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15 Books Every Entrepreneur Should Read Ahead Of 2016

15 Books Every Entrepreneur Should Read Ahead Of 2016

I’m a great believer that in order to further develop one’s self, you need to first expand your knowledge base. This could be in many different ways, but reading (or listening to audiobooks) is the best way for me to learn new topics or further develop existing ones.

In order to be successful in life and in business, you need to gain a good understanding of what could go wrong and why, as well as understanding human behavior and so on. With this in mind, I’ve comprised my list of the top 15 books I feel every entrepreneur should read ahead of 2016.

1. Rich Dad, Poor Dad by Robert T. Kiyosaki

Rich Dad, Poor Day is a key differentiation between gaining the right and wrong kinds of education that can turn you into a successful entrepreneur or just another pawn in the rat race. Understanding and building the right kind of skills can get you set on the right path on the journey of entrepreneurship. This book really helped me to understand the concept of money and how it should be spent. It also forced me to question my belief systems and start to build a richer mindset.

2. The Lean Startup by Eric Ries

For me, this book breaks down the walls and details how entrepreneurs of the 21st century are using constant improvements and innovation to build totally new successful business ideas. Following previous models is no longer viable, and this book is a great read for any entrepreneur wanting to form a new startup.

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3. The 4 Hour Workweek by Tim Ferriss

This book really changed the game for me. Although it can be difficult to get into at times, the principles are vital for anybody wanting to spend more time living and less time in the office. One of my first business ventures was formed around a drop shipping business model, as detailed in sections of this book. Had I read this at the time then maybe I would have been a little bit more knowledgeable within this area. Overall, the topics covered in this book are key for every entrepreneur to understand and develop.

4. The Power of Habit by Charles Duhigg

This book really looks into the reasons why we do what we do and how we can change and form new habits. Through investigation of root causes, the author is able to break down the basics of human behaviour. This is vital for every entrepreneur to form new habits and ideas.

5. The $100 Start-Up by Chris Guillebeau

Do you really need a 9-5? This of one of the many questions this book makes you ask yourself. For me, this book really makes me reconsider why I want to build my own business and what it truly takes to be successful and happy. For every entrepreneur wanting to chase money, this is a great book to gain some grounding, get to know the fundamentals, and build a business.

6. Think and Grow Rich by Napoleon Hill

Although this book was written in 1937, the values are still extremely powerful today. As far as self-help books go, this one really helps you to break away from the broke/poor mindset and start building a much richer mindset. The philosophy taught in this book can be applied in several different lines of work. It is a key read, in my eyes, for everyone — entrepreneur or not.

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7. The Undercover Economist by Tim Harford

From basic economics to business fundamentals, this book takes you through it all. Through investigating the root causes of the relationship between prices and profits, the author is able to explain, in simple terms, the reasons behind high prices in certain areas of the world. Although there are several apposing books out there, I feel this is a great introduction to economics for any entrepreneur.

8. The E-Myth Revisited by Michael E. Gerber

As stated on the book’s cover, this is the definition of why most small businesses don’t work and what to do about it. By looking at assumptions, the author is able to explain why an individual who understands the technical work of a business is not necessarily going to be successful at running that business, and the myth that most people who start small businesses are entrepreneurs.

9. Rework by David Heinemeier Hansson and Jason Fried

This book is a refreshing break from the typical business book as we dive into the tools required to start any business. Today, things are far simpler and far cheaper than in previous years, and this book really helps to break down the simplicity of building and running a business in today’s business environment. Described as “the average man’s playbook for business,” this book is great for any entrepreneur wanting to embark on an expedition into the world of business.

10. The Millionaire Fastlane by M. J. DeMarco

This book really set itself apart from other books of its genre. By focusing on the route causes of wealth, we are able to drill down into the right information and weed out the not-so-good stuff. The title gives this book no justice, but what’s included does. This is no happy-go-lucky book that focuses on your dreams and goals. Instead, this book focuses on action and the steps towards where you want to be. It encourages you to stop doing anything that isn’t a passion and to focus on the things you enjoy. It’s a great read for anyone wanting to ride the road towards prosperity.

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11. The Compound Effect by Darren Hardy

This book is very motivational compared to other books of its kind and really helps you to understand the principles of improving your life. As far as self-help books go, this one is up there at the top of the must-reads. The author goes on to explain what the compound affect is and how simple and small decisions can have positive results if guided correctly, along with how minor issues can compound towards becoming something far more major. I feel this book is key for every entrepreneur to understand the causes and effects of every action.

12. The Innovator’s Dilemma by Clayton M. Christensen

From great ideas to even bigger failures, this book looks directly at the points that cause any new technology, and business, to fail. This book explains why looking for answers in the wrong areas can backfire on any business model. For me, the topics covered are key for every entrepreneur to learn and look out for.

13. The 80/20 Principle by Richard Koch

This book really dives into the concepts of more for less and how to best utilize the skills of time management. Based on the counter-intuitive fact that 80% of results flow from 20% of causes, it is the guiding principle of highly effective people and organizations.

14. Start With Why by Simon Sinek

From investigating what products people buy to what airlines they fly with, the author explains why people follow ideas and the psychology behind it. This book is a great benchmark for every entrepreneur as it constantly asks the question of “why?”.

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15. How to Win Friends & Influence People by Dale Carnegie

Although this book was first published in 1936, the merits that can be learnt still stand today. Much like the old saying “You catch more flies with honey than you do vinegar,” this book leans you towards changing your behaviour and radiating the right kind of positive energy to win others over to your way of thinking. This is key for every entrepreneur to learn and will eventually breathe success into your life.

