The Investor's Shelf — one book
Anything You Want

Anything You Want

Derek Sivers
2011
96 pages · about 1h 36m to read OL20045135Wgoodreads

Summary

Sivers built CD Baby, a service selling independent musicians' CDs online, from a side project into a company with eighty-five employees and around eighty-five million dollars of sales, and sold it in 2008 for twenty-two million dollars, which he transferred to a charitable trust for music education. The book is roughly forty short chapters and takes about an hour to read.

The recurring argument is that a business exists to serve a purpose the founder chose, that growth and revenue are means rather than ends, and that most business advice assumes objectives the founder never actually selected.

His specific positions include that a business should start by solving your own problem for yourself, since that is how CD Baby began; that customer service is the entire business and should be treated as such; that a company should be designed around what the founder wants their daily life to be; that a plan should not be announced before it is built, since revenue is the only proof of demand; that saying no to most opportunities is what allows the remaining ones to work; that a founder should make themselves unnecessary to daily operations deliberately; and that ideas without execution are worth nothing, which he states as a multiplier where execution ranges from one to a thousand.

He is candid about his own errors, including a period when he stopped enjoying the business, delegated badly and made decisions that cost the company money. The book contains no evidence and generalises from one company in a market that no longer exists. The advice suits founders of small profitable businesses and contradicts what venture-funded companies require. Its brevity is deliberate and it makes its case without padding.

Key takeaways 8

  1. A business exists to serve a purpose the founder chose, and revenue and growth are means rather than objectives.
  2. The best businesses start by solving the founder's own problem, since the need is verified before anything is built.
  3. Customer service is the entire business for most companies rather than a department within it.
  4. A company should be designed around the daily life the founder wants, since that is the thing the founder will actually experience.
  5. Announcing a plan before building it produces no information, and revenue is the only evidence that demand exists.
  6. Saying no to most opportunities is what makes the remaining ones possible, and a founder who accepts everything achieves nothing.
  7. A founder should make themselves unnecessary to daily operations deliberately, which is what makes the business an asset rather than a job.
  8. Ideas are worth nothing without execution, and the multiplier between a good idea badly executed and well executed is very large.

Who should read it

Founders of small businesses who want a short honest account of building and selling one without outside capital.

Where it sits in the reference 0

No entry holds this book yet. It reached the reference because someone recommended it.

Who recommended it 5 · 1 direct

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