Comments on: Book Review: “How To Get Rich” By Felix Dennis http://www.kenyanentrepreneur.com/book-review-how-to-get-rich-by-felix-dennis Hugh MacLeod: "In terms of becoming an entrepreneur, probably the most useful thing I learned in the last twenty years was how to enjoy my own company for long stretches of time". Fri, 19 Mar 2010 12:40:09 +0000 hourly 1 By: Anonymous http://www.kenyanentrepreneur.com/book-review-how-to-get-rich-by-felix-dennis#comment-105456 Anonymous Fri, 22 Jan 2010 13:21:06 +0000 http://www.kenyanentrepreneur.com/?p=1253#comment-105456 :o :lol: :grin: :cry: :arrow: :?: :arrow: :???: :?: :!: ;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :oops: :o :mrgreen: :lol: :idea: :grin:

:o :lol: :grin: :cry: :arrow: :?: :arrow: :???: :?: :!: ;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :oops: :o :mrgreen: :lol: :idea: :grin:

]]> By: kenyanentrepreneur http://www.kenyanentrepreneur.com/book-review-how-to-get-rich-by-felix-dennis#comment-104647 kenyanentrepreneur Fri, 17 Jul 2009 00:31:04 +0000 http://www.kenyanentrepreneur.com/?p=1253#comment-104647 Dennis, What business are you in?

Dennis,

What business are you in?

]]> By: Anonymous http://www.kenyanentrepreneur.com/book-review-how-to-get-rich-by-felix-dennis#comment-104643 Anonymous Thu, 16 Jul 2009 12:24:45 +0000 http://www.kenyanentrepreneur.com/?p=1253#comment-104643 KE; I have to buy this book. It sounds interesting and informative. Being an employed person,at 25, i have come to the realization that no one ever pays you enough to get rich thus i have decided to start my own business. All the same, i do think you are somewhat a devils advocate. I just discovered your blog recently and have gone through most of the topics. The capitalist-Vampire very interesting. The topic on Kencall so so sad(but i undersand things are not as bad as you have made them look). Indians are racists, period! But lets give them kudo's for being business gurus. I have never been able to fathom how they can be so clever and stupid at the same time? Annoying bunch, trust me, i studied in India. Woudl know better, and the idea for my business is being borrowed from there. Isn't life interesting? Can you also try to give constructive criticism in contrast to what you get posted?

KE;

I have to buy this book. It sounds interesting and informative. Being an employed person,at 25, i have come to the realization that no one ever pays you enough to get rich thus i have decided to start my own business.

All the same, i do think you are somewhat a devils advocate. I just discovered your blog recently and have gone through most of the topics. The capitalist-Vampire very interesting. The topic on Kencall so so sad(but i undersand things are not as bad as you have made them look).

Indians are racists, period! But lets give them kudo’s for being business gurus. I have never been able to fathom how they can be so clever and stupid at the same time? Annoying bunch, trust me, i studied in India. Woudl know better, and the idea for my business is being borrowed from there. Isn’t life interesting?

Can you also try to give constructive criticism in contrast to what you get posted?

]]> By: KE http://www.kenyanentrepreneur.com/book-review-how-to-get-rich-by-felix-dennis#comment-83202 KE Thu, 28 Aug 2008 12:52:12 +0000 http://www.kenyanentrepreneur.com/?p=1253#comment-83202 Coldtusker: I don't castigate Indians for being good business people. More power to them for that. I castigate them for their cultural insularity and racism, especially because they live in an African country! if they have such lowly opinions of black africans, then they should move back to India and live amongst their people. I've also had terrible experiences with indian shop owners here. Following me around their stores if I'm taking too long to find what I want, not saying thank you if I do end up buying something, etc, etc. These are not good people.

Coldtusker:

I don’t castigate Indians for being good business people. More power to them for that. I castigate them for their cultural insularity and racism, especially because they live in an African country! if they have such lowly opinions of black africans, then they should move back to India and live amongst their people.

I’ve also had terrible experiences with indian shop owners here. Following me around their stores if I’m taking too long to find what I want, not saying thank you if I do end up buying something, etc, etc.

These are not good people.

]]> By: Coldtusker http://www.kenyanentrepreneur.com/book-review-how-to-get-rich-by-felix-dennis#comment-82922 Coldtusker Tue, 26 Aug 2008 19:41:23 +0000 http://www.kenyanentrepreneur.com/?p=1253#comment-82922 KE: I don't get it... I was reading some of the older posts u had... & the comments... It seems the Mhindis in Kenya try to follow Dennis' rules yet they are castigated... by yourself nonetheless... I can only think you are a racist... and I find this odd coz you live in the USA (unlike me)... and are an immigrant to the USA... or a hypocrite? Hmmm... 1) Many large Mhindi-owned firms have offices not in the CBD or Westlands or Upper Hill but in less 'ostentatious' areas... Many are in noisy crowded Industrial Area... 2) No extra expenses here... 3) Well... since the businesses tend to employ family when they start off... well... true... 4) We know that ain't gonna happen in Mhindi firms... 5) They try not to... 6) Well... see (1) above 7) Hey... African employers are the WORST lot... and Multinationals & UN the best... Mhindis are somewhere in the middle... One thing for the Mhindis, they do not hire folks who are not needed... UN spends someone else's money... the sense of 'family/kijiji' means many African businesses are hopelessly over-staffed...

