If You Want To Start Your First Business, Read These Books (MUST READ)
Learn how you can start your first business today from experts with years of experience
Statistically speaking, you’re more likely to become a millionaire if you own a business than if you’re just depending on a monthly paycheck.
If you want more money in the bank, don’t exchange more time by getting a second job, instead, take some time to learn how to be an entrepreneur, just as you took the time to become an employee.
Being an employee, having a family and depending solely on one source of income is unsafe.
What if something happens and you can’t work anymore? What if you get fired? It hurts to know that your income has a ceiling as an employee and it’s even more depressing to imagine that if you stop working, your income stops. Zero. Have a nice day!
Being an employee is absolutely perfect if you love your job. But it’s safer to always have more than one source of income; and what’s a better way to do this if not starting a side business?
If this sounds like what you’d want to do, these books can show you how to get started right now.
#1. Anything You Want by Derek Sivers
This is the kind of book you’d want to start a to-read list with. Matter of fact, it’s the first book you should consider as an aspiring startup.
It had so many relatable lessons on entrepreneurship written in the most transparent and satisfying manner ever. It’s a different type of book that encourages aspiring entrepreneurs to create a business how they want it to be, not how other people think it should be — hence the title — ‘Anything You Want’.
This is not some random business book — the lessons can be applied to different aspects of life as well. In fact, it’s a recipe for finding happiness in anything you do.
#2. Start From Zero by Dane Maxwel
This is the book to read if you’ve always wanted to start a business but you feel that you don’t have what it takes to do it. It shows you how to successfully start from zero, when you have nothing — not even confidence!
It’s written in very simple and clear English that even a kid would understand and it cites examples from different employees who became successful entrepreneurs.
If you read this book, you’ll learn the personality traits needed to start a business, how you can generate ideas to start a profitable business, and tested principles with methodologies for building an independently thriving business. You’d be fired up after reading these first two books.
#3. Profit First by Mike Michalowicz
So you’re fired up now and you know you’ve actually got a shot at this thing called business. Great! But before you go any further, you’ve got to be sure if you’re running on a system that ensures you’re actually making profits and not the other one— “losses!”
That’s where this book comes in.
Profit First is a book that helps you increase profitability in your business, regardless of where it is in its life cycle. It will help you maintain a positive cash flow so you can avoid the money struggles that are common to new businesses.
It contains practical step-by-step advice that will help you simplify your accounting process and set your business on the path of early and sustainable profitability which is requisite for achieving long term growth.
#4. The $100 Startup by Chris Guillebea
Chris Gullibeau is living my dream life. He’s an advocate of living a life of adventure while earning a good living. He’s toured many countries without even having a real job and he can inspire you to do the same.
His book examines 50 case studies of entrepreneurs who turned their ideas into income and who successfully started a business with very little money. This book is all about leveraging your expertise and passion to create a profitable business. It’s also a great read if you’ve been wanting to start your business but you’ve let lack of funding stand in the way.
If you’re anything like me who’s always wrapped up in thoughts of quitting traditional employment and creating the time and income to pursue meaningful causes, this book is obviously for you.
#5. Crushing It by Gary Vaynerchuk
Speaking of following your passion — do you see social media platforms as a place where unambitious people waste their time viewing the fake lives of toxic influencers? If you answered yes, I’m afraid you have to think again.
This book is a follow up from his earlier book ‘Crush It’ where he advocated the need for aspiring entrepreneurs to quickly cash out on their passion by building their brand on the internet.
Yeah, some people took his advice and got wealthier.
In this book, the author shares stories from these entrepreneurs as well as detailed and valuable tips on how to use the different social media platforms to promote your brand, gain an audience, start your business, and live life on your terms.
If you want to leverage the power of social media to promote your business and your personal brand (you should do this), please read this book.
#6. 48 Hour Startup by Fraser Doherty
Thinking about starting a business (wantrepreneur) and actually starting a business (entrepreneur) are two totally different things. The author shares his personal experience of starting a successful (multi-million-dollar) business without the usual semantics and aims to use it as an inspiration for us to do the same.
As the name suggests, this book provides you with the essential cheat sheet to start your own business within a short time frame. It also gives you key steps to develop an idea and get it to market pretty quickly.
In the end, almost everyone dreams of starting their own business but very few do. There’s a big difference between wishing and doing and this book will provide you with the needed motivation and key insights to starting that business right away.
#7. The 7 day Startup by Dan Norris
This book can pass as your personal bible for launching your next product from idea generation stage to profit stage. Dan Norris is an entrepreneur who founded a small business from scratch and grew it to a $400,000 in annual recurring revenue enterprise under a relatively short period of time.
If you read this book, you’ll learn how to evaluate your small business idea, choose a business name fast and build a website for it in 1 day, market your business quickly and more importantly, you’ll learn why validation isn’t always the answer.
In fact, if you’re someone who wants to start a business right away, this book will be a valuable asset to you.
#8. Will It Fly by Pat Flynn
Yes, it’s important to quickly implement your business ideas when you feel passionate about them, but speed is only useful when you’re running in the right direction.
If you have a business idea and you’re wondering if it will work or not, then this book is for you. It contains a practical step-by-step approach to assessing and validating business ideas through a series of ‘pre-flight’ tests. This book’s framework for working through new product ideas is pretty decent and it can help you shape your new business idea to improve its chances of success.
It’s risky to invest time, money and other resources in business ideas without evaluating them. I started a business 2 years ago without thinking about testing my ideas. Was the business profitable? Yes. But after reading this book, I realised why the business was profitable: I was lucky.
Read also: 12 ways to finding your purpose
#9. The E Myth by Michael E. Gerber
This book helps you to start a small business by first, bursting the familiar myths about running a business and secondly, teaching you how to get your business to run without you.
The author dispels the myths surrounding starting a business of your own and shows how commonplace assumptions can get in the way of running that business. Next, he walks you through the steps in the life of a business and then shows you how to apply the lessons of franchising to any business, whether it’s a franchise or not — how about that for being brilliant!
This book was voted no. 1 business book by Inc. 500 CEOs. It has a lot of helpful business concepts and you’d be doing both yourself and your business a disservice if you don’t own (and read) a copy of this book.
#10. How I built This by Guy Raz
If you still feel somewhat unsure about starting that business after reading these books, perhaps you should read this last one to cure all your fears and doubts. This book offers priceless insights and inspiration from the world’s top entrepreneurs on how to start, launch, and build successful businesses.
It’s a collection of successful business stories from regular people like you and me who will rise above their personal challenges to overcome very difficult business situations. The author interviewed over 200 successful entrepreneurs and shares helpful tips — from the stages of conceiving and idea to raising funds — to eventually creating a successful business.
If you’ve ever dreamed of starting your own business or wondered how trailblazing entrepreneurs made their own dreams a reality, this book is a must-read for you.
CONTRIBUTED BY EMEKA NWANEDO
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