This chapter dived into the topic of a business filing for chapter 11 bankruptcy. It’s titled “When Filing For Bankruptcy Is Your Best Option, Do It Early!†Cloutier talked about how while many people have a very negative social view of bankruptcy, sometimes it just makes perfect sense and that the law of bankruptcy was
What kind of chapter was this? My goodness. It’s definitely not any kind of advice I have ever heard of before. The chapter title is “You are not in the business to pay your vendors.†It revolved around trying to keep your cash as long as you can and in this case that means paying
“I Am Your Work God!†was the colorful title for this section of the book. It was pretty familiar advice I thought in terms of taking the more no nonsense and non emotional approach to running a business. It revolved around handling employees and that you need to make sure that everyone follows orders. It’s
Okay, I think you need like a human resource consultant or lawyer before implementing any of the tips in this chapter. It is titled “Pay For Performance†and it revolved around how you should set everyone in the business with a compensation structure where their paycheck can increase or decrease based on performance. Very much
There was a lot technical material in this chapter I think. It was called “Live And Die By The Plan.†The main formula that Cloutier was emphasizing was how you should always have a “profits first†plan. I’ll try to briefly explain it. From what I gather, he emphasizes how when it comes to planning
I think this is the first time in awhile where there was a word in a book that I actually never heard of before. The chapter of the title is “Delegate, Don’t Abdicate.†I never heard of the word “Abdicate†before. I looked it up and it is along the lines of relinquishing something. The