Lords of Finance: The Bankers That Broke the World by Liaquat Ahamed

Lords of Finance: The Bankers That Broke the World by Liaquat Ahamed

In 2009 we’re deep into a major recession in the United States and many other countries throughout the world are experiencing many of the same problems. Each week we hear comparisons to previous recessions and economic downturns – but the benchmark for all financial crisis is the “Great Depression”. So, this seems like a great time to read and learn more about what happened around the world from the end of World War I and the late 1930’s. Liaquat Ahamed has written a great book that documents what was happening in the world during this twenty year period. I highly recommend that anyone interested in learning more about what lead up to the Great Depression and how the financial leaders handled it – must read this book.

In 1918 the world was reeling from the events during World War I and they were trying to rebuild their countries and the economies in those countries. We are all familiar with the bare bones of the end of World War I, the Roaring Twenties in the United States, rebuilding in Europe, the financial crash in the United States, the rise of Adolf Hitler and the Nazi party and many of the other events between 1918 and 1938.

· But, how many of us know the details of the individual financial systems in the United States, France, Britain and Germany?

· Do you know what people managed the financial decisions in these countries during that time?

· Do you understand how the gold standard worked and what that meant for each country?

· Do you know what happened in the ongoing debate about war reparations and what that did to various economies around the world?

· What happened within Germany when they were ordered to pay substantial reparations after the war?

· What happened when Germany started printing money around the clock to boost the economy?

These are just a few of the questions that are answered in this book.

In school I remember learning that the financial situation in Germany after World War I was one thing that enabled Adolf Hitler to gain power in Germany. But I never understand the extent of the financial crisis. My depth of understanding on that piece of history has increased dramatically. Understanding what happened in the different countries and the various domino effects are staggering as you turn the pages and see how things fell apart.

I love to read about history and to get a deeper understanding of what led to various events. But I think in the current economic climate – this information is even more important. Most of us have heard the saying that “those who do not study history are destined to repeat it”. That idea kept coming to mind as I read this book and saw many examples of the things these power players in the worldwide economic community tried that failed and in a good number of cases – made the situation much worse.

Through the pages of this book you will meet Montagu Norman of the Bank of England, Emile Moreau of the Banque of France, Hjalmar Schacht of the Reichsbank in Germany and Benjamin Strong of the Federal Reserve Bank of New York. In addition, you will learn how each of these men reached these positions and much about the history of these various financial institutions.

Anyone interested in the economy – and especially people who could make a positive difference in the financial situation – should be required to read this book. For people who are concerned about authenticity – there are 23 pages of notes and references for the information in the book and a 12 page bibliography. This is a long book – over 500 pages of content, plus the notes, bibliography and index. It took me a while to read the book – because its not really the sort of content you want to rush through, but I thoroughly enjoyed the content and feel like I have a much more complete understanding of the things that led up to the Great Depression and how the world recovered from this crisis.

Whale Hunting Women by Dr Barbara Weaver Smith

You may be asking what whale hunting has to do with women and why we’re talking about this in the 21^st century. I was curious when I first heard the title too – but I can guarantee that this book will surprise you. I’ll share the full time which will give you some insights into the content. This book is titled Whale Hunting Women: How Women Do Big Deals.

We get used to long books that go on and on about a topic – but Whale Hunting Women gets right to the point. I couldn’t find any “fluff” in this book, but there is a lot of great content to help you. These are some of the chapters in this book –

· How Women Hunt Whales.

· Only a Minnow (In a Sea of Whales).

· Small Company Looking Big.

· Small Fish Hunting Whales.

· Radical Culture: Take a Rival to Lunch.

· Radical Culture: Money is Cheap.

· Radical Culture: Kill Some Commandments.

· Who Do You Trust?

· Whale Hunting Resolutions.

Women are uniquely qualified to “hunt whales” because they listen, align and empathize. Men can learn these qualities too – but women are usually raised to have these traits. That gives them a boost in the “whale hunting” concept.

For people who aren’t familiar with whale hunting – the entire village was involved in preparing for the hunt and the right combination of skilled people were necessary for the hunt. Imagine having several people in a small boat and having to hunt and kill a whale – then you have to row the boat to get the whale home. They had no “modern conveniences” like radar, radios, motors and other things to help them bring home the whale to help the people in their village. Today we have many tools to make a whale hunt easier, but we still need a skilled team filled with members who all contribute to the hunt.

