7 of The Best Entrepreneur Books You Should Read

Successful entrepreneurs are voracious readers as it enables them to broaden their horizons. It i

...

s not uncommon to find dedicated libraries or mass...

7 of The Best Entrepreneur Books You Should Read
Lucas Nguyen Image
Lucas Nguyen
Updated: Tuesday 20th of July 2021
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Successful entrepreneurs are voracious readers as it enables them to broaden their horizons. It is not uncommon to find dedicated libraries or massive bookshelves in their homes. Books help in enriching our imagination and expanding our knowledge base. They allow us to read about different cultures, people, customs, countries, and genres. They transport the readers into a new world that conjure up a variety of emotions and make us aware of hidden perceptions and stories of courage and wisdom that help us to grow. The self-help books and autobiographies are other gems in the repository of written words that inspire and motivate individuals to take the leap.

Thus, if you are planning to purchase a business for sale in Australia, you must find the best books for value addition and skill-building. So here is a list of the top seven entrepreneur books that you should read to get ready to face the challenges and competition of the cluttered marketplace.

1. Rich Dad, Poor Dad by Robert Kiyosaki and Sharon Lechter

The well-known bestseller has sold millions of copies across the world. It is one of the finest books about financial management. It has several useful lessons for entrepreneurs that can guide them to utilise their capital in the best possible way to become successful. It suggests that business owners must master accounting so that they can make informed decisions related to budgeting, marketing expenditure, debt management and investments. It shines a light on creating more assets than liabilities and learning the art of selling for small businesses.

Another significantly motivational lesson from the book is the need to get rid of self-doubt and fear as it can refrain the individual from reaching their potential. It teaches you to seize every opportunity and grow in your profession by taking risks. Thus, ‘Rich Dad, Poor Dad’ should be one of your top books to read.

2. Passion & Purpose: Stories From The Best and Brightest Business Leaders

Aspiring entrepreneurs need to read through this book that enlightens the reader about the commercial space. It covers every aspect of the business world in the current globalisation scenario and the challenges that are faced by the new generation of start-ups and family businesses. It talks about a variety of issues ranging from dealing with technological advancements to learning through development.

In addition, it has real-life examples of various Harvard graduates who have chosen the path of business ownership. These individuals have shared their success stories as well as anecdotes of their failures to help the readers understand the nuances of leadership. It is one of the most inspiring books that doles out valuable content for passionate individuals.

3. Good to Great by Jim Collins

A business owner who wants to develop his venture into a flourishing entity must read ‘Good to Great. It is a treasure trove of information for entrepreneurs as it talks about what they need to succeed. A few lessons that often resonate with readers include the explanation of true leadership. He states that the greatest leaders are always humble and work towards the greater good rather than looking for personal gains.

Another significant takeaway from the book is that he emphasises hiring the right talent. Other lessons that make you read through the book with rapt attention are cultivating a culture of discipline and adopting the latest technology to move ahead. It is a must-read if you wish to become successful as the CEO.

4. How to Win Friends and Influence People by Dale Carnegie

It may appear dated since it was first published in 1937, but it is still in circulation because of the brilliant advice it offers. The renowned entrepreneur Warren Buffet was influenced by the book, and it has inspired legions of business leaders over the years. It helps individuals to develop traits that make them likeable and influential, characteristics that are highly needed by an entrepreneur.

Some of the valuable pieces of wisdom detailed in the book include being empathetic, encouraging others, owning up to your mistakes, respecting others, being friendly and smiling often. Although we are aware of these attributes of friendly people, we often forget to imbibe these qualities. So read the book to network with like-minded people, business associates, clients, vendors, suppliers, and investors.

5. The Lean Startup by Eric Ries

The art of building a strong business cannot be learnt without entering a storm with currents. However, if you have studied the ‘Lean Startup’, you will be equipped to pull through the choppy waters with ease. According to Eric Ries, it is important to test the product intensively before investing too much in it. He also emphasises conducting customer research to understand buying behaviour.

Ries states that the entrepreneur should adjust his business plan on the basis of his learnings and must adopt the latest methodologies to manage finances efficiently. He further elaborates on working on actionable metrics rather than superfluous ones. The book has several insightful details that will get you ready for the entrepreneurial journey.

6. Thinking, Fast and Slow by Daniel Kahneman

Another bestseller, ‘Thinking, Fast and Slow’ has been written by Nobel Prize winner Daniel Kahneman. In the book, he states that all of us have two ways of thinking, system 1 and 2. While system 1 is dependent on intuition, system 2 is dependent on logical thinking. He also talks about overconfidence and how it affects our decisions by making us biased.

Thus, we sometimes pay too much attention to a project or do not take risks due to overconfidence. It illustrates that thinking fast can work in some situations and thinking slow can help in making long-term financial decisions.

7. The 4-Hour Workweek by Timothy Ferriss

The most significant lesson offered by this book is that we must live to learn now without giving excuses about our current circumstances. The author also states that the end goal of the entrepreneur should not be having more money in the bank. Instead, we should focus on fulfilling our desires. Ferris further advocates reducing time spent on social media and checking emails as it helps in freeing up a lot of time and makes us more agile.

He stresses staying away from negative information and delegating work to create a less stressful environment that treats each worker equally. It basically talks about time management for entrepreneurs who often find themselves neck-deep in work and enjoy work/life balance.

Conclusion

A reader today is a leader tomorrow! Reading is one of the best ways to know about entrepreneurship through the teachings of others. If you plan to buy a business for sale in Australia, you must read the entrepreneur books mentioned above to make a name for yourself in the industry.

Author Info
Lucas Nguyen

Lucas Nguyen is an immigration expert with loads of experience of working in public sector and as an in-house lawyer. Lucas graduated with a Bachelor of Law and Master of Law in Global Business Law from La Trobe University. His sole aim is to provide best legal services, to his clients, on complex Australian Immigration Laws and commercial transactions. His association with Business2Sell is not new, and we welcome him as our guest author.

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