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Boss It

Control Your Time, Your Income and Your Life

3.2 (52 ratings)
23 minutes read | Text | 9 key ideas
Craving the thrill of autonomy and the allure of entrepreneurship? Carl Reader’s "Boss It" serves as your dynamic blueprint to transform those aspirations into tangible success. This isn't just another business manual; it's a vibrant, hands-on manifesto for dreamers ready to leap into the realm of self-made success. With Reader’s seasoned insights, you'll navigate the complexities of entrepreneurship, shedding the weight of traditional work constraints. Packed with real-life case studies and actionable exercises, this guide empowers you to craft a business that mirrors your vision. It's time to seize your future, redefine your work-life balance, and embrace the exhilarating journey of being your own boss.

Categories

Business, Leadership, Management, Entrepreneurship

Content Type

Book

Binding

Hardcover

Year

2020

Publisher

Kogan Page

Language

English

ISBN13

9781789666434

File Download

PDF | EPUB

Boss It Plot Summary

Introduction

Are you working harder than ever but feel like you're getting nowhere? You're not alone. Millions of people find themselves trapped in the hamster wheel of employment, trading their precious time for a paycheck that barely covers their needs. Meanwhile, they watch others seemingly control their schedules, enjoy financial freedom, and live life on their own terms. The truth is that becoming your own boss isn't as complicated as many would have you believe. While starting and growing a business certainly requires dedication, the principles behind successful entrepreneurship are surprisingly straightforward. The real barriers aren't external factors like funding or market conditions—they're internal limitations: self-doubt, fear, and misconceptions about what it takes to build a sustainable business. This guide will shatter those barriers by providing you with a clear roadmap to taking control of your time, your income, and ultimately, your life.

Chapter 1: Dream Big: Define Your Personal Success Vision

Success means different things to different people. For some, it's the freedom to work fewer hours while maintaining their income. For others, it's building a global business empire. The key is identifying what success truly means to you, rather than chasing someone else's definition. Carl Reader emphasizes that most entrepreneurs don't dream big enough. They start with preconceived limitations, believing they won't find enough customers or that their product can only be made in traditional ways. These limitations permeate through their vision, plans, and actions, ultimately trapping them in a rat race of their own making. The irony is that many entrepreneurs get exactly what they envisioned—just a bit less impressive than they hoped. Their sales projections are close, just with fewer customers. They're doing what they thought they would, just with less efficiency. Take Tesla as an example. Their mission statement is simple yet ambitious: "to accelerate the world's transition to sustainable energy." This vision isn't limited by current technology or market conditions. It allows for continuous growth and evolution, from electric vehicles to solar roofs and massive battery factories. The clarity and scope of this vision drive everything Tesla does. To create your own powerful vision, you need to remove all preconceived limitations of technology, time, and money. Ask yourself what you would do if money was no object and you had the finest talent at your disposal. Your dream might be as simple as earning $50,000 instead of $30,000 while spending four days a week on a golf course, or it might be building a multi-million-dollar corporation based on innovative systems. The process starts with understanding your own values and what truly motivates you. Society often conditions entrepreneurs to believe they must strive for material symbols of success like luxury cars. But if your goals aren't aligned with your personal values, you'll either fail to achieve them or feel empty when you do. Take time to reflect on what drives you and what impact you want to make. When crafting your vision, ensure it meets three criteria: it must be big enough to keep you motivated, relevant to both your definition of success and personal values, and easily understood by team members, customers, and others. Remember, your vision isn't just about what you want to achieve—it's about who you want to become and the difference you want to make.

Chapter 2: Plan Smart: Create Your Business Blueprint

A plan without action is merely a dream, but action without a plan is a nightmare. Creating a solid business blueprint is the critical bridge between your vision and reality, yet many entrepreneurs either over-plan without taking action or leap into action with no structure at all. Consider the experience of "Super Administration Services," a business owner who had worked in administration their entire career and decided to start helping small businesses access skills they couldn't afford in-house. Instead of immediately quitting their job and hoping for the best, they created a staged roadmap: first building client systems, then developing marketing materials, starting with initial customers, raising funds to go full-time, and finally expanding services. This methodical approach allowed them to test their concept while minimizing risk. What makes a strong plan? Contrary to popular belief, it's not just about impressive financial projections. Traditional business plans often focus on the "why" and "what" but neglect the crucial "how." A robust plan must detail specific actions to move from point A to point B, including contingency plans. Think of it as building a roadmap with clearly marked detours in case of unexpected obstacles. The planning process should begin with words first, numbers second. Start by articulating your business concept, background, team composition, and detailed description of what you'll offer. Then conduct thorough market research and competitor analysis. Many entrepreneurs underestimate competitors or dismiss their strengths due to personal bias. A restaurant owner might look down on McDonald's hamburger quality without appreciating the sophisticated systems that allow consistent delivery worldwide. Next, perform a SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) and a PESTLE analysis (Political, Economic, Social, Technological, Legal, Environmental factors). These frameworks force you to consider both internal capabilities and external influences, creating a more comprehensive view of your business landscape. Finally, create a detailed roadmap with specific milestones. Your roadmap should encompass everything needed to take your business from concept to reality, with more detailed actions for immediate steps and broader strokes for later stages. Remember that the greatest value comes not from the document itself but from the thinking process it requires. Going through these steps forces you to critically evaluate your idea against market demands and competitive realities. The most common planning mistake? Creating impressive documents that gather dust. Your plan should be a living document that evolves as your business grows and market conditions change. Review and revise it regularly, especially after significant achievements or setbacks.

