Advertising
Advertising

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.

Advertising

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.

Advertising

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.

Advertising

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?”.

Advertising

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

More by this author

http://stokpic.com/ 15 Books Every Entrepreneur Should Read Ahead Of 2016 4 Top Tips for Creating an Extraordinary Bucket List 5 Ways To Increase Your Productivity

Trending in Productivity

1 How to Stop Information Overload 2 7 Natural Memory Boosters That Actually Work for All Ages 3 How to Improve Your Memory: 7 Natural (And Highly Effective) Ways 4 11 Tactics on Increasing Brain Power, Memory, and Motivation 5 How to Use More of Your Brain to Become More Productive and Happy

Read Next

Advertising
Advertising
Advertising

Last Updated on February 21, 2019

How to Stop Information Overload

How to Stop Information Overload

Information overload is a creature that has been growing on the Internet’s back since its beginnings. The bigger the Internet gets, the more information there is. The more quality information we see, the more we want to consume it. The more we want to consume it, the more overloaded we feel.

This has to stop somewhere. And it can.

As the year comes to a close, there’s no time like the present to make the overloading stop.

But before I explain exactly what I mean, let’s discuss information overload in general.

How Serious Is Information Overload?

The sole fact that there’s more and more information published online every single day is not the actual problem. Only the quality information becomes the problem.

This sounds kind of strange…but bear with me.

When we see some half-baked blog posts we don’t even consider reading, we just skip to the next thing. But when we see something truly interesting — maybe even epic — we want to consume it.

We even feel like we have to consume it. And that’s the real problem.

No matter what topic we’re interested in, there are always hundreds of quality blogs publishing entries every single day (or every other day). Not to mention all the forums, message boards, social news sites, and so on.

Advertising

The amount of epic content on the Internet these days is so big that it’s virtually impossible for us to digest it all. But we try anyway.

That’s when we feel overloaded. If you’re not careful, one day you’ll find yourself reading the 15th blog post in a row on some nice WordPress tweaking techniques because you feel that for some reason, “you need to know this.”

Information overload is a plague. There’s no vaccine, there’s no cure. The only thing you have is self-control.

Luckily, you’re not on your own. There are some tips you can follow to protect yourself from information overload and, ultimately, fight it.

But first, admit that information overload is really bad for you.

Why Information Overload Is Bad for You

Information overload stops you from taking action. That’s the biggest problem here.

When you try to consume more and more information every day, you start to notice that even though you’ve been reading tons of articles, watching tons of videos and listening to tons of podcasts, the stream of incoming information seems to be infinite.

Therefore, you convince yourself that you need to be on a constant lookout for new information if you want to be able to accomplish anything in your life, work and/or passion. The final result is that you are consuming way too much information, and taking way too little action because you don’t have enough time for it.

The belief that you need to be on this constant lookout for information is just not true.

Advertising

You don’t need every piece of advice possible to live your life, do your work or enjoy your passion.

How to Stop Information Overload (And Start to Achieve More)

So how to recognize the portion of information that you really need? Start with setting goals.

1. Set Your Goals

If you don’t have your goals put in place, you’ll be just running around grabbing every possible advice and thinking that it’s “just what you’ve been looking for.”

Setting goals is a much more profound task than just a way to get rid of information overload. Now by “goals” I don’t mean things like “get rich, have kids, and live a good life”. I mean something much more within your immediate grasp. Something that can be achieved in the near future — like within a month (or a year) at most.

Basically, something that you want to attract to your life, and you already have some plan on how you’re going to make it happen. So no hopes and dreams, just actionable, precise goals.

Then once you have your goals, they become a set of strategies and tactics you need to act upon.

2. Know What to Skip When Facing New Information

Once you have your goals, plans, strategies and tasks, you can use them to decide what information is really crucial.

First of all, if the information you’re about to read has nothing to do with your current goals and plans, then skip it. You don’t need it.

If it does, then ask yourself these questions:

Advertising

  • Will you be able to put this information into action immediately?
  • Does it have the potential to maybe alter your nearest actions/tasks?
  • Is it so incredible that you absolutely need to take action on it right away?

If the information is not actionable in a day or two, then skip it.

(You’ll forget about it anyway.)

And that’s basically it. Digest only what can be used immediately. If you have a task that you need to do, consume only the information necessary for getting this one task done, nothing more.

You need to be focused in order to have clear judgment, and be able to decide whether some piece of information is mandatory or redundant.

Self-control comes handy too. It’s quite easy to convince yourself that you really need something just because of poor self-control. Try to fight this temptation, and be as ruthless about it as possible – if the information is not matching your goals and plans, and you can’t take action on it in the near future, then SKIP IT.

3. Be Aware of the Minimal Effective Dose

There’s a thing called the MED – Minimal Effective Dose. I was first introduced to this idea by Tim Ferriss. In his book The 4-Hour BodyTim illustrates the minimal effective dose by talking about medical drugs.

Everybody knows that every pill has a MED, and after that specific dose, no other positive effects occur, only some negative side effects if you overdose big.

Consuming information is somewhat similar. You need just a precise amount of it to help you to achieve your goals and put your plans into life.

Everything more than that amount won’t improve your results any further. And if you try to consume too much of it, it will eventually stop you from taking any action altogether.

Advertising

4. Don’t Procrastinate by Consuming More Information

Probably one of the most common causes of consuming ridiculous amounts of information is the need to procrastinate. By reading yet another article, we often feel that we are indeed working, and that we’re doing something good – we’re learning, which in result will make us a more complete and educated person.

This is just self-deception. The truth is we’re simply procrastinating. We don’t feel like doing what really needs to be done – the important stuff – so instead we find something else, and convince ourselves that “that thing” is equally important. Which is just not true.

Don’t consume information just for the sake of it. It gets you nowhere.

The focus of this article is not on how to stop procrastinating, but if you’re having such issue, I recommend you read this:

Procrastination – A Step-By-Step Guide to Stop Procrastinating

Summing It Up

As you can see, information overload can be a real problem and it can have a sever impact on your productivity and overall performance.

I know I have had my share of problems with it (and probably still have from time to time). But creating this simple set of rules helps me to fight it, and to keep my lizard brain from taking over.

I hope it helps you too, especially as we head into a new year with a new chance at setting ourselves up for success.

More Resources About Boosting Brain Power

Featured photo credit: Pexels via pexels.com

Read Next