Dr Barbara Weaver Smith helps the reader understand that small businesses can look bigger and they can compete with big companies to get the big clients. This is where the team you assemble will make the difference and give you an edge. In the current economic climate, using the tips in Whale Hunting Women allows us to compete with the “big boys” by building our team in creative and productive ways to attract the big clients without piling on additional financial obligations of hiring more staff members.

These ideas are just the beginning of the information that is included in this information packed book. As you read through this book we recommend that you take the time to work through the journal pages. I always like it when the author creates review exercises or journal pages that prompts the reader to dig deeper to learn more and to start applying what they are learning.

If you are a business woman or business owner who would like the tools to take the business to the next level – I highly recommend this book. If you have a woman in your life that is in business and she wants to set herself apart from the crowd – you need to buy this book for her. It is available on www.thewhalehunters.com along with much more information about Dr Barbara Weaver Smith and Whale Hunting Women.

The Entrepreneurial Author: Surviving Tough Economic Times By Jay Conrad Levinson and David L Hancock

The Entrepreneurial Author: Surviving Tough Economic Times
By Jay Conrad Levinson and David L Hancock
Foreward by Rick Frishman

When I started doing promotional work, I was always given a limited budget. This meant that I had to get creative and that was one of the things that really appealed to me about promotional work. So, for a long time I was doing “guerilla” marketing – without knowing it. When I was asked to do a review for the new Jay Conrad Levinson book I was very pleased. Since David Hancock is a co-author, that made me even more interested in this book because I’ve enjoyed his entrepreneur author blog. David and I share many thoughts about how authors, especially business book authors, should approach their promotion. Many of these thoughts are included in the pages of The Entrepreneurial Author. Let me say in the beginning that this book is good for many entrepreneurs – not just authors.

Many books are coming out about how to do business in tough economic times and it seems that approach will be useful for the foreseeable future. So, our challenge is to find books that have quality and useful content. I was very pleased with the content in The Entrepreneurial Author. If you are a fan of the Guerilla Marketing books – you will enjoy this book. If you are an author who thinks your publisher is going to do all your promotion – you may not like the content, but you will learn a lot.

When you have a book on the market, you have created a product that you want to sell – that makes you a business person. So, all authors need the “entrepreneurial author” mindset. That is what this book is all about. In tough times, the people who approach their work with the right attitude, have a better opportunity to succeed. If you’re an author – do you approach your writing and book promotion as a business? If not, you need to read this book.

There are a number of great chapters in this book which are geared to working and promoting in a tough economy – such as: Tough Times Don’t Have to be as Tough as You Think, Importance of Stressing Value, Using Consent Marketing Now More Than Ever, Community Involvement During Tough Times, Attracting New Business During Tough Times and Online Marketing in a Shaky Economy.

Additional Chapters Include:
Free and Almost Free Marketing.
The Importance of Service During Tough Times.
Making Yourself the Talk of the Town.
Freebies That Can Lead to Serious Profits.
Getting Extra Mileage From Your Marketing.

I always advocate creativity and ingenuity in promotional efforts and tough economic times makes that even more important than usual. These are the times when we need to show potential clients that we offer great value. We also need to build our credibility for clients and that is a great reason for a business person to write a book.

This book starts at the beginning and helps you see the various options that are available to authors and can help you find the one that is best for you. Too many writers dive into publishing without doing sufficient research and it is amazing how much money this can cost you. The chapter on Tough Times Don’t Have to be as Tough as You Think is easily worth the cost of the book and it offers opportunities for authors and other business people. These tips help you reduce “the cost of marketing while reinforcing the customer relationship”.

I like books that draw you into the content and help you use the information within the book. The Entrepreneurial Author contains Exercises and Action Steps in each chapter to help you dig deeper into the content and also to actually take steps to start doing the work you need to do.

Guerilla Marketing is very much about using your mind and creativity instead of a big advertising budget. What better time could there be to learn how to promote effectively on a tight budget? The content is great and the time is definitely right – to learn to be an entrepreneurial author. Are you ready to take your books and your promotion to the entrepreneurial level? If you realize this is the time – you need to read this book ---- now. I think you will be astounded by how far you can take your writing career and your business by using the information in this book.

