10 Most Important Books for Business Owners
Reading helpful books can help to broaden your business perceptive and change your thinking for better business strategies, tactics, and success. By reading, you gain the potential to move ahead of the competition, gain more self-confidence, generate new ideas, and run your business both efficiently and successfully. That said, here are some of the most important books for a business owner.
1. Traction: Get a Grip on Your Business- Gino Wickman All entrepreneurs face similar frustrations- profit woes, personal conflicts, weak growth, and decisions that seem never to be made or implemented. Wickman offers a practical method for the business success you have been envisioning. Are you having a grip on your business or is your business having a grip on you? The book teaches the secrets and the power of strengthening six key components of your business.
2. E-Myth The book by Michael Garber teaches you how to set up your business so that it could run without you, and do so consistently. The book will help to free your time to go on a vacation, spend more time with your family, and do what most entrepreneurs like to do- build another company.
3. Think and Grow Rich by Napoleon Hill Napoleon, a journalist, sought to investigate what made some people highly successful in business and others not. After a decade of research, more than 25,000 interviews with many successful men of his time including Henry Ford, Graham Bell, John D. Rockefeller and George Eastman, Hill came up with thirteen steps to success. Some of the steps to riches include desire, persistence, decision, subconscious mind, faith, and organization. By reading this book, you will develop a positive mental attitude, effectively deal with adversities, and be able to formulate and follow a definite purpose.You can get the original version online for free of charge.
4. Scaling Up: Why a Few Companies Make it, Why the Rest Don't Almost every entrepreneur is in search of new to build more efficient teams and organizations that will stand the test of time. Through business parables, compelling research, vivid examples, Verne Harnish shows practical advice on one of the toughest challenges that most organizations face- how to spread success from few individuals to the entire fabric of the organization. The book has some specific 'how to's' and some critical ideas. It clearly teaches what the top managers need to do to propel companies through multiple growth phases. You can get some free templates on the supporting website www.scaleup.com.
5. How to Win Friends and Influence People by Dale Carnegie No business can survive without the customers' support. You need to win people to survive the competition. To do it, you need to have some unique skills to influence your customers, creditors, retailers, vendors, and clientele. You can nurture the skills by reading this book. It is self-explanatory, lucid and clear. The book expounds the points with empirical examples.
6. Swim with Sharks by Harvey Mackay Harvey stresses out that the customers don't care how much you know about them; they care how much you care about them. By reading it, you will learn about patience, persistence, professionalism, and putting the needs of your clients and prospects first. It is based on the notion that the sales people will drop the ball. Your task is to fill the void when it occurs. The book teaches you how to Outsell- getting some appointments with prospects who at first don't positively want to transact with you. The book also teaches the skill of out negotiating- when to say a polite no or send the clones.
7. Good to Great by Jim Collins Collins and his team examine whether it is possible to move a company from good to great. He affirms that it is possible when certain conditions are fulfilled. By removing redundant labor, fostering an ideal business culture, and practicing honesty in business, a company can move from good to great. By reading 'Good to Great,' you will discover new techniques and knowledge needed to manage your business and people. You will also know how to deal with clientele, vendors, and other groups.
8. Innovative Dilemma by Clayton Christensen Clayton gives an analysis of the changing technology and its role in the company's future success. The book addresses tough problems that most successful companies will face. It's analytical, lucid, and practical. Clayton provides insights and connection between business success and technological change. In the book, Clayton says that a successful company with established products can do everything right but still lose market leadership. He not only proves what he says but advises you how to avoid similar fates. Clayton uses lessons of failure from leading companies to present set of rules for capitalizing disruptive innovation. It's a must have book for any aspiring innovator.
9. The Next Millionaires- Paul Pilzer The book describes the hottest and biggest business strategies taking place now. The book will help you to get in line with at least one of the trends for business success. When writing this book, Paul was well ahead of time. Some of the trends mentioned are still in infancy and as effective as they were when the book was written.
10. Rich Dad, Poor Dad The book by Robert Kiyosaki is mind altering. He explains the business strategies that separates the middle class, the rich, and the ultra rich. He unveils a concept that can help you to build a passive income stream and grow your wealth rather than getting caught up in a rat race, where you are always trading time for money.