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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 November 12, 2020

15 Reasons Why You Can’t Achieve Your Goals

15 Reasons Why You Can’t Achieve Your Goals

The truth about many of our failed goals is that we haven’t achieved them because we didn’t know how to set and accomplish goals effectively, rather than having not had enough willpower, determination, or fortitude. There are strings of mistakes standing in our way of accomplished goals. Fortunately for us, we don’t have to fall victim to these mistakes for 2015. There are many common mistakes we make with setting goals, but there are also surefire ways to fix them too.

Goal Setting

1. You make your goals too vague.

Instead of having a vague goal of “going to the gym,” make your goals specific—something like, “run a mile around the indoor track each morning.”

2. You have no way of knowing where you are with your goals.

It’s hard to recognize where you are at reaching your goal if you have no way of measuring where you are with it. Instead, make your goal measurable with questions such as, “how much?” or “how many?” This way, you always know where you stand with your goals.

3. You make your goals impossible to reach.

If it’s impossible of reaching, you’re simply not going to reach for it. Sometimes, our past behavior can predict our future behavior, which means if you have no sign of changing a behavior within a week, don’t set a goal that wants to accomplish that. While you can do many things you set your mind to, it’ll be much easier if you realize your capabilities, and judge your goals from there.

4. You only list your long-term goals.

Long-term goals tend to fizzle out because we’re stuck on the larger view rather than what we need to accomplish in the here and now to get there. Instead, list out all the short-term goals involved with your long-term goal. For instance, if you want to seek a publisher for a book you’ve written, your short-term goals might involve your marketing your writing and writing for more magazines in order to accomplished your goal of publishing. By listing out the short-term goals involved with your long-term goal, you’ll focus more on doing what’s in front of you.

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5. You write your goals as negative statements.

It’s hard to reach a goal that’s worded as, “don’t fall into this stupid trap.” That’s not inspiring, and when you’re first starting out, you need inspiration to stay committed to your goal. Instead, make your goals positive statements, such as, “Be a friend who says yes more” rather than, “Stop being an idiot to your friends.”

6. You leave your goals in your head.

Don’t keep your goals stuck in your head. Write them down somewhere and keep them visible. It’s a way making your goals real and holding yourself accountable for achieving them.

Achieving Goals

7. You only focus on achieving one goal at a time, and you struggle each time.

In order to keep achieving your goals, one right after the others, you need to build the healthy habits to do so. For instance, if you want to write a book, developing a habit of writing each morning. If you want to lose weight and eventually run a marathon, develop a habit of running each morning. Focus on buildign habits, and your other goals in the future will come easier.

Studies show that it takes about 66 days on average to change or develop a habit.[1] If you focus on forming one habit every 66 days, that’ll get you closer to accomplishing your goals, and you’ll also build the capability to achieve more and more goals later on with the help of your newly formed habits.

8. You live in an environment that doesn’t support your goals.

Gary Keller and Jay Papasan in their book, The One Thing, state that environments are made up of people and places. They state that these two factors must line up to support your goals. Otherwise, they would cause friction to your goals. So make sure the people who surround you and your location both add something to your goals rather than take away from them.

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9. You get stuck on the end result with your goals.

James Clear brilliantly suggests that our focus should be on the systems we implement to reach our goals rather than the actual end result. For instance, if you’re trying to be healthier with your diet, focus more on sticking to your diet plan rather than on your desired end result. It’ll keep you more concentrated on what’s right in front of you rather than what’s up in the sky.

Keeping Motivated

10. You get discouraged with your mess-ups.

When I wake up each morning, I focus all my effort in building a small-win for myself. Why? Because we need confidence and momentum if we want to keep plowing through the obstacles of accomplishing our goals. Starting my day with small wins helps me forget what mess-ups I had yesterday, and be able to reset.

Your win can be as small as getting out of bed to writing a paragraph in your book. Whatever the case may be, highlight the victories when they come along, and don’t pay much attention to whatever mess-ups happened yesterday.

11. You downplay your wins.

When a win comes along, don’t downplay it or be too humble about it. Instead, make it a big deal. Celebrate each time you get closer to your goal with either a party or quality time doing what you love.

12. You get discouraged by all the work you have to do for your goals.

What happens when you focus on everything that’s in front of you is that you can lose sight of the big picture—what you’re actually doing this for and why you want to achieve it. By learning how to filter the big picture through your every day small goals, you’ll be able to keep your motivation for the long haul. Never let go of the big picture.

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13. You waste your downtime.

When I take a break, I usually fill my downtime with activities that further me toward my goals. For instance, I listen to podcasts about writing or entrepreneurship during my lunch times. This keeps my mind focused on the goal, and also utilizes my downtime with motivation to keep trying for my goals.

Wondering what you can do during your downtime? Here’re 20 Productive Ways to Use the Time.

14. You have no system of accountability.

If you announce your goal publicly, or promise to offer something to people, those people suddenly depend on your accomplishment. They are suddenly concerned for your goals, and help make sure you achieve them. Don’t see this as a burden. Instead, use it to fuel your hard work. Have people depend on you and you’ll be motivated to not let them down.

15. You fall victim to all your negative behaviors you’re trying to avoid with your goals.

Instead of making a “to-do” list, make a list of all the behaviors, patterns, and thinking you need to avoid if you ever want to reach your goal. For instance, you might want to chart down, “avoid Netflix” or “don’t think negatively about my capability.” By doing this, you’ll have a visible reminder of all the behavior you need to avoid in order to accomplish your goals. But make sure you balance this list out with your goals listed as positive statements.

How To Stop Failing Your Goal?

If you want to stop failing your goal and finally reach it, don’t miss these actionable tips explained by Jade in this episode of The Lifehack Show:

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Bottom Line

Overcoming our mistakes is the first step to building healthy systems for our goals. If you find one of these cogs jamming the gears to your goal-setting system, I hope you follow these solutions to keep your system healthy and able to churn out more goals.

Make this year where you finally achieve what you’ve only dreamed of.

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Featured photo credit: NORTHFOLK via unsplash.com

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