How to Get Rich by Felix Dennis - Innovation and enterprise Blog

8/5/20232 min read

"How to Get Rich" by Felix Dennis is a frank and direct account of his journey to amassing a personal fortune. Dennis, a well-known British publisher and philanthropist, shares lessons he learned on his path to wealth. Here are some key takeaways from the book, which can be shared in a blog focusing on innovation and enterprise:

  1. Recognize the Desire to Get Rich: Dennis emphasizes that the first step to becoming rich is admitting that you want to be wealthy. Many people shy away from openly expressing this desire, but clarity and honesty are essential starting points.

  2. The Idea Isn't Everything: While having a great business idea is important, Dennis argues that the execution of the idea is what really counts. Many people have brilliant ideas, but few are able to turn those ideas into profitable enterprises.

  3. Ownership is Key: Dennis stresses the importance of retaining ownership of your businesses. Having control over your enterprises allows you to guide their growth and keep a significant portion of the profits.

  4. Hard Work and Persistence: Achieving wealth often requires long hours, tremendous effort, and a stubborn refusal to give up in the face of obstacles. It's not an easy or quick journey, but perseverance can pay off.

  5. Spotting Opportunities: Dennis had a knack for spotting opportunities that others overlooked. He encourages readers to always be on the lookout for potential business ventures and to take calculated risks when opportunities arise.

  6. Embrace Change and Innovation: Dennis' success was partly due to his ability to embrace new technologies and trends. Being open to change and continually innovating is crucial in a rapidly evolving business environment.

  7. Managing Money: Making money is one thing, but keeping it is another. Dennis emphasizes the importance of learning to manage money wisely, investing prudently, and avoiding unnecessary debt.

  8. Learning from Failure: Dennis candidly shares some of his failures and mistakes, underlining that they are inevitable on the path to success. The key is to learn from these setbacks and use them to improve and grow.

  9. Balancing Life: In his book, Dennis also reflects on the sacrifices made in his pursuit of wealth, suggesting readers consider carefully the potential cost to personal relationships and quality of life.

  10. Giving Back: Dennis was a philanthropist who gave away a substantial portion of his wealth. He encourages readers to consider not just how to accumulate wealth, but also how to use it to make a positive impact.

    Please note that while this book provides a raw and unfiltered perspective on wealth creation, it also underscores that getting rich should not be viewed as the only measure of success or happiness.