Chapter 3: Take Action: Convert Plans into Reality

The gap between planning and execution is where most business dreams die. No matter how brilliant your idea or how detailed your business plan, nothing happens until you take decisive action. Carl Reader observes that many entrepreneurs fall into the trap of "creative avoidance"—doing anything but the important stuff. Consider Sarah, who left her corporate job to start a boutique marketing agency. She spent months perfecting her business plan, designing a logo, building a website, and setting up social media accounts. Yet six months in, she still hadn't made a single sales call. While all those tasks seemed productive, they were actually comfortable distractions from the uncomfortable work of approaching potential clients. Only when Sarah committed to making five sales calls daily did her business begin to gain traction. The transition from planning to doing requires psychological preparation. Many entrepreneurs hesitate because they're motivated by the "stick" rather than the "carrot"—they respond better to avoiding negative consequences than pursuing positive outcomes. Understanding your own motivation style is crucial. If you're motivated by external validation, consider making your goals public to create accountability. If you're motivated by avoiding pain, create consequences for inaction. Execution begins with prioritization. Not all tasks are created equal. In the early stages, focus relentlessly on activities that directly generate revenue or build essential infrastructure. This means picking up the phone to call potential customers rather than perfecting your filing system, or meeting with prospects instead of reorganizing your office. Ask yourself: "Will this activity directly lead to a sale or enable me to serve customers better?" If not, it can probably wait. Start with small, manageable actions. Break your plan down into daily tasks and commit to completing them regardless of how you feel. The momentum created by consistent small wins builds confidence and propels you forward. Track your progress meticulously, celebrating successes and analyzing setbacks to improve your approach. Remember that imperfect action trumps perfect inaction. Many entrepreneurs delay launching until everything is "just right"—a mistake that costs valuable market feedback. Instead, embrace the concept of the Minimum Viable Product (MVP)—the simplest version of your offering that solves the customer's problem. Launch it, gather feedback, and improve iteratively. Lastly, prepare mentally for setbacks. As Reader warns, "Things won't go to plan." Expect obstacles and view them as learning opportunities rather than failures. When you hit roadblocks, revisit your vision to reconnect with your purpose, adjust your plan based on new information, and resume action with renewed clarity.

Chapter 4: Build Systems: Design Processes That Scale

Creating effective systems and processes is the key difference between being self-employed and owning a scalable business. Without them, you'll find yourself juggling more balls than humanly possible as your business grows, inevitably dropping the most important ones. Take the case of Maria, a talented freelance graphic designer who quickly gained more clients than she could handle. Despite working 80-hour weeks, she was missing deadlines, forgetting to follow up with prospects, and making costly billing errors. When a major client canceled due to these issues, Maria realized she needed more than talent—she needed systems. By documenting her creative process, creating templates for common requests, implementing project management software, and establishing clear communication protocols, she transformed her chaotic freelance practice into a structured design studio capable of handling triple the workload. Systems create predictability and consistency that customers value, while freeing you from constant firefighting. They fall into five essential categories: lead generation (marketing), lead conversion (sales), operations (doing the work), human resources (managing staff), and financials (managing money). For each area, identify the desired outcome and establish key performance indicators (KPIs) to measure success. The next step is creating processes—sequences of tasks that enable defined outcomes. Effective processes share four characteristics: they directly impact important KPIs (effectiveness), have no superfluous steps (efficiency), cover likely "what if" scenarios (completeness), and are easily understood by anyone following them (clarity). Document these processes as either checklists or flowcharts, starting with simple "version 1" documentation that can be improved over time. Consider this example from Reader's experience: when developing a customer support process, he included steps like acknowledging receipt of support requests personally, logging details in the CRM system, checking for templated responses, keeping customers informed of delays, providing contact details with responses, following up after 24 hours, and documenting solutions for future reference. This systematic approach ensured consistent service regardless of which team member handled the request. As your business grows, compile these processes into an operations manual—the "bible" of your business. Rather than a static document gathering dust, modern operations manuals are dynamic online resources like wikis or intranets that evolve with your business. They enable new employees to quickly understand how things work and maintain standards as you scale. Remember that systems aren't just about efficiency—they're about creating freedom. By systematizing routine aspects of your business, you create space for creativity, growth, and work-life balance. The goal isn't to become a slave to systems but to have systems working for you, handling predictable situations so you can focus on exceptional ones.

