by Mike Michalowicz
In this book, toilet paper is a metaphor for resources. The more you have, the more carelessly you use them. And if you have only a few, you have to get inventive.
Mike Michalowicz, founder of several multimillion-dollar companies, offers an unconventional guide to starting and running a business. A sustainable business is usually built not with millions of dollars in venture capital but with ingenuity and passion.
The book is divided into three parts:
Part 1, "Values": Values are enduring and guide a person. Businesses also need values, and when the values of the founder and the business match, the business becomes authentic and automatically attracts customers who share those values.
Part 2, "Focus": In the initial phase, a company must focus on one product – namely, the one that corresponds to the founder's core competence. Founders must say "no" to everything else.
Part 3, "Actions", contains numerous practical tips and instructions, including long-term planning and its continual adjustment, short-term planning of action items, defining and monitoring metrics, and – ultimately – raising capital.
As a reader, you quickly realize that the book was written by an experienced founder, not an economist. Theory and detailed analysis should not be expected in a book with "toilet paper" in the title. Instead, you are confronted with the unsparing truth about entrepreneurship – in profane language and with a good dose of "potty humor".
I found the book very inspiring and recommend it to anyone who is thinking about starting a business (or has already started one).
Suitable as an audiobook? Yes, and it is narrated by the author himself.
Entrepreneurship (9.63)
Small Business (9.03)
Business Strategy (8.81)
Startups (8.67)
Business (8.1)
Innovation (7.6)