC funded. She approaches the whole thing from an "employee mindset".
    • Avatar
      Fouad Felemban 3 years ago
      However, to the authors' defence, this is a trend that has to be addressed. I talk everyday to people who whine on their desk jobs and dream of becoming their own bosses. I would recommend this book to them.
      Others with high potentials, I'll go with your recommendations
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    Omar Shamsaldeen 3 years ago
    very good audio book

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