Building on Bedrock

288 pages, 2018

Derek Lidow

business & management

1082 books

Takeaways

Description

Entrepreneurship is not what most people think it is. The myths that permeate our culture about founding a company causes countless people to throw away money, destroy relationships, and lose precious years of their life--all without a successful business to show for it at the end.

At the same time, giving up on entrepreneurship means ditching the greatest engine for personal advancement, freedom, and fulfillment the world has ever known. So how can you become an entrepreneur without giving up your health, your security, your friends, and your sanity?

Building on Bedrock is about answering this question. This book focuses on how and when you should take the leap and whether entrepreneurship is even the right thing for you in the first place.

Understanding the Two Types of Entrepreneurs

In Building on Bedrock, Derek Lidow explores the differences between 'high-risk' and 'bedrock' entrepreneurs. High-risk entrepreneurs are those who chase after innovative ideas, while bedrock entrepreneurs build on proven concepts. Lidow encourages readers to understand which type they are, as it can significantly impact their entrepreneurial journey.

The Importance of Self-Awareness

Lidow emphasizes the importance of self-awareness in entrepreneurship. He suggests that understanding your strengths, weaknesses, and motivations can help you make better decisions and lead more effectively. So, take some time to reflect on your personal traits and how they can contribute to your business success.

The Power of Persistence

Building on Bedrock shows that success doesn't come overnight. Lidow shares stories of entrepreneurs who faced numerous challenges but persisted and eventually succeeded. If you're feeling discouraged, this book will remind you that persistence is key in the entrepreneurial world.

The Role of Leadership

According to Lidow, leadership is not just about managing a team. It's about setting a vision, making tough decisions, and inspiring others. In Building on Bedrock, you'll find valuable insights on how to become a better leader in your entrepreneurial journey.

The Value of a Solid Business Model

Lidow stresses the importance of having a solid business model. He argues that a good idea is not enough - you need a viable business model to turn that idea into a profitable venture. So, if you're planning to start a business, make sure to check out Building on Bedrock for tips on creating a strong business model.

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Building on Bedrock provides a new perspective on entrepreneurship, challenging the Silicon Valley startup model and offering a fresh view on building a successful business.

Steve Blank - Silicon Valley entrepreneur

Lidow's book is a must-read for anyone who wants to understand the realities of starting a business and the strategies for success.