Book Review: EntreLeadership By Dave Ramsey

Ian Cassel Blog, Book Reviews Leave a Comment

I’m part of a book club with a few small business owners. We meet once every other week at 6am at a local church and talk about that weeks reading assignment and how it applies/can be applied to business.  Even though I’m not a business owner per se, I am an investor in small businesses, so many of the things I’ve read help me better qualify potential investments.  A big part of investing in micro cap companies is betting on the right Jockey.  At my book club, for the last few weeks we’ve been reading EntreLeadership by Dave Ramsey.  EntreLeadership defined is “The Process of leading to cause a venture to grow and prosper”.

The book is a very modern day practical guide to starting, managing, and growing a business, an EntreLeadership business.  Ramsey brings in his real life business experiences to hit home almost every point he makes in the book.  The bottom line is if I was a small business owner, this book would be a must read.  As an investor looking to find and invest in “EntreLeaders”, this book really helped show me what behaviors and processes are evident in these leaders.

One of things that stuck in my mind was an example in the book that talks about unity:

“One of the largest, strongest horses in the world is the Belgian draft horse.  Competitions are held to see which horse can pull the most and one Belgian can pull 8,000 pounds.  The weird thing is if you put two Belgian horses in the harness who are strangers to each other, together they can pull 20,000 – 24,000 pounds.  Two can pull not twice as much as one but three times as much as one.  This example represents the power of synergy.  However, if the two horses are raised and trained together they learn to pull and think as one.  The trained, and therefore unified, pair can pull 30,000 – 32,000 pounds, almost four times as much as a single horse.”

I believe this example can symbolize many things as it relates to business.  As a micro cap investor I immediately thought of the synergy that happens when the right leader (CEO) knows how to operate, manage, and grow the business as well as the stock.  Too many micro cap CEO’s only focus on one or the other and this can be disastrous for both.  However, when a micro cap CEO is successfully managing and growing both the business and the stock, the results are multiplied for stakeholders and stockholders.

Bottom Line: Read It! (Buy it Here)

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