The 5 Books Every New Entrepreneur Needs To Read

Entrepreneurs are a unique breed. They must have the vision of an idea to start a business and be multi-faceted to handle all of the diverse aspects of running a business. The following is a selection of business books whose messages have endured over the years and address the challenges that face every entrepreneur.

Although Think and Grow Rich by Napoleon Hill was first published in 1937, it remains an inspirational foundation for every businessman. It gives the reader the courage to believe in himself and his business mission. It describes the incredible of power personal beliefs and how an individual with persistence, faith and desire can achieve seemingly unachievable goals by eliminating negative thought and focusing on the ultimate goals.

Most people believe in the long-held axiom that creating a successful business requires slave-like commitment to long hours and sacrifice. The 4-Hour Workweek by Timothy Ferriss attempts to dispel this notion. While there is no question that starting a business does require hours of hard work, this book introduces the concept of how to get things done in less time. Most entrepreneurs believe that they have to do everything themselves in order for their business to succeed. Instead, the idea is for the entrepreneur to maximize his own productivity by thinking about ways to get things done more quickly and leaving more time for himself.

Starting a business does not necessarily require endless hours of work and an unlimited source of capital. In his book, The $100 Startup, Chris Guillebeau presents 50 case histories of actual entrepreneurs who were able to take their passion, figure out how to monetize it and become successful. The common threads from all of these case histories become a how-to guide for any entrepreneur wanting to identify his personal passion and make it into a profitable business.

Michael Gerber dispels many of the myths about starting a new business in The E-Myth Revisited. He discusses how many common assumptions about business can hamper the running of a business. He takes a start-up business from infancy, through growing pains, to maturity and, finally, how to maintain a balanced life while managing a successful business. An important distinction that he makes is that the entrepreneur should focus on “working on your business” instead of “working in your business.” This concept pulls the entrepreneur out of the day-to-day minutiae of running a business and forces him to remember that the objective is to build a business, not just handle daily tasks.

Starting a business always involves uncertainty. In The Lean Start-Up, Eric Ries, outlines a process that enables to business to more quickly identify what is working and what is not. He dispels the notion of creating an elaborate business plan, but instead, focuses on forming a basic idea on how the business is to operate and make small, immediate changes as the business grows. This allows the entrepreneur to constantly test his vision and make modifications before it’s too late.

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