One Thousand Ways to Make $1000 (Practical Suggestions, Based on Actual Experience, for Starting a Business of Your Own and Making Money in Your Spare Time) Review
Posted by
Michelle McGhee
on 4/17/2012
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Average Reviews:
(More customer reviews)I got this book after I read about it in a Vanity Fair profile of Warren Buffet. It details how many people made a thousand dollars in the 1920s and 30's (about 40-50ks in today's purchasing power). Back then, you could do things like buy a potato chip making machine, bag them in your basement, and sell them to restaurants.
Today, of course, you are expected to file for an LLC (perhaps with a DBA), apply for food handling permits, get WC insurance, get tax ID numbers for federal and state taxes, get a liability bond, withold taxes for any employees, etcetera, all before you can sell your first potato chip. Madness! This is why we were a powerhouse then, and why we are doomed now.
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First published in 1936, One Thousand Ways to Make$1000 is the long out-of-print book that Warren Buffett'sbiographers credit with shaping the legendaryinvestor's business acumen and giving him his trademarkappreciation of compound interest. After pulling a copy of OneThousand Ways off a library shelf at age eleven and devouringF.C. Minaker's plucky and practical business advice, Buffettdeclared that he would be a millionaire by the time he was 35.Written in the immediate, conversational style of Dale Carnegie'sHow to Win Friends and Influence People, this book is fullof inventive ideas on how to make money through excellentsalesmanship, hard work, and resourcefulness. While some ofthe ideas may seem quaint today-goat dairying, manufacturingmotor-driven chairs, and renting out billiard tables to localestablishments are among the money-making ideas presented-the underlying fundamentals of business explained in thesepages remain as solid as they were over seventy years ago.Covering a wide spectrum of topics including investing, marketing,merchandising, sales, customer relations, and raisingmoney for charity, One Thousand Ways to Make $1000 is botha durable, classic business book and a fascinating portrait ofdetermined entrepreneurship in Depression-era America.Every effort has been made to reproduce the content exactly asit was originally presented.
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