Starting a business is easy! Successfully running a business can be a challenge. Jim Muehlhausen has traveled the country collecting best and worst practices from business owners. The 51 Fatal Business Errors provides a quick and easy format to learn from other business owner's successes and failures. Each error contains a real-life example and definitive action-steps needed to improve your business. The 51 Fatal Business Errors is not full of fancy theories or fluff. It is chock-full of real-world experience learned at the world's most expensive business The School of Hard Knocks.
Like most entrepreneurs, Jim Muehlhausen has done a little bit of everything—ranging from CPA, franchisee, attorney, business owner, consultant, franchisor, public speaker, university professor, and book author.
While still attending the Indiana University Maurer School of Law, he became the youngest franchisee in Meineke Discount Muffler history (1987–1991). After successfully selling that business, Jim founded an automotive aftermarket manufacturing concern. During his nine-year tenure with that business, the company achieved recognition from Michael Porter of the Harvard Business School and Inc. magazine in the IC 100 Fastest-Growing Businesses.
About twenty years ago, he found his true passion, serving as a consultant, business coach, and advisor to hundreds of businesses. He has conducted 10,000+ one-on-one consulting sessions with business owners around the globe. He has written three well-regarded books, The 51 Fatal Business Errors and How to Avoid Them, and Business Models for Dummies, Half-Retire: Keep Your Income, Ditch the Stress, and has contributed to publications such as Inc., The Small Business Report, Entrepreneur, BusinessWeek, and various business journals.
This is the absolute best business book I have ever read. Why? Because it's brutally honest and I think the subject matter shows just how bad it is out there. Sure, many of the 51 Errors might seem obvious, but the truth is most CEOs and entrepreneurs are in denial that they are 100% at fault for the problems their business has. This book breaks the issues down.
Seriously, every CEO, President, upper management, and entrepreneur should read this book and learn from it. Don't think it doesn't apply to you. It does. These are the big mistakes many businesses are making.
The book is written in an easy to understand manner. The 51 Fatal Errors probably seem too simple or easy to be helpful. The truth is, most business managers make their business operation way too complicated by getting wrapped up in day to day tasks that they don't need to be involved in - but they THINK they need to be involved. There's a cycle that happens with this, and Muehlhausen lays it out for you.
I have no dog in this fight. I just think it's a great book and I am strongly considering giving copies to some people in my "business" life.
I always appreciate authors who write about these kinds of topics. Even if you're not in business at present, it's a very fascinating read. You never know when you'll need this type of book.