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THE ENTREPRENEUR'S SECRET TO CREATING WEALTH

HOW THE SMARTEST BUSINESS OWNERS BUILD THEIR FORTUNES

Useful if buying a building; highlights address the broader topic of contemporary entrepreneurship.

A revealing if overlong guide to helping small business owners grow their wealth.

Hurn’s book states that small business owners are better off if they own the commercial property in which they do business. Although purchasing commercial property is frequently prohibitively expensive for fledgling businesses, there is a little-known loan program from the Federal Small Business Administration—the SBA 504 loan—that can provide small business owners with advantageous financing. Author Hurn, who left a job at GE Capital to found a business that helps entrepreneurs finance the acquisition of commercial property, proves to be an engaging advocate, although he occasionally sounds like an infomercial for his company. After explaining his fascinating background in business and politics, Hurn argues for owning over renting, offers advice on finding the right property and the right commercial broker, and then gives tips for successfully applying for an appropriate loan. Each chapter closes with an engaging Q-and-A with a businessperson (and Hurn client) who discusses life as an entrepreneur, as well as the experience of purchasing commercial property. Although there are a number of useful technical points here, making the case for property ownership and putting a spotlight on SBA 504 loans doesn’t require a manuscript of this length, and the book feels drawn out and repetitious. For a casual reader, the meat is in the Q-and-As, where Hurn paints a portrait of contemporary entrepreneurship, as well as in the details of his own business career, which convincingly captures the excitement of a life in finance. Overall, Hurn’s engaging mix of clarity, enthusiasm and nuts-and-bolts humility mark him as an author to watch in the finance genre.

Useful if buying a building; highlights address the broader topic of contemporary entrepreneurship.

Pub Date: Oct. 1, 2012

ISBN: 978-1599323152

Page Count: 280

Publisher: Advantage Media Group

Review Posted Online: Nov. 9, 2012

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POVERTY, BY AMERICA

A clearly delineated guide to finally eradicate poverty in America.

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A thoughtful program for eradicating poverty from the Pulitzer Prize–winning author of Evicted.

“America’s poverty is not for lack of resources,” writes Desmond. “We lack something else.” That something else is compassion, in part, but it’s also the lack of a social system that insists that everyone pull their weight—and that includes the corporations and wealthy individuals who, the IRS estimates, get away without paying upward of $1 trillion per year. Desmond, who grew up in modest circumstances and suffered poverty in young adulthood, points to the deleterious effects of being poor—among countless others, the precarity of health care and housing (with no meaningful controls on rent), lack of transportation, the constant threat of losing one’s job due to illness, and the need to care for dependent children. It does not help, Desmond adds, that so few working people are represented by unions or that Black Americans, even those who have followed the “three rules” (graduate from high school, get a full-time job, wait until marriage to have children), are far likelier to be poor than their White compatriots. Furthermore, so many full-time jobs are being recast as contracted, fire-at-will gigs, “not a break from the norm as much as an extension of it, a continuation of corporations finding new ways to limit their obligations to workers.” By Desmond’s reckoning, besides amending these conditions, it would not take a miracle to eliminate poverty: about $177 billion, which would help end hunger and homelessness and “make immense headway in driving down the many agonizing correlates of poverty, like violence, sickness, and despair.” These are matters requiring systemic reform, which will in turn require Americans to elect officials who will enact that reform. And all of us, the author urges, must become “poverty abolitionists…refusing to live as unwitting enemies of the poor.” Fortune 500 CEOs won’t like Desmond’s message for rewriting the social contract—which is precisely the point.

A clearly delineated guide to finally eradicate poverty in America.

Pub Date: March 21, 2023

ISBN: 9780593239919

Page Count: 288

Publisher: Crown

Review Posted Online: Nov. 30, 2022

Kirkus Reviews Issue: Jan. 1, 2023

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THE CULTURE MAP

BREAKING THROUGH THE INVISIBLE BOUNDARIES OF GLOBAL BUSINESS

These are not hard and fast rules, but Meyer delivers important reading for those engaged in international business.

A helpful guide to working effectively with people from other cultures.

“The sad truth is that the vast majority of managers who conduct business internationally have little understanding about how culture is impacting their work,” writes Meyer, a professor at INSEAD, an international business school. Yet they face a wider array of work styles than ever before in dealing with clients, suppliers and colleagues from around the world. When is it best to speak or stay quiet? What is the role of the leader in the room? When working with foreign business people, failing to take cultural differences into account can lead to frustration, misunderstanding or worse. Based on research and her experiences teaching cross-cultural behaviors to executive students, the author examines a handful of key areas. Among others, they include communicating (Anglo-Saxons are explicit; Asians communicate implicitly, requiring listeners to read between the lines), developing a sense of trust (Brazilians do it over long lunches), and decision-making (Germans rely on consensus, Americans on one decider). In each area, the author provides a “culture map scale” that positions behaviors in more than 20 countries along a continuum, allowing readers to anticipate the preferences of individuals from a particular country: Do they like direct or indirect negative feedback? Are they rigid or flexible regarding deadlines? Do they favor verbal or written commitments? And so on. Meyer discusses managers who have faced perplexing situations, such as knowledgeable team members who fail to speak up in meetings or Indians who offer a puzzling half-shake, half-nod of the head. Cultural differences—not personality quirks—are the motivating factors behind many behavioral styles. Depending on our cultures, we understand the world in a particular way, find certain arguments persuasive or lacking merit, and consider some ways of making decisions or measuring time natural and others quite strange.

These are not hard and fast rules, but Meyer delivers important reading for those engaged in international business.

Pub Date: May 27, 2014

ISBN: 978-1-61039-250-1

Page Count: 288

Publisher: PublicAffairs

Review Posted Online: April 15, 2014

Kirkus Reviews Issue: May 1, 2014

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