Your business is hopefully ticking along nicely, you have happy clients and all is well… Or you are just making the first tentative steps into the scary and exhilarating world of launching your own business. Most business owners are, let’s face it, driven by an almost insatiable desire to continue to improve, to grow and, in all honesty, to make more money! We have started our own business because it’s doing what we love and we all have to put a little extra work into what we love sometimes…In this blog post, I am going to talk about the top 7 business books that every business owner should read.
If you are a little stuck or have plateaued and just need a little guidance or inspiration, here is a list of the top 7 Business books I have read that have given me a bit of practical help, and to put it bluntly, the kick up the backside I have needed… They are in no particular order and each one has its merits and differing philosophy on sales and business. So turn off that box set on Netflix (we all do it) and get reading!!!
As one of the best-selling self-help books of all time, first written in 1937, Napoleon Hill continues to challenge readers to improve their lives — and their businesses — through positive thinking. It's a “success” classic, and a must-read for all entrepreneurs.
2. The Power of Broke: How Empty Pockets, a Tight Budget, and a Hunger for Success Can Become Your Greatest Competitive Advantage
The Power of Broker is for anyone looking to crush those excuses for whatever is holding him or her back from success. Bootstrapping your way to success can be a viable and sustainable way to grow your empire. Author (and Shark Tank entrepreneur) Daymond John built his own fashion label starting with home-sewn clothes and almost no money; he turned around his “broke” status with pure innovation. The book also explores how other everyday people took a similar approach. One entrepreneur, for instance, started a million-dollar cupcake business with the $33 balance in her checking account.
“Work on your business, not in it.” If you’ve heard this advice before, you’ve already got a sneak-peak at the wisdom in this excellent book. Using the story of Sarah, an entrepreneur with a struggling pie bakery, Gerber outlines how to develop systems that make a business more effective, and perhaps more importantly, scalable. We highly recommend this book to any business owner who feels stuck, or has come to the realization that running a business is a lot harder than they thought it would be.
Good relationships are the foundation of a successful business, and that's what makes this book a great read for small business owners. You'll learn techniques for enhancing both professional and personal relationships while increasing your self-esteem.
If you are exploring personal change and are interested in a holistic approach to solving personal and professional problems, this book should make it on your list. In the book, Stephen Covey reveals a step-by-step pathway for living with fairness, integrity, honesty, and human dignity.
6. “Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!” by Robert T. Kiyosaki.
Rich Dad Poor Dad, the #1 Personal Finance book of all time, tells the story of Robert Kiyosaki and his two dads—his real father and the father of his best friend, his rich dad—and the ways in which both men shaped his thoughts about money and investing. The book explores the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you.
The 10X Rule will help you increase your targets and your expectations. It teaches you to shoot for the stars so, even if you fail, you will land on the moon. Rather than thinking it would take me one hundred sales letters to get a client, the book helped me convince myself that it would take a thousand letters.
10xing your expectations will help you out a ton in your business. It will allow you to stay the course where others would get discouraged. On a more practical note, it definitely helps with your customer acquisition cost. If you can reasonably estimate that your customer acquisition cost will be $50, 10X it to $500. Can you still be profitable? If the answer is yes, you’ve got an amazing business on your hands.
There you have it – seven books about entrepreneurship that changed my life and the way I do business. Do you have any favorite business books? What books do you think entrepreneurs should read? Let me know in the comments below!
Wishing You Abundant Health, Wealth and Peace