10 Books To Use As Small Business Tools
Are you looking for small business tools or ideas for growing your revenues from entrepreneurs who’ve successfully run their own business? Are you thinking of starting up your own small business?
You’ve come to the right place! Here are our ten top book picks.
- 10 Habits of Highly Effective People by Stephen R. Covey
This is a great book from a very successful, internationally recognized author and business man. There is much to learn here if you want to achieve the elusive balance between personal and business effectiveness. Cover recommends that you begin with the ending in mind; a great business principle when you are starting your business, or planning to take it in a new direction.
There is a lot covered in this book regarding productivity, business structure and the mindset needed to succeed – not just in business, but life.
- Zero to One by Peter Thiel and Blake Masters
Peter Thiel is the founder of PayPal, Palantir, Thiel Fellows and Clarium Capital. He’s also a lead investor in Facebook, so he knows what he’s talking about. This book is based on the notes Blake Masters took at the class on startups that Thiel taught at Stanford University.
What does going from zero to one mean? When you do something familiar, you’re just adding more of the familiar, i.e., you go from 1 to n. Doing something new takes you from 0 to 1. Business startup 101!
- Crush It! By Gary Vaynerchuck
This book is for you if you’ve got a hobby or something that you’re good at that can be turned into a commercial opportunity. Here you learn how to create your own personal dynamic brand. Gary is a fast talker (see his many videos on YouTube) and the books style conveys this. Facts and case studies come at you in streams…stay with it, as there is great content here, if you are open to it.
Vaynerchuck is an acquired taste – stick with him, he will deliver!
- Virtual Freedom by Chris Ducker
This is a great book that shows you how you can affordably build yourself an effective team of virtual employees to help you run your business and provide you with vital support while freeing you up to do what you do best.
Why and how to hire virtual resources to leverage your efforts is covered along with how to manage your business around outsourced staff. Once set up, the structure put forward by Ducker will enable a small business to scale and grow at a rapid pace.
- The E-Myth Revisited by Michael E Gerber
This is the revised version of The E-Myth. Learn how to rid yourself of the assumptions you have that can hinder your business success. In the first book written by Gerber he introduced the concept of the technician running a business and how there was a missing dimension of expertise needed to make a business work…business management knowledge.
The technician knows the technical side of the business but lacks the knowledge to market, sell and grow the business.
The concept is brushed off and extended in this book, which we think is mandatory reading for small business owners. There also is also a link to a website and resources that are part of a coaching program.
- The Essays of warren Buffet by Warren Buffet
There’s nothing like learning from the man who knows business intimately. This is an easy to read book that explains business concepts clearly. There are principles and lessons that are critical to your success explained and laid out for you.
A little dry, but full of gold nuggets. Use this book as a reference and keep coming back to it.
- The Hard Thing About Hard Things by Ben Horowitz
This is the book that tells it like it is. It’s down to earth, no nonsense and practical. A great read for someone running his own small business. None of us like hard challenges, this book teaches us that is exactly what we need to experience to grow.
- Rich Dad Poor Dad by Robert Kiyosaki
A good book that teaches you solid principles on saving and investing your money. The concepts put forward are simple but have a profound impact on how you treat business and money. It covers what is an asset and what is a liability as well as how to invest your money to grow it.
The concept of assessing your level of business knowledge is conveyed via the Worker/Manager/Leader/Entrepreneur matrix. An easy read in a story told of two contrasting fathers approaches to life and business.
- Business Model Generation by Alexander Osterwalder and Yves Pigneur
A good book that gives you the framework of how business works. A business model made up of 9 components is discussed and detailed examples of what that looks like in a real business are offered. Osterwalder provides a Business Canvas template that you can use to map your own business model and detailed processes to improve it.
The majority of small business owners would benefit from reading this book and documenting just exactly what their business model looks like.
Well worth a read.
- Competition Demystified by Bruce Greenwald and Judd Kahn
Learn how to identify your competition, create a market niche and gain the advantage. Sorry to break it to you, but there are no fast, magic wand pathways to success. This book will challenge you to do the research and stack yourself up against your competition.
You will have your eyes opened if you follow through with the examples and put in the effort to complete the exercises. Your competition will thank you for it if you don’t!