For 25 years, Tom Rollins has been quietly carrying out that secret formula, quietly increasing the wealth of his family company, Celtic Insurance Company, one company at a time. As if that wasn’t enough, he’s been doing it while getting even more out of himself as an individual and as a leader.
If you read The CEO Formula, you will learn that the secret to successfully increasing the wealth of your business is found in the book’s executive chapter. There, Rollins shares his personal experiences leading Celtic Insurance through both boom times and the “down” times. You’ll also discover that the secret to achieving company success is not to be afraid to delegate responsibility and ask for help. This is done by using the new formula: maximize shareholder value.
What is the new formula? It’s something that the late great author and speaker Tom Rollins didn’t really talk about in his book, but it’s something that a lot of people will benefit from. Simply put, the new formula is really about delegating responsibility. The idea is that you can give somebody else the responsibility of doing the job and then when it’s done, you get a huge percentage of that back-side profit for yourself.
This idea is actually very similar to what Rollins did in his previous book, Managing, which was a very successful book on financial management. The difference was that in that book, he talked about how companies should empower people (the board of directors) to make major decisions rather than just leave people in the same role every single day. The new formula basically is the same idea, although it’s geared towards being used in a startup as opposed to a large corporation. The book talks about how investing in an entrepreneur‘s vision is much more powerful than simply funding an acquisition. You see, once an entrepreneur becomes an established company, they are able to leverage their brand name, the money, and the team that they have to hire in order to make any big decisions.
As you can see, Tom Rollins’ new book, The Catalyst, is a wonderful primer on how to maximize shareholder value. Although the details of how to implement the new formula aren’t mentioned in this text, it is highly recommended to anyone who is thinking about getting involved in the business world. It has everything you would need to get started: the background, the strategies, the case studies, etc. You can easily learn the strategies by reading the book and then implementing them yourself.
The key take-away from The Catalyst by Tom Rollins is that he doesn’t think that entrepreneurs should be held hostage to the conventional business tools of the past.The author Tom Rollins argues that there are many more ways than ever before to get ahead in business. The combination of technology, globalization, and business ideas fueled by passion and ingenuity can create incredible wealth in any company, regardless of size. As Tom points out, there are a number of ways for business people to utilize the new formula in order to become a force in adult