Beer School

Beer School

In this book summary, I will be pointing out areas in the chapters that stuck out to me and giving my opinion on them. When I first started reading this book, I did not know why you would have us read a book about beer. Then I thought to myself, well this is an entrepreneurship class and you did just start Cleveland Whisky. In the first chapter titled: Steve Tells how choosing a partner is like a second marriage, there are a bunch of different paragraphs that explain his start in the business and his first career as a journalist but one in particular jumped out at me. An idea became a reality, in a lump sum Steve shook hands with Tom and agreed how their business would be handled with a limited partnership. When I was reading this, I could already tell that only a handshake was a bad idea, personally I would think that between friends, it would be good enough but what I have learned in college and through my business you need everything in writing. I laughed my ass off when he compared it to a prenuptial agreement because that is exactly what it is.

The second chapter: Steve discusses the importance of building a solid team; the first few sentenced caught my eye. He talks about how starting a business is an exhilarating, heady experience, how it is an American dream because we are a freedom, free enterprise driven country. Whenever I hear these things, it gets me very excited because I am one of these people and feel very strongly about being an entrepreneur. Then he says that 8 out of 10 businesses fail in the first year. I have defiantly heard this statistic before and never understood it until this year. I just filled and was accepted for my S-Corporation business this year and never really understood how much behind the scenes work the owner actually does. It really sucks that the government takes so much of the money we make. This is kind of off topic but I have seen a flag for years and never understood what is was but I...