3 out of 4 stars
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Step by Step Guidance to Three Profitable Businesses is a book written by T.Goodwin that lives up to its name. The author painstakingly details the steps that are required to build successful businesses in the non-medical homecare space, domestic referral space and the tutoring space.
This is not a general book on entrepreneurship that only aims to make the reader a better businessman in general. This book takes a very different approach to detail the steps needed to build three specific businesses. First, the book talks about the requirements for building a non-medical homecare company. It suggests various strategies for cost-saving (having a virtual office) and marketing (talking to receptionists and doctors in hospitals). It also provides details about the regulatory requirements in the US and also has sample forms that can be used as a baseline to build your own. Then it moves on to building a Domestic Referral Agency which works with independent contractors and not employees. Here too, the author provides tips and tricks that are crucial and derived from experience along with documentation and an explanation of the relevant terms. Finally, the author provides a blueprint for a tutoring company which includes ideas about how and where to get prospective tutors and clients.
The best part about the book is that it is made to be directly actionable. If the reader is interested in building one of these three businesses, they now have the tools and information to get started. In addition to that, the reader gets to bypass the common pitfalls in the field by relying on the wealth of experience that the author has distilled into this book. Between that and the sample documentation, the reader can ensure that they get off to a great start. With sample invoices, marketing flyers and timesheets, the reader’s start-up can begin with the systems and practices of successful companies in the field, which would give them a huge boost over competitors.
One problem I had with the book was the repetitive nature of the points made. This problem primarily comes down to the structure of the book. Since the author proceeds business by business, a lot of the points that are relevant across multiple businesses end up being repeated multiple times. A better way to go about this would be to start off with a section on best practices that are applicable across multiple businesses before diving into the specifics of individual businesses. In addition, there were far too many typos and grammatical errors that detracted from the experience of reading the book.
This book would be ideal for people who either have a business in one of these domains or are interested in starting one. I rate this book 3 out of 4 stars as I think the content in it can be immensely valuable. However, the grammatical errors in the book prevent me from giving it a perfect rating.
Step by Step Guidance to Three Profitable Businesses
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