Get Backed by Evan Baehr and Evan Loomis is a great book for any entrepreneur who expects to raise equity funding for his business. 

Not only does the book explain the mechanical and definitional aspects of the fund raising process, but more importantly it teaches the relational realities necessary to be successful in building your venture. The teaching/writing style is gentle and encouraging and the authors use plenty of real-world stories and examples to help the reader get a true sense for what it looks like when done right. This book is one of the best at teaching how to build a pitch deck, and yet it is so much more. I strongly recommend it to anyone involved in raising money for any venture. 

I also recommend reading Part Two before reading Part One. I’ve had this book for more than 5 years. I’ve really appreciated the first part of the book and recommended it to others as a great guide for how to build a pitch deck. But I had never actually read the book until now. Part Two explains the key things an entrepreneur needs to understand about raising funding. This is at least as important as knowing how to put together a pitch deck and without this background, building the deck lacks the context to approach the exercise with the subtlety needed to truly connect with potential investors.

Read the full review here.

Anthony Kennada was Chief Marketing Officer of Gainsight when he wrote Category Creation. Gainsight had successfully created the Customer Success category. In writing the book he also spoke to a number of other marketing leaders who had helped create other Software as a Service categories (like HubSpot) and looked at earlier examples (like Salesforce) in order to develop a guide for how a company can create a new product category.

Category Creation describes the discipline as a “long term greedy” endeavor. It takes significant investment and patience before a company can reap the benefits of creating a category. Therefore it would be wise for companies that think they might have the opportunity and desire to create a new category to read this book to know what they are getting into and to have a general sense of how to go about it.

While readers may hope for a step-by-step guide to making a new category, the heart of the book is a collection of seven general principles. There’s a lot of good content in this part of the book, but it’s uneven. Sometimes the advice is very general and sometimes it’s very specific. Sometimes the observations seem very specific to Gainsight; sometimes they seem applicable to B2B SaaS companies like Gainsight; and sometimes they seem like they might be more broadly applicable. Overall, this is the most helpful part of the book, but the reader needs to exercise discretion in figuring out whether and how she can apply the lessons to her specific situation.

Bottom line, Category Creation is well worth reading by anyone considering trying to create a new product category. There are many helpful principles and lessons learned from companies who have successfully done so in the past. However, readers should have realistic expectations for how successful the book will be in fully delivering on its promise.

Read my full review here.

I hoped that The Greatest Business Decisions of All Time by Verne Harnish and the Editors of Fortune would not only tell me about great decisions, but would also explain how those decisions were made. Some of the 18 chapters do exactly that, but most fall far short. The stories are usually still interesting and entertaining, so the book is an enjoyable read, just not as helpful as it could be.

Read the full review here.

Or, if you do want a book that describes decisions (whether great or not) and how they were made, you might enjoy my book on decisions made throughout the 100+ year history of one company. You can download it for free (or order a printed copy) here: https://blog.sdgstrategy.com/a-sprint-to-the-finish/

Almost by definition growth is foundational to both startups and scaling enterprises. However, the nature of that growth and how it is achieved changes dramatically as a business matures. Similarly, the role of the company’s leader in that growth will also change. If you are the founder of a startup transitioning to become CEO of a scaling enterprise, what do you need to do to successfully navigate those changes and keep your business on a healthy growth trajectory?

In the article linked below, I explore how Marketing, Sales, and Scaling Operations change as a business moves through three phases: startup, as it begins to scale, and as it begins to mature.

Read the full article here.

Growing a business is hard. So often it seems like a chaotic journey of hard decision after hard decision with periods of intense focused execution in between. Early in my career I learned that hard decisions become much easier once you have a strategic framework in place to guide those decisions. The structure and clarity a framework provides often immediately eliminates half the options on the table and simplifies the process of evaluating the other half.

Scaling Up by Verne Harnish is all about structure and clarity, but takes the benefits well beyond a strategic framework. The book is organized around four categories of decisions that leaders must address: people, strategy, execution, and cash. The four sections covering those four types of decisions all start with a collection of tools helpful in making those decisions. In the intro to the book Harnish says “we’ve learned that CEOs and executives of growth firms want ideas and tools they can implement immediately to improve some aspect of their business”. 

In short, Scaling Up provides tools you can use immediately for whatever hard decision your company is facing today.

Read the full review here.

