Book Review: Get the Loot and Run

Entrepreneurs seek to change the game of the market environment and are willing to take big risks and small business seek to provide products and services now...

 

In economic development we understand the importance of small businesses and entrepreneurs to our local and regional economies. We therefore have multiple programs and services intended to assist them.

As a person who helps communities and regions integrate entrepreneurship and small businesses development into economic strategies, I was captivated by this book’s notion of:

  1. Entrepreneurs and small businesses are different
    Even within their respective categories, the needs for support including funding are diverse. Entrepreneurs seek to change the game of the market environment and are willing to take big risks and small business seek to provide products and services now, efficiently, and profitably within the current market environment.
  2. Financing and capital cannot be considered in isolation
    They are often the primary focus of the entrepreneur, business, or service provider, who sometimes look for the quick path. Success requires a holistic approach that integrates financing strategies with your business model. As Anthony states, “when you fix your business model you fix your capital issues because the two are interwoven.”

In Get the Loot and Run Anthony Price provides a framework for understanding diverse needs of small businesses and entrepreneurs and practical strategies for supporting start-up, growth, and financial sustainability. It covers the initial concept stage, to development of businesses model, to financing, and beyond.

Whether you are an entrepreneur or small business person seeking to grow and sustain a business or whether you are an economic developer seeking to better understand and serve them, this book provides practical advice. I love the way it flows and is accessible by breaking up topics into short segments that end in a key “takeaway”. This allows you to jump in at any point in the book and for the book to serve as a go to resource over time, or as Anthony indicates, “your Swiss army knife to get to the truth.” As someone who has built a business and works in economic development, I will continue to keep this resource handy.

For more insights into Get the Loot and Run, please read Anthony Price's article on Funding Local Businesses

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