Crush It! by Gary Vaynerchuk – Book Review

I only discovered Gary Vaynerchuk (hereafter called Gary V) earlier this year (2015). He seems to have been around for a LONG time. He created his YouTube channel in October 2007. (I, for what it is worth – which is nothing – created mine in July 2006, so Gary’s claims of being an early adopter are not necessarily true. For the record – he DID something with his channel and I did nothing.)

Gary’s start came as ‘that wine guy’ who had a YouTube channel/show that showed taught you about wine. His personality, on camera at least, is a bit tough, rough and certainly not what you’d think a wine connoisseur would be. But he kept at it and today Gary sits atop a successful media company (VaynerMedia) and his lowly YouTube channel has at this writing over 136,000 subscribers. (I have 513 – at my level every one counts!)

Back in 2009 – long before I was paying attention, though I should have been – Gary V published Crush It. I review it in the video below. The verdict is a strong buy! The book is a how to manual on developing your online brand. And setting yourself free from working for other people.

Check it out. Subscribe for weekly book reviews and more (I publish 2 or 3 videos a week right now!).

[youtube id=qLWss5lmmnc]

Me & Pete: Why I’m doing a YouTube series about Peter Drucker

So, I finished my YouTube series about Tai Lopez’s 67 Steps. I like to do series as it gives me a chance to delve into a topic.

I’ve chosen the teachings of Peter Drucker as my next series. Peter Who? you ask!

Drucker was arguably the founder of -and unquestionably a strong influencer on – modern business management. Drucker took a holistic approach, that an organisation exists within the society it serves. That’s what appealed to me. That, and the fact that his views work – and companies I’ve been involved in that ignored those rules failed.

Below is the playlist. I’m not sure right now how many episodes it will run to (probably a dozen or so) but if you want to learn how to run and manage a business that will stand the test of time I encourage you to subscribe and watch.

It’s free. And it might even also be entertaining.

[youtubelist id=PLiJC12qFqVo2fDezrqPiDo6-W44-_yUSC]

 

The Obstacle is the Way – Book Review

As some of you have been asking what books I’m reading – especially as I said that the thing I liked so much about Tai Lopez is his recommendation to read more – I’ve started to do video book reviews over on my YouTube channel.

Here’s the first one. It’s of Ryan Holiday’s book ‘The Obstacle is the Way’.

I hope you like it. I’m trying to do one a week!

Business & Film Focus

As some of you may know, I have a YouTube channel where I try to talk mostly about my life and business ideas. But, I’m also working on my Masters in Film from Raindance. Right now I don’t really have a resource for that. Soon I’ll put something on here, but, for now to see the documentary I’m working on you can go to this page.

Finally, living in Japan, of course I need to have a YouTube channel under the username of SendaiPhil that addresses this country, in all of it’s beauty and bizarreness.

Please subscribe to my YouTube channels and/or my twitter account to stay up to date

Peter Thiel talk in London on business and politics – Business Insider

Thiel spoke on stage about a wide range of subjects.

Source: Peter Thiel talk in London on business and politics – Business Insider

Peter Thiel is a pretty amazing guy. Co-founder of PayPal, the first outside investor in Facebook… you get the idea.

So, when he speaks you should listen. Thiel talks at length about positioning your company and originality in this piece in the Business Insider.

A must-read

Play pinball like it’s 1978 with the new Kiss game | Ars Technica

Stern Pinball brings back the iconic band for another round with the silver ball.

Source: Play pinball like it’s 1978 with the new Kiss game | Ars Technica

I was never into games, or pinball, when I was a kid, but I was really into Kiss, and on my list of regrets is not buying the original Kiss pinball machine when I saw it in a junk shop in Richmond, VA in the early 90s.

Now new versions are coming out. Priced at a ridiculous level that only Gene Simmons could think of, they will milk the Kiss fans of the 70s who now populate Silicon Valley.

Still…WANT

Bow To Your Billionaire Drone Overlord: Frank Wang’s Quest To Put DJI Robots Into The Sky – Forbes

At 34, Frank Wang has turned his dream of flying robots into the world’s biggest drone company–and an expected $4.5 billion fortune. Now, as the market for his devices explodes, his old colleague is trying to take him down.

Fascinating article about Frank Wang Tao, how he grew DJI into an amazing company, and how he got wrapped up in the concerns over drones.

This is a business article – learn from the best!

Source: Bow To Your Billionaire Drone Overlord: Frank Wang’s Quest To Put DJI Robots Into The Sky – Forbes

Common Stocks, Uncommon Profits – 15 point to measure your business

common-stocks-and-uncommon-profits

I just finished reading Philip Fisher’s seminal investment book ‘Common Stocks, Uncommon Profits’. The book tells you how to truly evaluate a company that you want to invest in (or buy stock of).

The book is a little dated, first coming out in 1960. Some things certainly don’t apply to today’s world (I don’t think you or I could go and meet anyone in management of any listed company!), but a lot of the points are valid and can (and should) be done.

With books like this I like to turn them on their head and say “is my company worth investing in” or how to make it so.

Luckily, Fisher was kind enough to list the 15 criteria that a company should satisfy (or as many as possible). This is a perfect tool for measuring my business and I hope you’ll use it for your company too. Making ourselves and our companies outstanding and outstanding investment opportunities is a key goal!

Here’s his list

  1. Does the company have products or services with sufficient market potential to make possible a sizable increase in sales for at least several years?
  2. Does the management have a determination to continue to develop products or processes that will still further increase total sales potentials when the growth potentials of currently attractive product lines have largely been exploited?
  3. How effective are the company’s research-and-development efforts in relation to its size?
  4. Does the company have an above-average sales organization? (ouch!)
  5. Does the company have a worthwhile profit margin?
  6. What is the company doing to maintain or improve profit margins?
  7. Does the company have outstanding labor and personnel relations?
  8. Does the company have outstanding executive relations?
  9. Does the company have depth to its management?
  10. How good are the company’s cost analysis and accounting controls?
  11. Are there other aspects of the business, somewhat peculiar to the industry involved, which will give the investor important clues as to how outstanding the company may be in relation to its competition?
  12. Does the company have a short-range or long-range outlook in regard to profits?
  13. In the foreseeable future will the growth of the company require sufficient equity financing so that the larger number of shares then outstanding will largely cancel the existing stockholders’ benefit from this anticipated growth?
  14. Does management talk freely to investors about its affairs when things are going well but “clam up” when troubles and disappointments occur?
  15. Does the company have a management of unquestionable integrity?

How well did your company do? I can clearly see some areas where my company needs to improve.

The book is an amazing read. Pick it up if you can. I’m not going to include a link to it, I’m sure you know where to find it!