One of my clients recently asked for my perspectives on how he could involve God more directly in his business. This is a big and important question.

There is no single answer that will work for everyone and every business. If you earnestly seek to involve God in your business, it will require the means of grace that God has provided including prayer, time in His Word, the Bible, and fellowship with other Christians, seeking their wise and Godly counsel.

This client knows that, and he was seeking my wisdom and counsel as part of that process. I gave him a quick answer that I think was helpful. I have identified a variety of resources to provide a more comprehensive view of what it might look like to involve God in your business.

I share both in the article available here.

A few months ago I defined business operations this way: Business operations is the collection of activities and resources required for a business to deliver its value proposition to its customers.

Scalability refers to the ability to easily handle an increasing amount of activity with consistent quality and improving economics. 

Most startups are almost intentionally unscalable. The startup phase of a business involves lots of experimenting to find what works. The business is designed for flexibility, not scalability. Scalability involves standardizing and automating processes as much as possible. It requires an investment in time and often money that really doesn’t make sense until you’re done experimenting and you’ve decided exactly how you’re going to operate.

But at some point, the startup becomes a scaling business that needs to profitably keep up with growing demand.

The article linked below describes the 5 key steps to scalable operations.

Click here to read the full article.

The Unicorn Within, by Linda K. Yates, teaches mature companies how to launch disruptive new ventures the same way that startups do, but with the added boost of what the author calls “the Mothership advantage”.

The Unicorn Within is primarily aimed at leaders of large, mature businesses who want to increase innovation specifically by establishing the capability to launch new startup ventures from within. The book lays out the comprehensive methodology that Yates’ company Mach49 uses to help their clients do just that. This involves a major commitment of time and resources.

The Unicorn Within will also be valuable to anyone wanting to know how to launch startups outside of big companies. The Mach49 methodology is based upon the best practices used by the most successful venture-backed startups. First time entrepreneurs (and even those who’ve started companies in the past) will benefit from the detailed step-by-step process the author lays out for launching a new venture. Those that teach entrepreneurship should consider using the book in their classes. Those that coach, mentor, or otherwise support entrepreneurs will also gain valuable insights into what it takes to successfully launch a startup.

Click the link below to read my full review.
https://clearpurpose.media/book-brief-the-unicorn-within-899e7714a0d9?sk=e94561db41021fcb30fbe7a63cef5868

Good salespeople have a well-defined system that they consistently apply in their dealings with customers. For those without a system, or whose current system isn’t working, You Can’t Teach a Kid to Ride a Bike at a Seminar by David H. Sandler is for you. It teaches the Sandler System. It does so through an engaging and entertaining writing style, giving lots of real world examples, and calling out plenty of “Sandler Selling Tips” along the way. 

The name of the book is meant to emphasize that you aren’t really going to learn how to sell by reading the book. It will provide head knowledge about the system and specific techniques critical to success in using the system, but you’re going to need to practice those techniques, and probably fail a few times, before you really learn it. Since the Sandler organization operates 250 training centers around the world, I’m guessing the book is also intended to emphasize that it helps to have someone running along side you, encouraging you, and pointing out how to get better at selling.

You Can’t Teach a Kid… is fun to read and full of great content. Even if the Sandler System isn’t for you, you’ll pick up some good ideas for improving your sales approach. But if you don’t have a system, or your system isn’t working, this book might just begin to teach you a system worth trying.

Click the link below to read my full review.
https://clearpurpose.media/book-brief-you-cant-teach-a-kid-to-ride-a-bike-at-a-seminar-994d3987306b?sk=674bb9ccf4555070be7ee3ef8483a748

It used to be that almost all sales involved interpersonal interactions. A salesperson approached a potential customer and offered products or services, or a customer walked into a retail store and made a purchase. Today, many business-to-business transactions still involve a traditional salesperson-client interaction, but both consumer and business transactions are increasingly moving online with little or no human-to-human interaction. 

In the article linked below, I look at sales under two different models – relational and transactional. For each, I discuss tools commonly used to effectively manage through different phases of the sales process and, along the way, identify 42 different specific steps you can take to increase sales. Bottom line, “selling more” does not require “more selling”, but rather often involves better listening. If you better understand your customers and their needs, better meet those needs, and act in a way that builds their trust in you, you will sell more.

Read the full article here and see the 42 ways to increase sales.