The Book that Made Me a Millionaire

This is one of the best books I've ever read about running a small business, so in this video I'm sharing my favourite lessons from it. Enjoy! xx

🔗 OTHER LINKS MENTIONED IN THIS VIDEO

WHO AM I?
If we haven’t met before - Hey 👋 I’m Ali, a doctor-turned-entrepreneur and I’ve somehow become the world’s most followed productivity expert. Through my videos here on this channel, my podcast and my writing, I share evidence-based strategies and tools to help you be more productive and build a life you love.

⌚️Timestamps:
0:00 - Introduction
1:03 - The Story of Sarah
4:37 - The Triple Threat
10:17 - The Infancy Trap
15:10 - The Systems Strategy

[CosmicVodka]

Small business owner from Sweden here. Been following you since before my business, really like these book clubs. I like these things with systems and of i implement it in my business it Will help alot. I have problem with fitting all i have to do in my week. Warm outreach, content, improving content, collage, life etc. Keep up the Good work man!

[AnnabelOla]

People have made me feel like I’m crazy for not just being the technician (pastry chef) but I’ve always wanted to work on the business and grow it (more of a visionary). So this book and your video really helped me know I’m not crazy! My business is a luxury African fusion patisserie and my biggest struggle is funding to get the MVP finished and ready to take to the next step.

[ownthegame]

it is a 2004 book; 1st published in 1995
always thought tt it may have lost its relevance but wow, did not know it is still so relevant!
many thanks for the summary!

[Elizabeth-jkyj]

the problem ive had with my businesses is finding a person who shares my vision and sees what I see. lets say I have a clothing business, I want someone who can run it for even a few days in my business. great video Ali, thank you.

[JordanAbelMusic]

I am starting a time-management and goal setting coaching service and am currently in the planning stage. I am a music teacher teaching guitar, bass, ukulele, and drums, and I want to expand and do more. I teach a range of students from primary/high school kids to business owners and CEOs, and I realised I have a passion for helping people achieve their goals and manage their time. After watching your videos for the last year now, I have learnt so much and am very excited to start this next chapter of life! Also, my partner got me Feel Good Productivity for my birthday last weekend! I listened to the audiobook earlier this year, and I have been really enjoying reading it again in physical form!

[gabrielpastran]

Hi Ali. Great Video!! The business question’s answer on my single biggest struggle: (assuming all else is set): Cash flow management & formulas to see quickly how business is going. The other one that directly connects with this is living below your means. These two-three things combine into one: my single biggest struggle focusing on cash flow management with quick formulas while living below means. I would love to see business videos. I think there is a super high demand for it right now. Blessings

[luciaret]

Single biggest struggle? Keep myself accountable, keep showing up no matter how low I feel. I'm a visual artist and I'm interested in applying this techniques to the "growing on the art bussiness" field, not just selling but also been part of this bigger thing, the Art World and I want to see how can I apply your principles. Thanks Ali

[monahimani]

I finished reading E-myth yesterday and your video popped up! I started my immigration law firm 11 yrs ago - I am a solo attorney with a team of 4 located in US, Argentina, Bahrain, and India.

The E-myth has unlocked a passion I didnt know I had. I wake up excited to work on the business. My clients are global and so is my team.

Later this month, I plan to take a 3 day solo retreat to codify the SOP, from onboarding, opening cases, intakes and several other processes.

What are some basics of an SOP? Should SOP be in writing, video or image form? What tools arw available to help create SOP in a way that is easy to follow?

Looking forward to your offerings in this space!

[auroralee_co]

Love this video, Ali! I've heard about this book so many times but haven't read it myself. I need to get my hands on the book and actually read it. To answer your question, though, the biggest struggle is mindset. I think I'm too close to the business, and I feel like everything that happens or doesn't happen to the business is a reflection of me as a person. So, learning to separate 'me' from 'the business' has been at the top of my mind and is a moment-to-moment practice.

[LinguisticDiscovery]

I’m a purely educational content creator, so it’s always a bit difficult to adapt business advice to my content creation business. I’d love to see more advice focused specifically at educational creators!

[olga]

I hate to suggest it because my favorite type of videos are book reviews/main takeaways… but researching tools is what takes up so much of my time (and making those purchasing decisions)😭 content creation tools, automation services, point of sale, cameras, mics, laptops, tablets, design tools … there are so many decisions to make 😅

[BeyondtheBreed]

Super interesting video, thank you Ali. My new business is very niche and so I’m not sure how I can incorporate a “system”, but this has given me a few things to think about - particularly my frustration with trying to get to grips with Kajabi and filming videos, when I feel my time would be better spent on writing my next book to build on what dog professionals and guardians gleaned from my first book 3 years ago. Thanks again 😊

[rike]

I'm not an entrepeneur and still your business yt videos teach me so much. I'm a student studying biology and I'm always looking for tips to manage my life beyond time Management tips. I believe there's an easier way. The video resonated with me because i was experimenting with protocols in my life (like SOPs ) and surprisingly I found myself to manage a lot more life areas like uni, friends and fam, travel, a few hobbies and health and still find myself lying in bed watching yt without feeling guilty. So thanks for the new perspective!

[drsilvakidsgrow]

I'm a Pediatrician entrepreneur. Starting an online presence. I like the business aspect of this video. Starting a small business. We have our own practice. Now, I'm benching out bc I want to help more people. So yes, please more business videos like this one for the small business owner, entrepreneur & newbie online. Thanks!

[halameshmosh]

You leave us with no questions after I have been following you for one year you always give me answers before even i wonder ❤

[MillerDesign]

Another great video! My largest struggle would be transitioning from a technician and niching down. I currently do design, video and photo and am pretty evenly dispersed between the three. These all require my time but I know I'm capped at how much I can do. The obvious next step would be hiring but in the past this has been more work than it has been helpful. I would like to create something that uses these skills in some fashion but does not monopolize my time.

[DeeplyRootedGarden]

Just reading the book now, started my YouTube channel seven mouths ago and been listening and watching your content for the past year. Such perfect timing. Thank you for the video.

[Micahangelina_]

Great video. My main struggle in starting a business is finding clients, but I think you’ve touched on this. I think it’d be helpful to learn about some of the stories from your team members on how to be successful in a supporting role (eg, not the face of the business.) Thanks to the whole team for the good work you’re doing!!

[sc]

One of the things I enjoy most about you is your ability to take a topic that many of us struggle with - and being a solo-preneur is very emotional and solitary territory for many of us - and bringing clarity, insights, and logic to it. I often come away feeling like "why didn't I understand this before, on my own?" But often the passion for what we do as creatives blinds us to the areas where we have weaknesses and we just hope we will grow into those and get better in those areas by the act of doing. As you (and the E-myth book) point out, it's rarely the case. Thank you, Ali, for making sense of it all for us - as only you can. That's a gift.

[lucasshaka]

Hi Ali. First I just wanted to say thank you! I have learned so much from you. You are a true hero! I am a small business owner (hairdresser). My problem is stability. My brand grew a lot over the last year and keeps on growing. Most months I am quite happy with the money I make and it is enough to pay all my expenses and reinvest into the brand. However, there are always quiet times which give me time to work on the brand and advertise. However, these times can be quite challenging as at the back of my mind I will be worried about paying my bills etc.