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Book Review: Nothing To Lose, Everything To Gain by Ryan Blair (Author) and Don Yaeger (Contributor)

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Nothing To Lose, Everything To Gain: How I Went From Gang Member To Multimillionaire Entrepreneur by Ryan Blair (Author) and Don Yaeger (Contributor) is a rare book which explains the nitty gritty details of building and running a successful business. The author explains success modeling rules that work. For instance, managers should always test assumptions and be certain that they know the customer thoroughly. A corollary is to get close to the customer and be careful in selecting new markets for your products.

There are certain “Golden Rules” for running a business according to the author. Here are a few of them:

Don’t be afraid of saying that you don’t know something.

Always praise people in public while reprimanding them in private.

Probe why you failed.

Understand that life itself tends be be theatrical so don’t take it too seriously.

Ryan explains that there are many things you should not do when running a successful business. For instance, don’t overinflate forecasts because unrealistic expectations could be very problematic. Another rule is to stay away from hiring people who agree with everything you do because every manager needs an independent verification on the wisdom of proceeding at critical junctures.

Successful managers don’t dwell on what others think. A related error is to focus too much on the competition at the expense of satisfying what your customers need and want. Above all, successful managers rarely attempt to do too much simultaneously because important details can be overlooked or discarded without enough rational analysis or consideration.

Nothing To Lose, Everything To Gain is packed with invaluable advice on just about every critical decision in the process of managing people and customers. The advice in this book is pivital for running every aspect of a successful business.

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About Dr Joseph S Maresca

I've taught approx. 34 sections of collegiate courses including computer applications, college algebra, collegiate statistics, law, accounting, finance and economics. The experience includes service as a Board Director on the CPA Journal and Editor of the CPA Candidates Inc. Newsletter. In college, I worked as a statistics lab assistant. Manhattan College awarded a BS in an allied area of operations research. The program included courses in calculus, ordinary differential equations, probability, statistical inference, linear algebra , the more advanced operations research, price analysis and econometrics. Membership in the Delta Mu Delta National Honor Society was granted together with the degree. My experience includes both private account and industry. In addition, I've worked extensively in the Examinations Division of the AICPA from time to time. Recently, I passed the Engineering in Training Exam which consisted of 9 hours of examination in chemistry, physics, calculus, differential equations, linear algebra, probability/ statistics, fluids, electronics, materials science/structure of matter, mechanics, statics, thermodynamics, computer science, dynamics and a host of minor subject areas like engineering economics. A very small percentage of engineers actually take and pass the EIT exam. The number has hovered at circa 5%. Several decades ago, I passed the CPA examination and obtained another license in Computer Information Systems Auditing. A CISA must have knowledge in the areas of data center review, systems applications, the operating system of the computer, disaster recovery, contingency planning, developmental systems, the standards which govern facility reviews and a host of other areas. An MBA in Accounting with an Advanced Professional Certificate in Computer Applications/ Information Systems , an Advanced Professional Certificate in Finance and an Advanced Professional Certificate in Organizational Design were earned at New York University-Graduate School of Business (Stern ). In December of 2005, an earned PhD in Accounting was granted by the Ross College. The program entrance requires a previous Masters Degree for admittance together with a host of other criteria. The REGISTRAR of Ross College contact is: Tel . US 202-318-4454 FAX [records for Dr. Joseph S. Maresca Box 646 Bronxville NY 10708-3602] The clinical experience included the teaching of approximately 34 sections of college accounting, economics, statistics, college algebra, law, thesis project coursework and the professional grading of approx. 50,000 CPA examination essays with the American Institute of Certified Public Accountants. Additionally, membership is held in the Sigma Beta Delta International Honor Society chartered in 1994. Significant writings include over 10 copyrights in the name of the author (Joseph S. Maresca) and a patent in the earthquake sciences.
  • Robyn

    Sounds like a great book. I love the story behind it…gang member to millionaire. Well done. I am reading a book that has impressed me as well. It is called, “Stop Playing Safe: Rethink Risk. Unlock the Power of Courage. Achieve Outstanding Success” by author Margie Warrell. Great tips like, ” Stop procrastinating to make the changes and take the chances you’ve always wanted in your work, career or life” and, “Find the confidence to ask for what you really want, and get the recognition you really deserve” are taught liberally through out the entire book.