Books That All Small Business Owners Should Read

Published on: December 28, 2023
Last Updated: December 28, 2023

Books That All Small Business Owners Should Read

Published on: December 28, 2023
Last Updated: December 28, 2023

Running a small business may leave little time for reading. However, it’s worth setting aside a few minutes for these best small business books.

Add one to your to-do list. Successful entrepreneurs emphasize the importance of learning from others’ successes and mistakes.

These books have been highly regarded across industries and business stages. They offer valuable insights for small business owners.

What Books Do Successful Entrepreneurs Read?

Do business owners read books? We can confidently answer yes. The main adherents of reading:

  • Bill Gates
  • Mark Zuckerberg
  • Richard Branson
  • Elon Musk
  • Jeff Bezos
  • Warren Buffett
  • Steve Jobs
  • Pavel Durova

All of these people run billion-dollar companies and know the value of reading.

This does not mean that they necessarily read paper books and take them with them, because some of them read 1 book a week.

There are apps to read books, like FictionMe, that offer a library of books that you can’t take with you in printed form.

With FictionMe, because it is a novel app with personalization features, an extensive library, and access to new releases.

#1 Tools Of Titans By Tim Ferriss

Want to discover the strategies and techniques utilized by successful individuals to reach their goals?

What Books Do Successful Entrepreneurs Read

Look no further than Tools of Titans, Tim Ferriss’ comprehensive compilation of interviews with over 100 accomplished individuals from diverse backgrounds.

In this 673-page book, you’ll find personal productivity advice and valuable insights about their careers.

Tools of Titans is organized into three sections: Healthy, Wealthy, and Wise, with Ferriss himself sharing his tips, routines, and habits between interviews.

#2 The Lean Startup By Eric Ries

Any entrepreneur must take the time to read it. The Lean Startup delves into the art of building a business and underscores the significance of customer development.

Additionally, it challenges the notion that startups are entirely novel enterprises; rather, they are existing businesses navigating a temporary period of extreme uncertainty.

#3 Start With Why By Simon Sinek

Simon Sinek’s book, Start With Why, encapsulates the idea that good leadership goes beyond mere instruction; it is about motivating people to willingly take action.

Leaders and organizations that effectively communicate their beliefs draw us in, making us feel a sense of belonging, security, and support, ultimately inspiring us.

Start With Why eloquently articulates this theory, surpassing any other book I’ve come across.

Whether you’re defining your target audience or conveying your business strategy to your team, your communication style as a leader carries tremendous influence, determining whether your words will inspire or be disregarded.

#4 Influence: The Psychology of Persuasion by Dr. Robert Cialdini

People wonder what makes them say yes. Wouldn’t it be easier to sell to customers if we knew the answer?

Dr. Robert Cialdini’s book Influence, a modern classic, has been a valuable resource for small business owners and marketers for over 30 years.

The book teaches the six universal principles of persuasion, offers insights on how to influence customer behavior using these principles, and provides strategies to protect oneself from subconscious persuasion.

#5 Mindset: The New Psychology of Success by Dr. Carol Dweck

Do you consider yourself satisfied with your current skills or averse to change?

Mindset The New Psychology of Success by Dr. Carol Dweck

Do you believe that your business is confined to its current trajectory and incapable of succeeding if you were to explore alternative approaches?

If this resonates with you, you’ll be pleased to discover that you possess the ability to reshape such perceptions.

Dr. Carol Dweck, a distinguished professor at Stanford, has dedicated decades to pioneering research on mindset.

Through her studies, she asserts that our behavior is governed by our mindset. It is our internal perspective on ourselves and the world that shapes our actions.

#6 Built To Last by Jim Collins and Jerry Porras

Jim Collins and Jerry Porras authored this book, which delves into their six-year research project.

This project scrutinizes eighteen exceptional and enduring companies, examining the qualities and choices that propelled their success.

A strong inner core, adaptability, and a readiness for change emerge as the only truly reliable sources of stability in this context.

#7 The Effective Executive by Peter F. Drucker

Do you describe your managerial style as “effective”? If not, or if you’re unsure, you should read Peter Drucker’s 1967 classic, The Effective Executive.

To excel as a leader, executives must determine how to accomplish the most important tasks. According to Drucker, effective executives possess exceptional time management skills.

They work productively by delegating tasks to the most capable individuals. They prioritize and make informed decisions at the appropriate moments.

If this doesn’t align with your managerial style, don’t worry—Drucker asserts that effectiveness can be acquired through learning. Get your hands on this timeless management book to discover how.

#8 Think And Grow Rich By Napoleon Hill

Think and Grow Rich is a timeless masterpiece that has empowered countless individuals to achieve unprecedented success.

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Napoleon Hill wrote this book in the early 1900s after conducting extensive interviews with numerous accomplished individuals.

His objective was to comprehend their winning formula and share it widely so that others could also attain prosperity.

Consequently, this book has earned the distinction of being one of the highest-grossing bestsellers in history!

#9 Profit First By Mike Michalowicz

Michalowicz presents Profit First as an alternative cash flow management method in his book.

He discusses his Profit First system, which aims to assist small businesses in overcoming financial struggles.

Through practical advice, case studies, and entrepreneurial insights, Michalowicz provides a step-by-step guide on implementing the Profit First formula (Sales-Profit=Expenses).

He emphasizes that this system promotes innovation, supports growth, and maximizes profits, particularly for small businesses using a behavioral approach to accounting.

#10 The Execution Factor By Kim Perell

Perell, an internationally recognized startup entrepreneur and angel investor, shares her personal journey and proven program for achieving success in “The Execution Factor”.

She emphasizes the crucial role of execution in determining success, surpassing the significance of a brilliant idea, advanced degree, or high IQ.

“The Execution Factor” outlines five key traits that successful individuals possess to accomplish their dreams and goals effectively.

Perell employs a coaching style to guide readers in embracing and mastering these traits – vision, passion, action, resilience, and relationships.

Conclusion

It seems to many of us that we live in a unique time and a period of unique choices and decisions. Reading makes it clear that many generations have already gone through all this.

Yes, the subtleties may differ, but the concept is the same. You can still integrate advice from the wise men of Babylon into your IT startups.

You don’t even get advice so much as you expand your vision and understanding. This is where progress comes from, and the development of the business depends on the development of the business owner.

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Written by Allison Langstone

Allison produces content for a business SAAS but also contributes to EarthWeb frequently, using her knowledge of both business and technology to bring a unique angle to the site.