If you have any other books you have read and feel would be of benefit to anyone reading this post, please comment below. Also, if you disagree, please feel free to express your thoughts below.

Find more like this at www.williamstokes.co.uk.

Featured photo credit: Bookshelf-filled-with-colorful-books via stokpic.com

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Last Updated on October 16, 2019

Invaluable Lessons You Can Learn From Your Mistakes

Invaluable Lessons You Can Learn From Your Mistakes

Do you like making mistakes?

I certainly don’t.

Making mistakes is inevitable. Wouldn’t it be wonderful if we could be at ease with them?

Perhaps there is a way to think of them differently and see their benefits.

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Why Mistakes Feel Dangerous

Mistakes often feel dangerous. Throughout human history, our errors have often been treated as dangerous for a variety of reasons:

  • Our vulnerability. We have limited and fragile support systems. When those systems fail, people often lose their lives.
  • Real dangers. Nature can be dangerous, and making mistakes can put us at the mercy of nature and its animal residents seeking a meal.
  • Ignorance. Many cultures scapegoats someone whenever there is a failure of some kind. Scapegoating can be serious and deadly.
  • Order. Many societies punish those who do not conform to the prevailing orthodoxy and treat difference and non-conformity as a mistake. Even our brains flash an error message whenever we go against prevailing social norms.

We have a history of handling mistakes and failure in an unpleasant way. Since each of us carries our human history with us, it can be a challenge to overcome the fear of making mistakes.

If we can embrace the reality of mistakes, we can free ourselves to be more creative in our lives and dig up some interesting insights.

Why We Can’t Avoid Making Mistakes

Many people operate under the notion that making mistakes is an aberration, a mistake if you will. You can call it perfectionism but it is a more substantial problem. It is really a demand for order and continuity.

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When we think we can eliminate mistakes, we are often working from a perspective that sees the world as a fixed place. The world, however, is not so obliging. Like it or not, the world, and everything in it, is constantly changing.

Change is more constant and pervasive than we can see with our own eyes which is why we often miss it. Our bodies are constantly changing. The natural conditions of the earth change constantly as well. Everything, including economic and cultural systems have life cycles. Everything is in a constant state of flux.

We cannot see all of the changes going on around us since rates of change vary. Unfortunately, when we try to create a feeling of certainty and solidity in our lives or operate from the illusion of stability and order, we are fighting reality and our natural evolution which is built on adapting to change.

It is better to continually bend into this reality rather than fight every change we experience. Fighting it can cause us to make more mistakes. Finding the benefits in change can be useful and help us minimize unnecessary mistakes.

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Lessons Learned from Making Mistakes

Life has so many uncertainties and variables that mistakes are inevitable. Fortunately, there are many things you can learn from making mistakes.

Here is a list of ways to harness the mistakes you make for your benefit.

  1. Point us to something we did not know.
  2. Reveal a nuance we missed.
  3. Deepen our knowledge.
  4. Tell us something about our skill levels.
  5. Help us see what matters and what does not.
  6. Inform us more about our values.
  7. Teach us more about others.
  8. Let us recognize changing circumstances.
  9. Show us when someone else has changed.
  10. Keep us connected to what works and what doesn’t work.
  11. Remind us of our humanity.
  12. Spur us to want to better work which helps us all.
  13. Promote compassion for ourselves and others.
  14. Teach us to value forgiveness.
  15. Help us to pace ourselves better.
  16. Invite us to better choices.
  17. Can teach us how to experiment.
  18. Can reveal a new insight.
  19. Can suggest new options we had not considered.
  20. Can serve as a warning.
  21. Show us hidden fault lines in our lives which can lead us to more productive arrangements.
  22. Point out structural problems in our lives.
  23. Prompt us to learn more about ourselves.
  24. Remind us how we are like others.
  25. Make us more humble.
  26. Help us rectify injustices in our lives.
  27. Show us where to create more balance in our lives.
  28. Tell us when the time to move on has occurred.
  29. Reveal where our passion is and where it is not.
  30. Expose our true feelings.
  31. Bring out problems in a relationship.
  32. Can be a red flag for our misjudgments.
  33. Point us in a more creative direction.
  34. Show us when we are not listening.
  35. Wake us up to our authentic selves.
  36. Can create distance with someone else.
  37. Slow us down when we need to.
  38. Can hasten change.
  39. Reveal our blind spots.
  40. Are the invisible made visible.

Reframe Reality to Handle Mistakes More Easily

The secret to handling mistakes is to:

  • Expect them as part of the process of growth and development.
  • Have an experimental mindset.
  • Think in evolutional rather than fixed terms.

When we accept change as the natural structure of the world, our vulnerability and humanness lets us work with the ebb and flow of life.

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When we recognize the inevitability of mistakes as part of the ongoing experiment which life is, then we can relax more. In doing so we may make fewer of them.

It also helps to keep in mind that trial and error is an organic natural way of living. It is how we have evolved over time. It is better to be with our natural evolution than to fight it and make life harder.

When we adopt an evolutional mindset and see ourselves as part of the ongoing human experiment, we can appreciate that all that has been built up over time which includes the many mistakes our ancestors have made over thousands of years. Each one of us today is a part of that human tradition of learning and experimenting,

Mistakes are part of the trial and error, experimental nature of life. The more you adopt the experimental, evolutional frame, the easier it becomes to handle mistakes.

Handling mistakes well can help you relax and enjoy all aspects of life more.

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Featured photo credit: Sarah Kilian via unsplash.com

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