Reviews

Reviewed by Jamie Michele for Readers’ Favorite

The Entrepreneurial Mindset by Thom Stimpel is a non-fiction guide for those who are about to embark on the journey of owning their own business. Stimpel zeroes in with a focus on the difficulty that not just some but most entrepreneurs have. The pitfalls and wrong turns are profound and so very common, highlighted by Stimpel with statistics, anecdotes, and real-life stories that show both the good, the bad, and the ugly. Over the course of six comprehensive chapters that have been written for reading in order, Stimpel covers a multitude of topics that include research and foundational responsibilities, all of the financial aspects, and implementing and moving forward for a successful run, among many other things.

The first thing that struck me as I read The Entrepreneurial Mindset is that Thom Stimpel has a commanding voice. This is not to be confused with a carnival barker or a late-night TV infomercial host, but as a fantastically knowledgeable friend who is willing to talk you through each stage of development over a cup of coffee. He doesn’t beat around the bush and doesn’t sugar coat. He is clear and encouraging, but also firm and sensible. The most interesting to me was the in-depth description of the different types of ownership and how important it is to select the right one. I had no idea how many variants of a legal entity there are and how choosing the wrong one could be a recipe for absolute disaster. This is not a long book but it does have a great deal of information and should be considered required reading for anyone thinking of taking the leap to business ownership or who already are and feel like they’re not where they should be or are even sinking under the whole experience.

Reviewed by Mamta Madhavan for Readers’ Favorite

The Entrepreneurial Mindset by Thom Stimpel is an insightful and thought-provoking book that provides some hard evidence as to why only a few entrepreneurs succeed and gives a different perspective on succeeding as an entrepreneur. The book is a good guide for those readers who are considering buying or starting their first business to decide whether they can do business. The author shares good strategies and techniques that will help improve opportunities to become a successful business owner. He also gives a wise business approach so that those who are going to start new endeavors will know to treat them. There are stories and real examples shared that will help and guide readers planning to start their business to have a good launch.

The Entrepreneurial Mindset is a good manual for readers who want to monetize their hobby into a business, or start a business after years of corporate experience, or start a business because they have a great idea. The topic has been dealt with methodically and extensively, making it easy for readers to comprehend the author’s information. There are no false hopes given by saying ‘anyone can become an entrepreneur’ since the book also points out how many entrepreneurs lack the appropriate attitude, aptitude, skills, knowledge, patience, support, resources, and direction to successfully run a business. Thom Stimpel will help many readers understand doing business with the details in the book and will also help those who are in trouble with their business with advice on which areas to focus on to pull their business straight.