Being an entrepreneur is all fun and games until you realize that you don’t have the necessary experience and knowledge to run and grow a business.
Even though there are different levels of expertise, you can still close that gap if you have the necessary resources.
The following top entrepreneur books will give you a head start and a competitive advantage in your entrepreneurship journey.
1. The 4-Hour Workweek by Timothy Ferriss
By now, you’ve probably heard of Tim Ferriss. Since he launched his new york times bestselling book; The 4hour work week, his name has been all over the place.
This book teaches you how to live more and work less. After you read this book, you’ll understand that you don’t have to wait until retirement to have the desired life. You can have that life today while earning your 5+ figure income.
The 4hour work week blueprint guides you on how to:
- Earn a 5 figure income every month while working for just 4hours
- Outsource great assistants and talent from overseas for just $5/hour to do whatever you want
- Eliminate 50% of your work in 2days while using the principles of a forgotten Italian economist
- Live your life to the fullest without compromising on your income
- Avoid the 30+year career that keeps you in a cubicle for all your energetic years
With the new updates of this book, there is a 4-Hour WorkWeek Blueprint that includes:
- Practical examples from readers who have doubled their income and improved their lives using the principles used in the original book
- Real-life templates to help with negotiations with clients and bosses
- How to have a lifestyle that is suited for unpredictable economic times
The book is updated to fit the current times and you will heavily benefit if you’re a new entrepreneur.
2. The E-Myth Revisited by Michael E. Gerber
With so many self-proclaimed business coaches these days, there’s a lot of information thrown out as truth. And it can be very confusing to sieve right from wrong.
Michael E. Gerber’s The E-Myth Revisited breaks down some of those entrepreneurial myths.
Each myth is broken down and Michael walks you through the real-life steps to having a successful business.
The E-Myth revisited book shows you the difference between working in your business and working on your business.
Some of the myths highlighted in the book are:
Myth 1: Everyone that starts a small business is an entrepreneur
Myth 2: If you understand the technical work of a business then you can successfully run that business
Besides the myths, the book guides you through the infant stage of a business, adolescent growing pains to the mature business stage. The book guides you on how to navigate each of these stages.
Side note: The book was voted top business book by 500 CEOs.
3. Crush It! by Gary Vaynerchuk
Crush it! is a motivational book that persuades a new entrepreneur or someone that wants to get into entrepreneurship to do what they’re passionate about.
In this book, Gary V illustrates the many reasons why you should stop waiting for passion to find you.
If you need that little extra push to follow your passion and create a business, this is your go-to book!
A few lessons from this book;
Lesson #1: Find opportunities in the online world
Even though you have a nice and well-paying job, you need to still be open to exploring other avenues of opportunity. For instance; you can explore opportunities like Instagram Marketing, Influencer Marketing, and coaching on different platforms like TikTok. As long as you are working for someone else, you’ll never really maximize your full potential.
Lesson #2: Find your passion and execute
If you don’t have a passion just yet, don’t sit and wait for it to miraculously appear. Do something, pursue your interest, and see how that goes. When you find that passion, work on it.
Lesson #3: Find Your Platform Online
Once you’ve identified your passion, you need to find a platform online to express yourself.
Fortunately, there’s an abundance of tools and content management systems nowadays that will help you kick off your online venture.
Lesson: #4 Patience Is The Secret Sauce To Success
You have to want it badly enough, yes, but you also have to be patient if you want to see your idea blossom.
Quite frustrating. I know. But even Gary didn’t succeed overnight. I took him around eighteen months to see some results in his first online venture – Winelibrarytv.com.
Lesson #5: Be Authentic. Be Yourself
So, no matter what you’re doing, you need to be yourself and to sound authentic as Gary Vaynerchuk says in the book: “The most important thing to remember is to be authentic, to be yourself.
That authenticity is what will give you your greatest chance of success.” To embrace your flaws and queerness. Embed them in your content, not avoid them.
4. Influence; The Psychology of Persuasion by Robert B. Cialdini
Influence; the psychology of persuasion is a worldwide bestseller for a reason. I would HIGHLY recommend this book to any new entrepreneur because it touches on one of the most critical keys of business; persuasion. Dr. Robert B. Cialdini explains the principles of why people say YES and how you can apply these principles in your life and business.
There are 6 principles in this book that will help new entrepreneurs up their persuasion and influence game.
Reciprocity: This is one of the basic principles of influence, it suggests that if you want to influence you have to simply give that which you want to receive.
Commitment and Consistency: The principle of consistency is based on the power of active and voluntary commitments, which results in an increase in trust.
Social Proof: When we are unsure, we look to similar others to provide us with the correct actions to take. The more people buy and vouch for you, the more likely other people will too.
Liking: People like those who like them or who they perceive as friends.
Authority: When you are perceived as an expert in an area, others will be more likely to defer to you. Why? Often because experts are able to offer a shortcut to good decisions.
Scarcity: We want more of what is less available or dwindling in availability. People value what is scarce. It’s just basic supply and demand. As things become more scarce, they become more valuable to others.
5. Building a Brand Story by Donald Miller
If you’re an entrepreneur in the creative space; writer, marketer, coach, or business owner in the digital space, I highly recommend this book.
Building a Story Brand brings light to a couple of ideas:
- The customer is the hero, not your brand.
- Your customers want a solution to an internal problem, not an external one
- Customers are looking for a guide and they want a guide that has a plan
- The customers don’t take action unless they are challenged to take action
- Don’t assume people understand how your brand change their lives, explain to them.
If you’re a new entrepreneur, I believe the above 5 books will get you through your first year of business.