Chapter 5: Find Customers: Market Your Business Effectively

Finding customers is the lifeblood of any business, yet many entrepreneurs fall into the trap of "aggressively waiting for the phone to ring." They believe a great product will naturally attract customers, when in reality, effective marketing requires strategic planning and consistent execution. Consider the case of James, a talented mobile app developer who launched a productivity app but saw minimal downloads despite positive reviews. His mistake? Assuming technical excellence would automatically translate to market success. When James shifted his approach—studying his ideal customers, crafting messaging that addressed their specific pain points, and strategically promoting his app where these customers gathered online—downloads increased tenfold within three months. The foundation of effective marketing is understanding exactly who your ideal customer is. This goes beyond basic demographics to uncover their goals, values, and behaviors. Reader suggests asking detailed questions: "What kind of car do they drive? Do they prioritize health, family, or career? What websites do they visit frequently?" This deep understanding allows you to craft messaging that resonates on a personal level and identify the most effective channels to reach them. With this customer avatar in mind, you can choose from various marketing activities, each with distinct advantages. Direct marketing methods like pay-per-click advertising, telemarketing, and email campaigns directly impact sales and can be fully tracked. Indirect marketing activities like logo design, brochures, and signage build credibility but don't necessarily lead directly to sales. The most effective marketing strategies balance both approaches. For digital marketing, remember that business is now H2H (human-to-human) rather than B2B or B2C. Authenticity and personality matter more than corporate polish. Build your social media presence where your customers are, listen before posting, and create content that fits each platform's unique culture. Consider supplementing organic efforts with paid social media campaigns, which allow precise targeting based on demographics and interests. Offline marketing remains powerful despite digital dominance. Networking, though polarizing for introverts, builds valuable connections when approached as relationship-building rather than selling. PR can generate credibility when you focus on newsworthy activities rather than self-promotion. Even "old school" methods like direct mail can be surprisingly effective when competitors have abandoned them for digital channels. To ensure marketing effectiveness, create a detailed plan tracking activity name, campaign theme, budgeted spend, actual spend, results, and return on investment for each initiative. This systematic approach prevents the common "scattershot" tendency of trying different tactics without monitoring results. Remember to account for all costs, including hidden expenses like design fees for printed materials or setup costs for exhibitions. Ultimately, marketing success comes from consistency, authenticity, and strategic focus. Rather than chasing every new marketing trend, identify the channels most likely to reach your ideal customers, create value-driven content that addresses their needs, and systematically track results to refine your approach.

Chapter 6: Scale Up: Grow Beyond Your Limitations

Scaling a business means transforming your self-employment into a system that works without your constant involvement. It's the difference between having a job with uncertain income and creating an asset that generates wealth while giving you freedom. Reader shares the case of his own accounting firm, d&t. When he realized the business couldn't grow beyond a certain point with him at the center of operations, he implemented a comprehensive scaling model addressing four critical areas: vision, growth strategy, funding, and leadership. This systematic approach transformed the business from one dependent on his daily involvement to one capable of operating successfully when he stepped back to a chairman role. The scaling process begins with a compelling vision that extends beyond yourself. This isn't just about bigger numbers—it's about creating something that matters to others. Ask yourself: "What difference do I want to make in the world? What size would I like the business to be? What is the end goal for me as the founder?" Your answers must be congruent with what truly drives you, not what you think others expect. Next, choose the right growth model for your business. Organic growth—expanding customer by customer—offers control but can be slow. Strategic alliances and partnerships create win-win arrangements with complementary businesses. Franchising allows rapid expansion by empowering others to operate under your brand using your systems. Acquisitions enable quick market entry but require substantial funding and cultural integration skills. Each approach has advantages and challenges that must align with your vision and capabilities. Funding your growth requires careful consideration. Debt financing (bank loans, equipment leasing) preserves ownership but requires predictable cash flow for repayments. Equity financing (venture capital, angel investors) provides capital without immediate repayment obligations but dilutes ownership and control. As Reader discovered through his own journey, equity investors typically look for businesses with global ambitions, scalable concepts, and large addressable markets. The staffing model is equally crucial. Begin by creating an "ideal" organization chart with comprehensive job descriptions, then work backward to identify current gaps. Remember that someone who excels at their job won't necessarily excel at managing others doing that job. Develop systems for recruitment, onboarding, and performance management that can function across multiple management tiers. Finally, intentionally design your company culture rather than letting it evolve haphazardly. Culture comprises shared identity (how the business looks and feels), shared values (behavioral standards), management style (how responsibility and authority are delegated), and decision-making processes (who makes which decisions and how). Reader shares how his firm identified four core values—Professional, Caring, Passionate, and Innovative—and integrated them into everything from recruitment to marketing. Scaling isn't right for every business or entrepreneur. It requires significant changes in how you work and lead. But for those willing to make the transition, it offers the ultimate entrepreneurial reward: a business that creates value even when you're not present.

