Scale (Review and Analysis of Hoffman and Finkel's Book)

By BusinessNews Publishing

The must-read summary of Jeff Hoffman and David Finkel's book: "Scale: Seven Proven Principles to Grow Your Business and Get Your Life Back".

This complete summary of the ideas from Jeff Hoffman and David Finkel's book "Scale" shows that budding entrepreneurs must build their business the right way in order to succeed. To do this, they must reduce the company's reliance on themselves so that the business can grow and eventually be sold. This is what takes an entrepreneur from simply being self-employed to owning a scalable business with multiple employees. The authors explain that scaling a business consists of seven key principles which are split into four phases from building a solid foundation to learning to manage your time. This summary will take you through each principle and help you to create a strategic plan to grow your business while still managing your own time.

Added-value of this summary:
• Save time
• Understand the key concepts
• Increase your business knowledge

To learn more, read "Scale" and discover how you can grow your business and still have time to yourself. <:b>

• Language: English
• Publisher: Business Book Summaries
• Release date: Jul 20, 2016
• ISBN: 9782511041017

Book preview

Book Presentation: Scale by Jeff Hoffman and David Finkel

Summary of Scale (Hoffman and David Finkel)

Book Abstract

MAIN IDEA

Loads of people are today getting the entrepreneurial bug and starting their own businesses. That's all well and good if you decide to take the plunge but if you're not careful, all you can end up doing is creating a job for yourself rather than a business that you can grow and one day sell.

To move beyond self-employment, you have to build a scalable business the right way. You do this by radically reducing the company's reliance on you, the owner. Scaling a business usually involves seven key principles, spread over four phases:

Phase 1. Build a solid foundation for growing your business

Build a business, not a job

Systems, team & controls

Understand your customers

Phase 2. Identify the key leverage points for driving growth

Have a solid strategic plan

Be good at looking ahead

Phase 3. Overcome the most predictable obstacles

Remove any and all obstacles

Phase 4. Learn how to leverage and manage your time better

Understand you do have time

About the Author

JEFF HOFFMAN is a serial entrepreneur and motivational speaker. He was a co-founder of multiple startups including Priceline.com, uBid.com, CTI, ColorJar and others. He has also been successful as a Hollywood film producer and event promoter. Jeff Hoffman is a graduate of Yale University and is frequently a featured business expert on Fox News and CNN as well as in Bloomberg News, the Wall Street Journal,