'The $100 Startup' Summary of the book
The $100 Startup is Chris Guillebeau’s second book and it’s very likely to be the only book you need to start your own business. It is the result of identifying 1,500 people who’ve made $50,000 or more with very modest investments (often less than $100), and Chris’s subsequent focus on the 50 most interesting cases.
Based on his case study, Chris pulled out a step-by-step framework you can use to find where your passion meets your skills and turn those into an income from your couch. Using nothing but a laptop and some wifi in most cases, you can build a thriving software, freelance or education business and scale it as far as you want.
Here are 3 crucial lessons from the book to get you started:
Passion is only 1/3 of the equation, you also need skills and customers.
If you want your passion to be more than a hobby, focus on income and costs.
Keep your plans simple, because action beats them every time. Got your $100 ready? Good, let’s start a business!