Nikki Leigh – Author of Book Promo 201: Harness the Power of the Internet with Web 2.0 and Social Media Marketing

Bounce! by Barry Moltz

Bounce! Failure, Resiliency and Confidence to Achieve Your Next Great Success by Barry Moltz

We all love to share our success stories in business. But, there is so much to learn from our failures. One key to learning from our failures is to be prepared for failure, develop the humility to deal with problems and to develop the keys that we need in order to be resilient.

Bounce! This seems to be the year where people discuss resiliency and how to bounce back. I’ve personally reviewed four or five books about improving our lives, making needed changes and moving on. The full title of this book is Bounce! Failure, Resiliency and Confidence to Achieve Your Next Great Success. Its an inspiring title and the book is very good. When we think of failure, we need to also think about bouncing back and starting over

In the United States and in other countries around the world people are facing very tough economic times and it doesn’t appear that will change drastically in the near future. We see huge companies failing and/or being taken over by the government or being sold on a pretty regular basis. If multi billion and multi million dollar businesses are failing, doesn’t it make sense that other businesses consider that failure is possible and to be ready for the possibility? No one is saying that failure is inevitable, but develop the mindset and skill set that make it easier for you to face failures and the situations we encounter as a business faces tough times.

Barry Moltz built his original business reputation at IBM. That’s where I initially heard about him, but he decided to leave IBM and start his own business venture. At one point in the book, Moltz mentions how his stature and income increased each year while he was at IBM and he had the mistaken opinion that the trend would continue even when he left IBM. That’s something I’ve heard from people who left a fulltime job to begin their own business. That can be one of the first things to rattle a new entrepreneur. The steady paycheck and job security disappear overnight.

Moltz gives the example of a rubber band ball that is created by wrapping rubber bands and creating a ball. Each band increases the size and strength of the ball. Through the pages of Bounce!, he shares the key “bands” we need to create sufficient bounce. They include:

Environmental and Cultural DNA – Attitudes in your country and associates about success and failure have an impact on how you view these elements of business.

Humility – Humility has the ability to lift us up or to pull us down. If you fail, will you wallow and brood over it or will you understand that people fail and pick yourself up and move on?

Face Your Fear of Failure – Failure is always possible. No matter how qualified or prepared we are in business, it is always possible to fail. Its best to be prepared for that possibility. If we never fail, that’s wonderful. But, if it does happen, be ready to deal with it.

Give Up Shame About Failure – This is not simple, but it is necessary. Once you decide to stop feeling shame over failure, tackle the things thrown at you by others. Some people will be obnoxious about any failure, but you need to be convinced it’s a temporary situation and move forward.

Failure Offers a Choice – How many people do you know that are stuck in a “no win” situation because they decide to stay in a failing business instead of admitting defeat? Give yourself the choice to say, “It’s not working” and get out of a losing situation. Make the choice to fail and move on to something better.

Be Careful About the Risks You Take – As your decision making skills improve, you are better qualified to make careful decisions and to limit the potential for risk and failure. Make sure that you understand the full risk and the full benefit of any major decision you are going to make.

Refine and Improve the Process to Improve the Outcome – Business goes through cycles and its important to understand that the processes we use make a difference in the outcomes we get.

Develop Patience About Success and Failure – We must be realistic and many times we don’t succeed as quickly as we hope. So, patience is needed. Set realistic goals and work toward these. Even when progress is slow, goals and benchmarks enable us to see the progress that is being made.

Develop Your Own System to Measure Your Success and Failure – Most people realize that just having money is not a guarantee of happiness. Decide what you need to feel successful. No one else’s idea of success should guide you – what makes you happy? Once you know that answer, strive to be happy.

Place Value on Action and Progress – Read the book, but then realize that you need to make things happen. Your experience is a great way to build confidence and the humility to face the tough situations and to move on to bigger and better things.

Those points are the key elements that the book covers and is built around. The longest chapter in the book, is Chapter 5 Forget the Archetypes: Messy Lines Teach Humility. At first glance this was interesting and a bit confusing because we all know that strong entrepreneurs need confidence, to be self assured and to be strong. So, why did Moltz include such a long chapter about humility? He discusses ego and how it does and does not help a business person. He discusses how humility is crucial is facing problems and failures in a way that helps us start over and rebuild or future.