Chapter 7: Lead Forward: Create a Culture of Success

Leadership separates truly scalable businesses from those forever dependent on their founders. Unlike other aspects of business that rely on external factors, leadership success depends entirely on your own performance and ability to inspire others. When Carl Reader transitioned from CEO to chairman of his accounting firm, he discovered the significant shift required. As he explains, "Making yourself redundant is far more difficult than it sounds! To be a truly effective CEO, you need to make decisions quickly, roll your sleeves up, and get on with it. To be an effective chair, you need to help facilitate your board, help them identify opportunities and weaknesses, and act as a sounding board rather than a solution." This transformation required him to "get over himself" and respect the decisions of his leadership team, even when they differed from his own instincts. Building an effective leadership model starts with culture. Reader emphasizes that "culture eats strategy for breakfast," but clarifies that the two must work together. A business with strong culture but no strategy will fall apart, while a business with strong strategy but poor culture will struggle to move forward efficiently. True culture goes beyond superficial elements like office décor or dress codes to encompass fundamental aspects of how your organization operates. The cultural foundation begins with shared identity—how your business looks and feels internally and externally. This identity must be authentic and consistent, emanating from leadership rather than imposed through branding alone. As Reader discovered when renovating his office with colorful décor and recreational amenities, physical changes don't automatically create cultural shifts. Instead, leaders must embody the identity they wish to create, as teams naturally mirror their behavior. Shared values provide the ethical framework guiding decision-making throughout the organization. When Reader's firm established their values (Professional, Caring, Passionate, and Innovative), they didn't simply post them on the wall. They integrated them into recruitment, performance reviews, innovation assessment, and marketing materials. This consistent application ensured the values became living principles rather than empty slogans. Your management style determines how responsibility and authority flow through the organization. Effective leaders establish clear expectations about time allocation, provide development opportunities, and equip managers with tools to track both team performance and individual growth. They create systems ensuring consistent management practices across multiple organizational tiers. Decision-making processes determine whether your organization can function without becoming bottlenecked at the top. Reader advises creating a culture where team members are empowered to make decisions within clear boundaries. This requires setting explicit expectations, providing coaching support during the transition, making the business a "safe space" for learning from mistakes, and resisting the urge to override decisions once delegated. Ultimately, effective leadership means finding the balance between providing direction and getting out of the way. As Reader learned, "You have to deliberately make yourself impotent insofar as how the business runs, so that the business can run." This means praising in public while addressing challenges in private, employing people better than yourself in their areas of expertise, maintaining a helicopter view of operations, and continuously asking how processes could be improved. The reward for this transformation is a business that carries your vision forward without requiring your daily presence—the ultimate expression of entrepreneurial success.

Summary

Throughout this journey, we've explored the fundamental principles of taking control of your professional and personal life through entrepreneurship. From defining your unique vision of success to creating systems that scale, the path to business ownership isn't about following someone else's formula—it's about building something authentic that reflects your values and aspirations. As Carl Reader emphasizes, "Everyone comes into self-employment with their own motivations and dreams," and success means different things to different people. The entrepreneurial path is indeed challenging. You'll work longer hours than you did for a boss, face moments of self-doubt, and navigate countless obstacles. But the freedom to define your own destiny makes it worthwhile. Whether you're just starting out or looking to scale an existing business, remember Reader's powerful insight: "If you dream it, make a plan, take action and keep reviewing progress—you can probably get there. BOSS IT!" Your journey begins with a single decisive step toward the business and life you truly want.

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Review Summary

Strengths: The book is described as a practical and motivational guide for aspiring entrepreneurs, offering clear steps and aligning with the ABC Growth System to encourage clarity, curiosity, and confident action. It is empowering and realistic, providing tools like journaling and apps for self-reflection, and recommending complementary reading such as "Start with Why" by Simon Sinek. Weaknesses: Not explicitly mentioned. Overall Sentiment: Enthusiastic Key Takeaway: "Boss It" by Carl Reader is a practical and motivational resource for those considering entrepreneurship, emphasizing the importance of understanding one's motivations and providing tools and strategies to help transition from the idea phase to building a sustainable business.

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Carl Reader

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Boss It

By Carl Reader

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