Writer and businessman Michael L.F. Slavin’s book One Million in the Bank, slated for release in the first quarter of 2014, takes the collective experience of his years as a West Point graduate, U.S. Army officer, employee at various businesses, independent businessman and self-made millionaire and turns them into a guide for others to follow in pursuing their dreams of independent business ownership and successful individuals.
1) What kind of business ownership strategies lead to having One Million in the Bank?
You can’t go wrong with a business model that has already proven itself to be successful. In One Million in the Bank , author Michael L. F. Slavin covers four types of business ownership: a new and original business idea, which are extremely frustrating and rarely successful; buying a business, which can be difficult to succeed in if you are not aware of the market and what its problems can entail; joining a team or coming on board as a partner to add value, but these situations can be difficult to find and relies on someone else’s success as well; and copying an already successful business model.
Mr. Slavin also discusses validated learning in depth, dealing with how logical analysis of business innovation helps create improvement from within the business itself. By starting a business as inexpensively as possible, developing a product and getting it into the market for feedback, the entrepreneur can quickly develop a product with features popular in the market or other products to go along with it. Compared to normal product development curves, the lean startup formula produces far more successes than traditional business models. Read his book to learn more about making your life a success story!
2) How does one come up with business ideas?
In One Million in the Bank, author Michael L. F. Slavin discusses how to develop and explore new business ideas through extensive thought, planning on paper, gathering opinions, and learning how to start a business on a lean budget through careful saving and spending habits.
Additionally, Mr. Slavin addresses a common problem with business failures; lack of action. Many businesses start with plans to make money but fail to address necessary habit shifts and discipline into action rather than waiting for success to happen. After being offered an exceptional offer to lure him out of the military, Mr. Slavin found that his employer could not meet his commitments, leading to seven years’ of floating. After taking control of his own destiny, Mr. Slavin is now imparting that knowledge to the world. This book helps you take control of your destiny – order it today and build a successful tomorrow!
One Million in the Bank is due to be released the 1st Quarter of 2014.