There is so much great information in this book, but I highly recommend that no one skip the last chapter, Read This Book – Then Throw It Away. He makes great points including the fact that planning is great and needs to happen, but we also know that you will never succeed or fail until you take the leap and actual work to make it happen. Anyone who is waiting for the “perfect” time to start will be waiting forever. There is never a “perfect” time.

Do sufficient research and planning and learn to make sound decisions. Then develop true and positive humility and move forward. It’s also critical to realize many great people have failed, some failed in huge ways. The great people, large and small, are the ones who pick themselves up and start over. There is always another possibility and another opportunity. Will you move on and find your next opportunity?

Email Marketing for Complex Sales Cycles by Winton Churchill

Direct mail and email marketing have gotten a bad rap for many years. But, when the email marketing is executed properly, the results can be fantastic. That is the sort of email marketing that Winton Churchill talks about in this book. It’s not just a simple email being sent from time to time, but it is an email system that gets definite and positive sales results for your business.

The complete name of the book is Email Marketing for Complex Sales Cycles – Proven Ways to Product a Continuous Flow of Prospects and Profits with Effective, Spam Free Email Systems. When properly formulated and executed, an email mailing system can generate additional sales for your company – quickly.

We’re all familiar with the long drawn out and unpredictable sales methods. How many times have your sales people spent endless hours coddling sales leads? How often do these hours generate few sales? You know that isn’t cost effective, but every body does cold calling, trade shows and similar sales approaches. Or do they? You won’t need to continue these unpredictable sales strategies after you read and apply Email Marketing for Complex Sales Cycles by Winton Churchill.

To illustrate the wealth of information in this book, these are some of the topics–

· Email Marketing is Not About Spam.

· Email Marketing… Relatively Easy and Extremely Powerful – When You Do it Right.

· Change your Mindset, Change Your Future.

· Six Special Needs of Complex Sales Cycles.

· Three Critical Stages of Success.

· Unhooking – The Process of Un-Training Your Brain.

· Four Ways to Identify and Qualify Legitimate Prospects.

· The Rapport Sequence.

· Eighteen Essential Components Simplified.

· Seven Damaging Mistakes Many Executives Make.

· Eight Indispensible “Fast Track” Strategies.

Recipients have mental blocks about spam and supposed junk mail. So, the first thing to realize is that Winton Churchill isn’t talking about spam or junk mail. In various places throughout the book, he admonishes the reader to find a quality list. This helps you get better results because those lists contain people who want to receive information about a product or service that is similar to yours.

Email marketing is reasonably easy, but you need to understand why it works and how it works. The complex sales cycle is a powerful sales tool and Churchill helps you learn how to use it properly. Are you one of the business people who spent your budget on an address list, but didn’t know how to properly use the list? This book is for you. Just having the list isn’t enough. You need to reach the people and determine who needs your product or service. You also need to build up a rapport with these people in order to lead them to make a purchase.

The email complex sales cycle allows you to screen these potential clients, show them that you are an expert in your field, demonstrate ways that you can help them and lead them to your business to make a sale. That does not mean that every one on the list will become a client, but when you start with a targeted and qualified list, your chance of making the sale increase. Once you have the right list, work on the cycle of messages that prove your credibility and illustrate how you can fill their needs.

In several of the chapters, Churchill addresses the mindset and that re-training are necessary to make email marketing work. The content of this book helps you get past the preconceived ideas about spam and to see the strategic way that a complex sales system works.

I enjoyed the entire book and I really enjoyed the sections on how to identify qualified prospects, how to simplify the eighteen components that are necessary and learning about common mistakes. I learned long ago that we can learn through past mistakes – the ones we make and the ones that other people make.

Finally, the eight “fast track” strategies are very useful. We all want to fast track our sales cycle, but it needs to be done correctly. Throughout the book, Churchill explains that we can ruin the sales cycle by pushing too hard to fast, so learning how to effectively “fast track” the program is helpful and will help us avoid mistakes.

