Being an entrepreneur is not a piece of cake as most of the time it requires tremendous knowledge on how to run a business, manage money and perform various other business related activities. Unfortunately, most of these basic business skills are not taught in school, making it virtually impossible for a normal person to venture into the business. However, thanks to technology and the pioneers of the global business industry, you can now learn how to become a successful entrepreneur by reading certain books. These books provide you with fundamental knowledge about entrepreneurship and give advice on what happens on the way to entrepreneurial success. So here are the 10 best business books every entrepreneur needs to read.
1. Zero to One by Peter Thiel
Zero to One: Notes on Startups, or How to Build the Future is a 2014 book by American entrepreneur and investor Peter Thiel, co-written with Blake Masters. The book is a collection of talks about startups given by Peter Thiel during his Stanford apprenticeship years.
Thiel and Blake have compiled a powerful set of standards that entrepreneurs, startups and thought leaders should carefully consider as they build a business that aims to shape the future of our society.
2. The entrepreneurial spirit of Kevin D. Johnson
The Entrepreneur Mind by Kevin D. Johnson is one of the best business books any entrepreneur needs to read. The book teaches the mindset to build a successful business by revealing the 100 essential beliefs, traits and habits of elite entrepreneurs.
Kevin D. Johnson knows he needs to help entrepreneurs around the world change the way they think in order to be successful. In his book The Entrepreneur Mind, Kevin D. Johnson talks about the different ways you can change your mindset to start a business, grow it, and make it last.
3. Chris Gillebeau’s $100 startup
In The $100 Startup, Chris Guillebeau shows why it doesn’t take a lot of money to start a successful business. The book includes 50 case studies of people who have built businesses and made $50,000 or more – often $100 or less – from a small investment.
And most of these people didn’t have any special skills at first, but discovered aspects of their personal passions that could be monetized. This book will help you find the intersection between your passions and skills and what others are willing to pay for.
4. The 4 Hour Work Week by Tim Ferris
The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Tim Ferris is one of those books every entrepreneur needs to read. Often referred to as “The Bible of Lifestyle Design,” the book shows you how to live more and work less. This business book constantly challenges conventional thinking.
In the book, Ferris sets out why one should forget the outdated concept of working life then retiring. You will also learn how to use time and place to create financial leverage. At its core, this book for entrepreneurs is about productivity and effectiveness—it covers topics like prioritization, outsourcing, and automation.
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5. Eric Ries’ lean startup
Another must read book for entrepreneurs is The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses by Eric Ries. The book shows entrepreneurs how to build a business, gain traction and keep it lean for maximum results.
The book focuses on taking action, constantly testing, and relentlessly adapting. With the constant digital innovation baffling the business world, Ries argues that “the only way to win is to learn faster than anyone”. It also offers an innovative, hands-on process for becoming a more adaptable business.
6. Revision by Jason Fried and David Hansson
Rework is one of the best business books that every entrepreneur needs to read. In the book, Jason Fried and David Hansson challenge mainstream thinking and culture and discover that it takes far less than you think to start a successful business.
According to the authors, you need to prioritize more. Saying no more. Stop talking, researching and planning and start doing. You’ll also learn why plans are harmful, outside investors unnecessary, and why it’s best to ignore the competition.
7. The Hard Thing About Hard Things by Ben Horowitz
As one of Silicon Valley’s most respected and experienced entrepreneurs, Ben Horowitz offers essential advice on building and running a business. Many people emphasize the excitement of life as an entrepreneur. But in this business book, Horowitz also sheds light on the difficulties and struggles that entrepreneurs face.
What is particularly interesting is that Horowitz initially argues that there is no recipe for success. But that you can learn invaluable lessons from the mistakes and needs of others. It’s a great read for entrepreneurs looking for a mentor to guide them along the way.
8. Smash it! by Gary Vaynerchuk
Gary, in his book Crush It! a very motivating and persuasive voice. by motivating you to pursue your passions. The book shares new lessons, advice, tactics and strategies drawn from his own experiences and those of many other influential influencers and entrepreneurs.
In Crush It! He goes over the many reasons why you should stop sitting on your couch and daydreaming about the day when you get paid to do what you love. He wants you to get out of your comfort zone and create a happy and passionate life for yourself.
9. The Psychology of Selling by Brian Tracy
Without a good sales technique it is quite impossible to build a successful business. According to Tracy, there’s no point in having a great product if you don’t know how to approach the person and make them fall in love with you and the product.
Through the psychology of selling, Brian Tracy shares valuable information and strategies on how to sell more by focusing on one thing – the person. Sometimes entrepreneurs forget the basics of selling and jump right over it to get results, but to get results you need to know the basics.
10. Purple Cow: by Seth Godin
In Purple Cow, Seth Godin demonstrates how the traditional Ps of marketing (product, price, promotion, location, etc.) don’t work the way they used to. Because there is a new “P” that is now more important: the “Purple Cow”.
A “purple cow” is Godin’s metaphor for something phenomenal, contradictory, and remarkable. Cows are just boring after seeing a few. But a purple cow? Well, that would get everyone’s attention. In this book, Godin explains why every company in today’s market is either remarkable or invisible.
He also explains how to differentiate yourself from the competition in order to be successful.
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