Business Brilliant by Lewis Schiff

Last updated: Jul 19, 2023

Summary of Business Brilliant by Lewis Schiff

Business Brilliant by Lewis Schiff is a comprehensive guide that explores the mindset and strategies of highly successful entrepreneurs and business leaders. The book aims to uncover the secrets of these individuals and provide actionable advice for readers to apply to their own careers and businesses.

Schiff begins by debunking common myths about success, such as the belief that intelligence or education is the key factor. Instead, he argues that it is the ability to think and act differently that sets successful people apart. He introduces the concept of "Business Brilliance," which encompasses a unique set of skills and behaviors that lead to exceptional results.

The book identifies seven principles that define Business Brilliance:

Find your unique ability: Successful individuals focus on their strengths and delegate tasks that are not aligned with their core competencies. They prioritize their time and energy on activities that have the greatest impact.
Build a strong network: Business Brilliance is not achieved in isolation. Building a diverse and influential network is crucial for accessing resources, opportunities, and support. Schiff provides practical tips on how to expand and nurture a valuable network.
Develop a high tolerance for risk: Successful entrepreneurs embrace risk and are willing to take calculated chances. They understand that failure is a stepping stone to success and learn from their mistakes.
Obsess over opportunities: Business Brilliance requires a keen eye for spotting opportunities and acting on them swiftly. Schiff emphasizes the importance of being proactive, adaptable, and constantly seeking new possibilities.
Take calculated actions: While risk-taking is important, it must be accompanied by careful planning and analysis. Successful individuals make informed decisions based on data and market research.
Be a relentless problem solver: Business Brilliance is about finding innovative solutions to challenges. Schiff encourages readers to adopt a problem-solving mindset and embrace obstacles as opportunities for growth.
Master the art of negotiation: Successful individuals are skilled negotiators who can create win-win situations. Schiff provides strategies and techniques for effective negotiation.

Throughout the book, Schiff supports his principles with real-life examples and interviews with successful entrepreneurs. He also provides practical exercises and action steps for readers to apply the concepts to their own lives and businesses.

In conclusion, Business Brilliant by Lewis Schiff offers a comprehensive guide to achieving success in business. By adopting the principles of Business Brilliance and learning from the experiences of highly successful individuals, readers can enhance their own entrepreneurial skills and mindset.

1. The Power of Perception

In "Business Brilliant," Lewis Schiff emphasizes the importance of perception in achieving success. He argues that how others perceive you and your business can greatly impact your opportunities and outcomes. Schiff suggests that successful individuals understand how to create a positive perception by strategically positioning themselves and their businesses.

One actionable insight from this book is to focus on building a personal brand that aligns with your goals and values. By consistently presenting yourself in a way that reflects your expertise and professionalism, you can shape how others perceive you. This can lead to increased trust, credibility, and ultimately, more opportunities for success.

2. The Value of Failure

Schiff challenges the conventional belief that failure is something to be avoided at all costs. Instead, he argues that failure can be a valuable learning experience and a stepping stone to success. He highlights the stories of successful entrepreneurs who have experienced multiple failures before achieving their breakthroughs.

An actionable takeaway from this book is to embrace failure as a necessary part of the journey towards success. Rather than being discouraged by setbacks, use them as opportunities for growth and learning. By reframing failure as a valuable experience, you can develop resilience and perseverance, which are essential qualities for achieving long-term success.

3. The Importance of Networking

Schiff emphasizes the power of networking and building strong relationships in "Business Brilliant." He argues that successful individuals understand the value of connecting with others and leveraging those relationships to create opportunities.

An actionable insight from this book is to prioritize networking and invest time and effort into building meaningful connections. This can be done through attending industry events, joining professional organizations, or even reaching out to individuals directly. By expanding your network and nurturing relationships, you can tap into a wealth of knowledge, resources, and potential collaborations that can propel your business forward.

4. The Role of Persistence

Schiff highlights the importance of persistence in achieving success. He argues that successful individuals are willing to put in the necessary time, effort, and perseverance to overcome obstacles and achieve their goals.

An actionable takeaway from this book is to cultivate a mindset of persistence and resilience. When faced with challenges or setbacks, instead of giving up, view them as opportunities to learn, grow, and improve. By staying committed to your goals and consistently taking action, you increase your chances of achieving long-term success.

5. The Power of Focus

Schiff emphasizes the importance of focus in "Business Brilliant." He argues that successful individuals have a clear vision and are able to prioritize their time and energy on activities that align with their goals.

An actionable insight from this book is to identify your key priorities and eliminate distractions that hinder your progress. By focusing on the most important tasks and saying no to non-essential commitments, you can maximize your productivity and make significant progress towards your goals.

6. The Value of Continuous Learning

Schiff highlights the importance of continuous learning in "Business Brilliant." He argues that successful individuals are constantly seeking new knowledge, skills, and perspectives to stay ahead in their industries.

An actionable takeaway from this book is to prioritize ongoing learning and personal development. This can be done through reading books, attending seminars, taking courses, or seeking mentorship. By continuously expanding your knowledge and skills, you can adapt to changing market trends, innovate, and maintain a competitive edge.

7. The Significance of Emotional Intelligence

Schiff emphasizes the importance of emotional intelligence in "Business Brilliant." He argues that successful individuals understand the value of self-awareness, empathy, and effective communication in building strong relationships and leading teams.

An actionable insight from this book is to invest in developing your emotional intelligence skills. This can be done through self-reflection, seeking feedback, and practicing active listening. By improving your emotional intelligence, you can enhance your interpersonal relationships, resolve conflicts more effectively, and inspire others to perform at their best.

8. The Power of Taking Calculated Risks

Schiff highlights the importance of taking calculated risks in "Business Brilliant." He argues that successful individuals are willing to step outside their comfort zones and take calculated risks to seize opportunities and achieve their goals.

An actionable takeaway from this book is to assess risks carefully and make informed decisions based on thorough analysis and evaluation. By taking calculated risks, you can open yourself up to new possibilities and potentially reap significant rewards. However, it is important to strike a balance between risk and reward and avoid reckless behavior that could jeopardize your success.