My copy of the book has all kinds of information highlighted for future reference. I found many great ideas and tips that I will use. As I was reading the book, I also noticed an idea forming to use email marketing for a client’s business. I hadn’t thought about the approach before, but it made so much sense as I read Email Marketing Solutions.

The content could inspire you to make radical changes in the way your sales force finds and how they handle sales leads. Think of the time and money you could save with a more effective sales prospecting system for your business. Let Winton Churchill show you how to make these changes and how to increase sales that are generated for your company.

Winton Churchill will tour the blog-o-sphere September 15 to October 10. For more details, visit www.virtualblogtour.blogspot.com

The Chic Entrepreneur by Elizabeth W Gordon

The Chic Entrepreneur was written for female entrepreneurs. As a female entrepreneur who is not "girly" or "chicified" - I can still recommend the book. Some of the "chic" and "girly" reference can be distracting, but the actual business content contains plenty of valuable business set up, hiring, management and promotional information.

The Chic Entrepreneur - Put Your Business in High Heels by Elizabeth W Gordon

This book has a catchy title that is meant to appeal to women who are interested in becoming entrepreneurs. One problem is that not all women respond to the fashion and flirty explanation of things – in personal or business matters. Another big concern is the sections that talk about customers and compare this to flirting, marriage and batting your eyelashes. I was told the references are used metaphorically and hopefully readers won’t take these examples literally.

There are obviously some women who respond to this phraseology and comments, but women who don’t appreciate this approach can still learn a lot about business from this book. If this sort of reference appeals to you, read this book. If these references irritate you, I recommend you read the book because there is plenty of great business information in the pages of this book and simply skim past the metaphors. For female entrepreneurs who are less “girly” – you can still learn plenty from this book.

Throughout the book, you will find “Chic Tips”. These are small sections which provide specific tips that relate to the content of each chapter. One example of a “Chic Tip” is: “Instead of figuring out what you can make and then how to sell it, ask the market what it wants or needs, then design a solution for it. Working backward is a market-focused way to take your new product development efforts forward.” At the end of each chapter you will find review questions about the content of each chapter.

The author provides in depth information on these key topics:

• What’s Your Value?

• Pick Your Niche.

• What Do Customers Really Want?

• Attract and Retain the Best Employees.

• Do You Know Your Cash Flow?

• Sales and Marketing Go Hand in Hand.

• Importance of Systematic Processes.

• Strategically Align Yourself.

• Have a Plan and Measure Your Results.

Various examples of the right way to proceed and the wrong way to proceed are included in the chapters. These explain various stages of the business process. There are plenty of individual examples within these stories to show things an entrepreneur should and shouldn’t do during each stage of your business.

Picking your niche or target market is a key when you are getting started. An effective entrepreneur must know who they want and need to attract to their business. Once that information is determined, review what these people need from you. What do they need and what can you effectively offer?

All good business books include information about how to bring in and keep the best employees. Your employees are a key to making your life as an entrepreneur “easier” and to helping you maintain great relationships with your customers, so never skip this important element of your business.

Many businesses are sunk because budgeting is not handled correct and no one really has control and knowledge of the business’ finances. Effective entrepreneurs need to have an accurate view of their finances from the beginning and stay in touch with the finances. One section in this chapter is about keeping personal and business money separate. This is a bit of extra work, but in the long run, it will save all sorts of potential problems and it makes tax preparation much easier when your personal money is separate fro business funds.

Should you advertise? That is a question the author asks in chapter six. The simple answer is a resounding YES. But, in the chapter, she goes into detail about why you promote and how to promote. She also includes a chart of several promotional options along with how often to do each, how to do it, why to do it and the results you should get. The chart is a good place to start and over time you can add or subtract things from that list as you find what sort of promotion is right for your business.

Something I’ve told every client over the years is to establish systems for your business. This makes it much easier to keep the business on track and a big benefit is that its great to have working systems to train new hires. Chapter seven discusses how to set up these systems, how to create a flow chart to make sure you include each step in the process. Over time, you will make changes to these systems and especially as the business grows and new people are hired, but having the basic systems established is a great benefit to you and your business.

Planning is crucial to having a successful business and that is discussed in detail. Learn how to set up things within your business so that you can track the results of promotion, service, specific products and much more. There is also a chapter about setting up strategic alliances with other businesses. Joint ventures and alliances can be great for your business, but they need to be established and executed in the right way for the most benefit.

