Every year more
than half a million people start a new business. And sometimes it seems like
an equal number of people write books describing how to do it. Unfortunately, most of these
books are colorless compendiums of rules, checklists, and
hard-to-follow advice.
Few help the novice entrepreneur understand what the startup
experience is like or how to put the information to work. An Interpreneur’s Journey by
Tom Eckmann (Absolute Business Press) offers a refreshing
alternative to these “user-unfriendly” guides.
This book
introduces the startup process through the eyes of a first-time
entrepreneur and describes what he goes through each step of the
way—the doubts and uncertainties, the family and financial
pressures, and the problems that even experienced entrepreneurs run
into. The book is
further distinguished by its focus on Internet entrepreneurs—Interpreneurs—who
the author defines as “everyday people who use the Internet to start
new ventures and change the way America does
business.”
The main
character, Bill Partridge, is laid off from a job he’s had for 14
years. He knows little
about starting or running a business, but when he finds few job
opportunities, he decides to take a chance. He starts a contracting
company selling and installing in-floor radiant heating
systems. He’s a smart
guy and does the right things, but despite his best efforts, profits
elude him. He’s almost
out of money and ready to hang it up when he makes an important
discovery—he can sell his systems on the Internet and reach a much
bigger market. He
re-invents his business and finds success selling kits to people all
over the country.
An Interpreneur’s Journey is very readable and the characters
believable. Dialog and
illustrations are used to introduce important business concepts,
making them interesting and easier to understand. For example, readers learn
about business financial statements in a lively exchange between
Bill and his accountant; while this topic is among the most boring
on earth, the format adds life and clarity to the explanation. Wisely, the author has moved
some of the more complex discussions to the book’s website; by doing
so he’s avoided bogging down the storyline while still making the
material available to those who are interested. Overall, readers will find
themselves drawn into the story and rooting for Bill to
succeed.
At the end of
each chapter is a startup guide which summarizes the key steps
involved in starting a business. What makes this guide
particularly useful is that it doesn’t deal with mundane startup
issues such as getting a business license; instead it deals with
more strategic issues such as how to define a target market. There are also many
references to the book’s website which contains additional tips,
planning tools and other information for first-time Interpreneurs.
The author, Tom
Eckmann, is a seasoned entrepreneur who is well versed in both new
and old economy businesses.
He has started and sold several successful companies and
helped dozens of other entrepreneurs start and grow theirs. In this book he provides a
first-hand look at the startup experience and describes many lessons
he’s learned.
An
Interpreneur’s Journey
is a unique addition to the genre of business startup books. It follows in the tradition
of The E-Myth by Michael
Gerber, The Goal by
Eliyahu Goldratt, and a handful of other books that have
successfully used fiction to communicate complex business
ideas. The book is
particularly timely because it speaks to the rapidly growing number
of people who have been outsourced, off-shored or otherwise
victimized by our “jobless recovery.” Many of them are seeking
refuge from unemployment by starting their own business. This book offers useful
insights and points them in the right direction.