PDF Ebook The Power of Broke: How Empty Pockets, a Tight Budget, and a Hunger for Success Can Become Your Greatest Competitive Advantage
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The Power of Broke: How Empty Pockets, a Tight Budget, and a Hunger for Success Can Become Your Greatest Competitive Advantage
PDF Ebook The Power of Broke: How Empty Pockets, a Tight Budget, and a Hunger for Success Can Become Your Greatest Competitive Advantage
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Audible Audiobook
Listening Length: 8 hours and 44 minutes
Program Type: Audiobook
Version: Unabridged
Publisher: Audible Studios
Audible.com Release Date: September 27, 2016
Whispersync for Voice: Ready
Language: English, English
ASIN: B01KOXWDPC
Amazon Best Sellers Rank:
The Power of Broke; How Empty Pockets, A Tight Budget, and a Hunger For Success Can Become Your Greatest Advantage by Daymond John mentions listing of details as well as what he wants to share through his writing. For instance, Daymond John lists in his book that at least 25 percent of the world’s total advertising budget is devoted to online promotions (as per the listed source of digital platform Webdam), John also mentions the Rocky movies and the Eye of The Tiger song by Survivor to tie in the way of being determined and driven.
This book should be required reading in business schools as the first 43 pages alone blow away most business books out there. This book is rich in content and great stories you can apply to just about any industry or idea. If you are an entrepreneur or salesperson you need this book.Being able to read Daymonds narrative of success and mindset allows you to see where the power of broke come into play.What this book starts out with is the idea that there is an education you can get from a school and read about and then there is an education you can get from doing something. This also translates to without some sort of risk there really isn’t a reward.Here are the most common themes in the book – by the way these are just the tip of the iceberg:1. You have to come up with something when you have no money and this forces an authentic creativity. There are things you learn from hustling and grinding you cant learn from a book, there is long term power in this knowledge.2. Learn the core concepts of business and sales as they never change but be willing to try new approaches and use the core knowledge as your base of knowledge.3. Understand power and where it comes from meaning how do you get attention and then use it for your product or service. Those who have the attention have the most power.4. Being hungry keeps you focused, it’s easy to lose focus on what is important and chase other ideas or get pulled away from the core concept or idea. Some people or businesses try to do too much too soon and lose sight of what they started out as.5. There is invaluable valuable knowledge to be learned in the struggle. The struggle of being broke helps shape ideas for the future and for the good of the product or the service being offered. Easy money may be easy to squander.6. Understand the power of proof for the buyer. Social proof is huge and understanding what people want is important. Sometimes you have to come up with a more original idea to make it happen.7. Sometimes you have to do the things you don’t want to do but need to do in order to find the success in the middle of the chaos.8. Most people will never take the steps necessary out of fear of what others may think.9. Most people fear adversity when it is exactly what they need to find the hunger or the reason why to move on.10. Think about the assets you already have and how they can be used for the product or service.11. Be willing to trade and help others out, they may need to be there for you at some other time. This means make sure to build a network of people for a future infrastructure.12. Learn the power of making a deal and living up to it.This book goes through and gives examples of successful people and how they used adversity and being broke to their advantage. The cool thing about this section is this isn’t the typical group you read about or hear from in the business world for the most part. There are examples from different industries and services.Here is a short list of the people used:• Steve Aoki – Electro Dj / Record Label owner• Acacia Brinley – Social media superstar• Rob Dyrdek – Professional Skater – Clothing line owner• Jay Abraham – Marketing and business superstar• Ryan Deiss – Internet and marketing superstar• Mark Burnett – Creator of Shark Tank and other seriesThis book has amazing content that can be applied in any circumstance, your true power is coming up with an idea, finding out how to make an attempt while looking for the big lesson in the success or failure and then trying again.
Every morning before I start work I read. Sometimes I read for 10 minutes, sometimes for an hour. This book has provided me with some incredibly valuable tips about running my own show, and making good business decisions. You know that over-used quote from Jim Rohn, that you're the average of the five people you spend the most time with? Reading Daymond John's book I felt I was there with him as he shared his own story and stories of others he's helped. I read books that help me with my mindset. So this is one I'll return to for a tune-up.
I've been on a little binge lately with reading books written by the investors of The Shark Tank. I started with a couple of Mark Cuban books and I recently finished up this one by Daymond John.The Power of Broke is about mindset. Daymond describes it as "substance over flash, creativity over certainty, and taking a chance over playing it safe." He says that no matter how much money you have, that it will never be enough to buy the passion, ingenuity, and determination it takes to have success over the long haul.Daymond tells us his rags to riches story about growing up poor in Hollis, Queens with his mother who worked three jobs to support them. She taught him valuable lessons in his early childhood and she was a great role model providing the necessary discipline to keep Daymond out of trouble that was so easily accessible in his neighborhood.After we learn of John's story, we hear other success stories that incorporate the Power of Broke theme. There are several familiar names in the fourteen different stories such as Rob Dyrdek, Tim Ferris, Ryan Deiss, and Mark Burnett.There was a lot I could relate to in this book with regards to having some tough times; however, I did not grow up poor. We certainly weren't wealthy, but my parents lived within their means and sacrificed having material items to send my brother and I to private school. My tougher times actually came later and were of my own doing. Still, I relate because Daymond talks about how being broke gives you an appreciation for when you do find some success.The book was published in 2016 and has a 4.5 rating on Amazon after 357 reviews. Goodreads lists a 4.05 rating after 625 ratings and 105 reviews.I find value in every single book I read and there was certainly good value in this one. It's definitely worth picking up for some great tips and some inspiring real-life stories of how hard work, persistence, and creativity can put you on the road to success.
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