KE: I don’t get it… I was reading some of the older posts u had… & the comments… It seems the Mhindis in Kenya try to follow Dennis’ rules yet they are castigated… by yourself nonetheless… I can only think you are a racist… and I find this odd coz you live in the USA (unlike me)… and are an immigrant to the USA… or a hypocrite?

Hmmm…

1) Many large Mhindi-owned firms have offices not in the CBD or Westlands or Upper Hill but in less ‘ostentatious’ areas… Many are in noisy crowded Industrial Area…
2) No extra expenses here…
3) Well… since the businesses tend to employ family when they start off… well… true…
4) We know that ain’t gonna happen in Mhindi firms…
5) They try not to…
6) Well… see (1) above
7) Hey… African employers are the WORST lot… and Multinationals & UN the best… Mhindis are somewhere in the middle… One thing for the Mhindis, they do not hire folks who are not needed… UN spends someone else’s money… the sense of ‘family/kijiji’ means many African businesses are hopelessly over-staffed…

]]> By: razor http://www.kenyanentrepreneur.com/book-review-how-to-get-rich-by-felix-dennis#comment-81837 razor Mon, 18 Aug 2008 20:16:08 +0000 http://www.kenyanentrepreneur.com/?p=1253#comment-81837 I agree with you that debt financing has more advantages than equity finance because all you are required to do is make mthly premiums,less stress. The problem is that, with the banks , losing your business is actually easier..as soon as cash flow problems start, they call out the loan early or sieze the collateral. On the other hand you have given the other guys some ownership and they are not gonna try to hurt the business. I dont have any statistics but I believe that more new business ventures succeed if they use equity financing. It may keep you on your toes,more reporting....but you can buy out those minority owners as soon as business is booming....only do your legal work right...you know, THOSE CLAUSES.

I agree with you that debt financing has more advantages than equity finance because all you are required to do is make mthly premiums,less stress. The problem is that, with the banks , losing your business is actually easier..as soon as cash flow problems start, they call out the loan early or sieze the collateral. On the other hand you have given the other guys some ownership and they are not gonna try to hurt the business. I dont have any statistics but I believe that more new business ventures succeed if they use equity financing. It may keep you on your toes,more reporting….but you can buy out those minority owners as soon as business is booming….only do your legal work right…you know, THOSE CLAUSES.

]]> By: kenyanentrepreneur http://www.kenyanentrepreneur.com/book-review-how-to-get-rich-by-felix-dennis#comment-81755 kenyanentrepreneur Mon, 18 Aug 2008 02:48:40 +0000 http://www.kenyanentrepreneur.com/?p=1253#comment-81755 Razor: Can't you raise money by getting a loan from a bank without having to give up ownership? Dennis is actually against Venture capitalists who he believes are essentially economic vultures. i.e. they may give you money, but in exchange for that money, they'll get control of your company and eventually end up kicking you out. why would you want to share your power with anyone anyway?

Razor:

Can’t you raise money by getting a loan from a bank without having to give up ownership? Dennis is actually against Venture capitalists who he believes are essentially economic vultures. i.e. they may give you money, but in exchange for that money, they’ll get control of your company and eventually end up kicking you out.

why would you want to share your power with anyone anyway?

]]> By: razor http://www.kenyanentrepreneur.com/book-review-how-to-get-rich-by-felix-dennis#comment-81744 razor Mon, 18 Aug 2008 00:27:15 +0000 http://www.kenyanentrepreneur.com/?p=1253#comment-81744 Sometime, and most times the only way to move forward is giving up some ownership...then,you be able to raise the funds and grow. I dont see how selling 1% will give a guy control of the main business ...So rule # 5 is OUT.

Sometime, and most times the only way to move forward is giving up some ownership…then,you be able to raise the funds and grow. I dont see how selling 1% will give a guy control of the main business …So rule # 5 is OUT.

]]> By: Lord http://www.kenyanentrepreneur.com/book-review-how-to-get-rich-by-felix-dennis#comment-81559 Lord Sat, 16 Aug 2008 11:13:16 +0000 http://www.kenyanentrepreneur.com/?p=1253#comment-81559 KE Personally i never read motivational books...But the distilled SEVEN RULES seem very resonable and natural...one can work on those maxims alone

KE

Personally i never read motivational books…But the distilled SEVEN RULES seem very resonable and natural…one can work on those maxims alone

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