Starting a small business and getting it off the ground is an impressive feat on its own. But even after that has been achieved, a small business owner continuously faces unique challenges and hurdles they must overcome. Whether it’s day to day operations or planning the long-term growth of their business, all of it greatly depends on them, the owner, and thus sprouts up the need for small business owners to always be on top of things. Just like professional athletes train and maintain their bodies, small business owners must train and get their brains in shape to maintain that edge they constantly need to be on top of things. Here’s our list of 10 business books we think every small business owner can take away a lot from.
1. The 7 Habits of Highly Effective People
Author: Stephen R. Covey
Effectiveness is a vital trait possessed by every great leader. As a small business owner, you also need to be a leader for your vision. Stephen R. Covey in this book uses real-life examples to illustrates why effectiveness is important, and how you can not just dream big but act on those dreams as well.
Author: Angela Duckworth
For people doubting their ability to help their business succeed due to a lack of talent, intelligence, or skill, the psychologist uses her research to convince you how true success is all about grit. Self-control and hard work are what’s most important when it comes to helping your small business succeed.
3. Rich Dad Poor Dad
Author: Robert T. Kiyosaki
The immensely popular book tells the story of the author himself, and how his own dad and his friend’s dad (the rich dad) shaped his thoughts about money and investing. He debunks the myth that you need to earn high to be rich.
4. The 4-Hour Workweek
Author: Timothy Ferris
The book 4-Hour Workweek describes the writer’s journey about how he went from working 80 hours per week and earning $40,000 per year to working only 4 hours per week to earn the same amount per month. He debunks all the concepts about work and retirement the world has and tells about how to automate and outsource aspects of your life to save up enormous amounts of time.
5. Think and Grow Rich
Author: Napoleon Hill
Napoleon Hill researched more than forty millionaires to find out the secrets to their success and used all that knowledge to write down one of the most important financial books ever written. The writer imparts the philosophy that the most powerful instrument we have and need for achieving any goal is the power of our mind, and how we use it is what gives some people an edge over others. You could be that person too.
6. Shortcut Your Startup: Speed Up Success with Unconventional Advice from the Trenches
Author: Courtney Reum, Carter Reum
Whether you’re an aspiring entrepreneur or a seasoned one, this book offers great pieces of advice on speeding up your startup journey right from conception to your first sale. The veteran entrepreneurs the Reum brothers have written this easy to understand guide to benefit others from their vast experience.
7. The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses
Author: Eric Ries
The lean startup approach that is gaining popularity around the world is one that fosters companies and startups that are capital efficient and empower their workers to utilize their creativity so that the company itself can shift directions with agility and alter its plans quickly to suit the demands of customers. Rather than spending and wasting time designing and implement elaborate business plans, the test, adapt, and adjust approach is more successful for startups in this age when companies need innovation more than ever.
8. Virtual Freedom
Author: Chris Ducker
As an entrepreneur, you may be too involved with every aspect of your business and that is understandable, but it is wrong to assume you must do everything yourself. Outsourcing expert Chris Ducker explains how getting help within the constraints of your resources is easily possible due to virtual employees.
9. The 80/20 Principle: The Secret to Achieving More with Less
Author: Richard Koch
The 80/20 principle is one that shows how more can be achieved with less. That how 80% of our success and productivity is a result of only 20% of our time. The author too explains this principle in detail and how it works, and how we can use it to become vastly more successful by increasing our effectiveness and productivity.
10. The $100 Startup
Author: Chris Guillebeau
The author Chris Guillebeau has completed a tour of every country in the world, yet the man has never had a job in his life. In his book, he writes his 50 case studies of people who managed to monetize their passion without having any special skills. The core takeaway from this book is in the name, how easy it is to start a startup today.
11. Tribe of Mentors: Short Life Advice from the Best in the World
Author: Timothy Ferris
Tim Ferris compiles life advice from more than 130 of the world’s top performers to give you a reference book you can look to for the answer to your problems and uncertainties you might have.
12. The 10X Rule: The Only Difference Between Success and Failure
Author: Grant Cardone
The 10 X Rule states that apart from the three degrees of action, no action, retreat, and normal action, there is a fourth degree or level most people aren’t aware of called massive action. In the book the author further unveils and details this principle and explains how the 10 X Rule can help you overcome hurdles and blast through clichés, all the while making your journey towards success.