I like learning from other entrepreneurs’ mistakes. Saves me the trouble of doing so myself. That’s why I enjoyed reading Ryan Blair’s book, Nothing to Lose, Everything to Gain: How I Went From Gang Member to Multimillionaire Entrepreneur (the title’s enough to pull you in, right?)
Blair talks about his time as a thug kid who spent more than a few nights in jail, and how his life was turned around thanks to key mentors who cared about his success. His story’s your typical “pulled-myself-up-by-my-bootstraps,” with an extra dash of bad boy.
Blair covers the gamut of advice for wannabe millionaire entrepreneurs, from finding mentors to raising money. The first chapters tell his story, then he offers chapters with advice based on his own experiences. I take issue with his chapter, “Pros and Cons of a Home Based Business,” because he defines home based businesses as network marketing businesses (multi-level marketing). As you and I certainly know, there’s a much wider range of businesses based out of homes (my own included) that have nothing to do with MLM.
I like Blair’s point that there are specific drivers for people becoming entrepreneurs:
- Fame & recognition
In thinking about it, I’d have to say that Independence is my top driver. What’s yours?
If you’re looking for an entertaining read from a guy who appears to at least appreciate all he’s achieved and the folks who helped get him there, pick up a copy of Nothing to Lose.