Confessions of a Compulsive Entrepreneur and Inventor
William J. Tobin
Reviewed by William Phenn for Reader Views (5/11)
William Tobin is a self-made man that started life by living in the projects of New York City and mowing lawns. When his parents moved to Long Island, William started his first enterprise, a lawn care service. By the time he was in college, he had already established a lawn service and a janitorial company while at the same time; going to school for his MBA (Master of Business Administration). He was ambitious and aggressive even as a young man. This attitude propelled him to even bigger and better things. Being one of the first with the idea of Web publishing, his publishing venture went well for a few years till others picked up on the idea. After that, he could not stay competitive with the bigger organizations doing the same thing.
Mr. Tobin goes on to give the reader some very good ideas on money. He mentions the fact that he paid cash for everything (including his house) that he owns. His reasoning is that the interest paid would make the home cost much more in the long run. Along with this, he gives the reader three good ideas for dealing with their finances. The first being an “Irrevocable Trust,” the second a “Postnuptial Agreement” and the third was to “Establish a Charitable Foundation.”
The book continues to describe other profitable ventures that Mr. Tobin engaged in and the problems that he had with them. There was the Love Boat, the singles hotel, the Mateus lamp and the Liter Lifter, just to name a few. He went on to expand his business into travel materials for the airlines, real estate, dispenser manufacturing, corporate personnel training and computer programming. His online flower and gift idea made a big hit and he spends some time discussing his success in the internet marketing area.
I enjoyed the book very much. It was a fast read having 151 well-written and compiled pages. The information is ground-floor basics that everyone should know before starting a business. “Confessions of a Compulsive Entrepreneur and Inventor” contains very good information and many good examples from first-hand experience related to the reader in plain terms that one can understand. A fast-paced wealth of knowledge that I gave a strong B on my literary scale; I would recommend it to all entrepreneurs.