A mind map book summary about "Shut Up and Listen!: Hard Business Truths that Will Help You Succeed"
About this book:
For entrepreneurs ready to reach the next level of success, small business owner turned multibillionaire Tilman Fertitta shares the commonsense principles that have rocketed his worldwide hospitality empire to the top.
For aspiring entrepreneurs or people in business, this book will help you take your company to the next level. When you put this book down, you'll know what you're doing right and what you're doing wrong to operate your business, and if you're just getting started, it will help set you up for success.
SHUT UP AND LISTEN Hard Business Truths That Will Help You Succeed
THE BIG FIVE BLINDSPOTS
1. Hospitality
Whether you realize it or not, every successful business is built around hospitality. You have to know what this means for your business and then overcome each and every obstacle which can get in the way of providing hospitality.
Know what hospitality feels like and looks like
Find ways to take "No" out of your vocabulary
Cater to the masses, not the classes
2. Know your numbers
Your numbers will dictate whether you rise to the next level or struggle endlessly. You've got to know your numbers inside and out to drive your business. It doesn't matter how good your product is – if you don't know your numbers, you'll go out of business.
Guard your working capital at all times
Be very careful about property leases
Know your numbers, as numbers never lie
3. The 95:5 rule
Most businesses tend to be good at around 95 percent of what they do. It's that remaining 5 percent that makes all the difference. Identify what your 5 percent is and then do everything you need to do to make your business excel in those areas.
Get to know your "Five" inside and out
Find ways to identify and leverage your strengths
Partner with those with complementary strengths
4. See/seize opportunities
Successful entrepreneurs are opportunists. Build a business that does something different, something better. If you can make the most of situations saturated in chaos and confusion, you'll do well. Success always takes time and perspective.
Prepare for both good and bad – they will come
Learn to be patient – you're gonna need it
Don't ever lose your hunger to excel
5. Live your leadership
Anyone can be a leader when times are good. It's when things are bad that you have the opportunity to show what you're really made of. Work hard to steadily improve your leadership skills. Great leadership goes hand-in-hand with great businesses.
To lead, you have to start listening first
Great leaders are always great teachers
Leadership means change and change again
SHUT UP AND LISTEN - Hard Business Truths that Will Help You Succeed
2
SHUT UP AND LISTEN Hard Business Truths That Will Help You Succeed
THE BIG FIVE BLINDSPOTS
1. Hospitality
Whether you realize it or not, every successful business is built around hospitality. You have to know what this means for your business and then overcome each and every obstacle which can get in the way of providing hospitality.
Know what hospitality feels like and looks like
Find ways to take "No" out of your vocabulary
Cater to the masses, not the classes
2. Know your numbers
Your numbers will dictate whether you rise to the next level or struggle endlessly. You've got to know your numbers inside and out to drive your business. It doesn't matter how good your product is – if you don't know your numbers, you'll go out of business.
Guard your working capital at all times
Be very careful about property leases
Know your numbers, as numbers never lie
3. The 95:5 rule
Most businesses tend to be good at around 95 percent of what they do. It's that remaining 5 percent that makes all the difference. Identify what your 5 percent is and then do everything you need to do to make your business excel in those areas.
Get to know your "Five" inside and out
Find ways to identify and leverage your strengths
Partner with those with complementary strengths
4. See/seize opportunities
Successful entrepreneurs are opportunists. Build a business that does something different, something better. If you can make the most of situations saturated in chaos and confusion, you'll do well. Success always takes time and perspective.
Prepare for both good and bad – they will come
Learn to be patient – you're gonna need it
Don't ever lose your hunger to excel
5. Live your leadership
Anyone can be a leader when times are good. It's when things are bad that you have the opportunity to show what you're really made of. Work hard to steadily improve your leadership skills. Great leadership goes hand-in-hand with great businesses.
To lead, you have to start listening first
Great leaders are always great teachers
Leadership means change and change again
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This work was published by MindMaster user Second Hand Poet and does not represent the position of Edraw Software.
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SHUT UP AND LISTEN Hard Business Truths That Will Help You Succeed
THE BIG FIVE BLINDSPOTS
