This book review on “Pathway to Profits: A Mr. Biz Guide to Running Your Business Like a Boss” is the second one that I’ve done for a book by Ken “Mr. Biz” Wentworth. You can also read the review on his first book, “How to Be a Cash Flow Pro: A Mr. Biz Guide to Crushing Business Owner Insomnia.”
Pathway to Profits: A Mr. Biz Guide to Running Your Business Like a Boss
Are you a small business owner that wants a guide on how to make a little more profit while increasing your free time? This book is all about turning problems into profits, so it’s a good place to start.
Ken shares a lot of really great tips especially for the small business owners that are running service companies and restaurants. It’s also a book that makes for a good gift for young entrepreneurs launching a startup.
There are parts of this book that may not apply to all types of businesses in every type of industry and that is OK. This book covers a lot of material and the information is also applicable to most small businesses. It would be a challenge for anyone to do a better job of covering so many different types of small businesses and tips to turn a profit. It’s a no-brainer at less than $20.00 on Amazon.
Some of the small business tips in this book include:
- How to increase your customer base
- Ways to make more from your existing customers
- How to create referrals and marketing partnerships
- Creative ways to up your transaction totals
- The power behind offering rebates
- How to give your customers incentives to spend more
- Examples on how to set a feasible budget for your business.’
- Info on different types of financing and small business loans
- When to Do It Yourself (DYI) and when to hire an expert
- How to hire the right people
There is a lot of other topics covered in the book, but those are the ones that I personally found most interesting. This book can be used as a point of reference as these topics come up too.
Final thoughts on “Pathway To Profits”
I found this book really enjoyable considering the subject matter due to the personal way that it was written. It doesn’t read like a text-book, as there is a lot of personal stories and insights, but there is a ton of useful info in the book. Owning a small business is tough, so books that break down complex business strategies in a way that is easy-to-understand and implement has to earn a good grade from me.
This book is a great investment for anyone that takes their business seriously. It also makes me look forward to the second book and wonder what is yet to come.
P.S. I give Ken extra credit for mentioning the Golden Rule and win-win in throughout the book.