There is much valuable business information to be learned in The Chic Entrepreneur. I recommend reading the business advise to learn more about how you can set up and run your business in an effective and successful way.

Personality Not Included by Rohit Bhargava

Personality – Personality is defined as “the unique, authentic, and talkable soul of your brand that people can get passionate about. Personality is not just about what you stand for, but how you choose to communicate it. It is also the way to reconnect your customers, partners, employees, and influencers to the soul of your brand in the new social media era.”

Have you ever thought about the fact that your business should have a personality? You might not have thought about creating or developing a personality for your business – but in the twenty first century, your business needs a personality. The time for faceless businesses is gone. We have all been told to develop a brand for our business. But, creating a personality that reflects and deepens that brand is taking the idea to a higher level.

Think about your favorite coffee shop or your favorite restaurant. What do you like about that business? Is it the service, the products, the atmosphere, the location, or something else? The personality includes things that set that business apart from other similar businesses.

This book contains six chapters in Part One. Part Two contains learning guides which expand on the content in Part One and various other resources. The contents include:

Part One

1. Sign Here to Read This (How Organizations Lose Their Personality)

2. The Accidental Spokesman (How Unlikely Voices Are Shaping Your Brand)

3. A Signature is Not Enough (How to Define Your Organization’s Personality)

4. Lessons from the Storytellers (Crafting a Backstory People Care About)

5. Conquering the Fear Factor (Getting Your Organization to Embrace Personality)

6. Add Personality and Stir (Finding and Using Personality Moments)

Part Two

· The Butler Was a Marketer (Putting Personality into Action)

· New Styles of Marketing (Ten Techniques are Described in Detail)

· Taking Theory Further (Tools and Guides to Accompany Chapters 1 – 6)

Throughout the book Rohit Bhargava provides ample examples of businesses which are using the techniques that he discusses. The case studies were almost enough to sell me on this book, but learning about each technique and then being given an interesting and detailed example of how each idea can be implemented in real life was invaluable. For example, we all know that Starbucks is very popular. In Personality Not Included we are given details on what they did right and then how they let the personality slip away.

Another fascinating chapter is chapter two when we learn about the many types of accidental spokesmen that can represent a business. In addition, he tells us how each type of spokesmen is effective and how to make the most of their enthusiasm and appeal. In business for years, I’ve learned so much through mistakes that have been made, by me or by others. There are plenty of examples in this book of what techniques won’t work in certain situations or when it’s better to use another option. I love to highlight the valuable information in books and my copy has plenty of information marked for future use for me and my clients.

Backstory is critical when writing a novel, but have you ever thought about sharing the story behind your business? This chapter explains why you should have a backstory and how to use that backstory. The strangest thing happened as I read this chapter. I usually share my business and promotional background with people when I give my experience, but chapter four helped me begin to develop a new approach. My dream as a teenager was to be a novelist named Nikki Leigh and later on I got my feet wet in promotional work as a consolation prize in a management job and I found that I loved it. Those are two of the things I can use to begin to put the backstory for my business on paper. What story do you have behind your business that would attract the public and help them to see you in a more favorable light?

In the opening chapter and introduction of the book I was patting myself on the back because I’ve used many of the ideas that are presented. Then Rohit Bhargava said something that really got my attention. He mentioned that just learning to create a personality isn’t enough. You need to learn the best way to implement that personality plan in your business and learn to identify even more ways to find opportunities to develop this personality even further.

When you read the book, definitely take the time to read the learning guides in Part Two. Here is an example. In Chapter Four (page 112), we learn about How to Use the Backstory Model Picker. This section summarizes the different types of backstory, what they include and who should use each type. Once you read that information, you flip to the guide on page 259 for much more detail on each of the types of backstory and how to utilize them in the best way. There are many “guides” in the book which give you additional information on how to get the most out of the ideas and techniques in the book.

I highly recommend this book for any entrepreneur and business person who wants to understand the need for a business personality. Business managers can also learn so much from the content in this book. It is also for the person who wants to find the different ways to develop this personality. Your business can stand out from the competition in amazing ways - it just needs more personality. When you read the book, keep your eyes open for the interesting ways the author has woven a unique personality into the pages of the book.