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Summary of The $100 Startup 

4.5 . 5742 reviews

Short summary

The $100 Startup” by author, entrepreneur, and speaker Chris Guillebeau, is the result of identifying 1,500 individuals who have built businesses earning $50,000 or more from a very modest investment (often $100 or less), and a focus on the 50 most intriguing case studies. In this summary, Chris Guillebeau the most valuable lessons from those who’ve learned how to turn what they do into a gateway to self-fulfillment distilled into one easy-to-use guide. You will discover that creating a successful company is all about finding the intersection between your “expertise” and what other people will pay for. “You’ll always have plenty of work if you make your business about helping others.” ~ Chris Guillebeau

Table of content

  • Summary of The $100 Startup
  • About the author
  • What is The $100 Startup about?
  • Who should read The $100 Startup
  • Topics in The $100 Startup
first key point

The new microbusiness revolution is changing how we think about work and how we do it

Listen the first key point
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Imagine being able to live your life doing the things you really love. Imagine being able to give your undivided attention to a project that matters to you rather than getting stuck in a rat race working to make other people rich. Imagine that today is the last day of working for someone else.

What if, next week, you start your workweek by firing up your laptop in your home office, calling a client to offer your professional advice, opening the doors of your new store, or otherwise doing whatever you want instead of what others tell you to do? In many ways, thousands of people all over the world are doing exactly that. They’re turning the conventional notion about work on its head, becoming their own bosses, crafting out their path to a new future. This new model of doing business works out perfectly fine for these unexpected entrepreneurs. It is the microbusiness revolution. The microbusiness revolution is a new means of earning a good living while creating a life of purpose and independence. This revolution grows stronger day in and day out as people continue to walk away from the traditional work model, choosing to craft their own path and create the future they want.
While starting a small business isn’t something new, this is the first time so many possibilities have come together in the right place at the right time. Costs have gone down, and access to technology has increased greatly.
Now you don’t have to wait for months to gauge how prospects will respond to an offer; you can instantly test–market your idea. You can set up a PayPal account in less than 10 minutes and get paid by clients from over 180 countries. Better still, as you create a community of loyal clients, you’ll be able to come up with the right things to make for them, and accurately forecast how likely you are to be successful without investing too much money. Your odds of success will grow steadily as you gain more understanding of how your skills and knowledge can be useful to others.

Freedom and value. Those are the two core themes on which this summary will be centered. Freedom is what we all want, and value is the only way to achieve it.
second key point

Make your business about helping others and it won’t have any difficulty growing

The reason almost all startups fail to succeed is that entrepreneurs often make the mistake of producing goods or offering services that nobody will ever want to pay for. Once most people have an excellent idea and enough resources, they start a company right away without first taking the time to find out whether or not there is a market need for their products.
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third key point

To get paid doing what you love, you must connect it to what other people want

fourth key point

Keep your plans as simple as possible; action beats planning

fifth key point

For your business to thrive, you must learn to make offers prospects can’t refuse

sixth key point

Hustling: self–promotion is the key to getting your business up and running

seventh key point

Spend as little money as possible and make as much money as you can

eighth key point

Conclusion

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What is The $100 Startup about?

Who should read The $100 Startup

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Do you find yourself staring at your computer for long minutes, unaware of time slipping by? Do you enter a room and suddenly cannot remember why you stepped in the first place? Is it a herculean task for you to sit through ten pages of a book without reaching for your phone? If yes, your focus needs some work and fast.

Actually, yours is not a unique situation. Many adults like you have issues concentrating on a given task. However, in this fast-paced world of ours, you can’t afford to be not focused at all times. Thankfully, this article comes to your rescue! With the tips and tricks from Hyperfocus by Chris Bailey, you will get in the top percent of folks who have mastered the art of concentration.