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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 December 13, 2019

7 Steps For Making a New Year’s Resolution and Keeping It

7 Steps For Making a New Year’s Resolution and Keeping It

Are you keen to reinvent yourself this year? Or at least use the new year as a long overdue excuse to get rid of bad habits or pick up new ones?

Yes, it’s that time of year again. The time of year when we feel as if we have to turn over a new leaf. The time when we misguidedly imagine that the arrival of a new year will magically provide the catalyst, motivation and persistence we need to reinvent ourselves.

Traditionally, New Year’s Day is styled as the ideal time to kick start a new phase in your life and the time when you must make your all important new year’s resolution. Unfortunately, the beginning of the year is also one of the worst times to make a major change in your habits because it’s often a relatively stressful time, right in the middle of the party and vacation season.

Don’t set yourself up for failure this year by vowing to make huge changes that will be hard to keep. Instead follow these seven steps for successfully making a new year’s resolution you can stick to for good.

1. Just Pick One Thing

If you want to change your life or your lifestyle don’t try to change the whole thing at once. It won’t work. Instead pick one area of your life to change to begin with.

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Make it something concrete so you know exactly what change you’re planning to make. If you’re successful with the first change you can go ahead and make another change after a month or so. By making small changes one after the other, you still have the chance to be a whole new you at the end of the year and it’s a much more realistic way of doing it.

Don’t pick a New Year’s resolution that’s bound to fail either, like running a marathon if you’re 40lbs overweight and get out of breath walking upstairs. If that’s the case resolve to walk every day. When you’ve got that habit down pat you can graduate to running in short bursts, constant running by March or April and a marathon at the end of the year. What’s the one habit you most want to change?

2. Plan Ahead

To ensure success you need to research the change you’re making and plan ahead so you have the resources available when you need them. Here are a few things you should do to prepare and get all the systems in place ready to make your change.

Read up on it – Go to the library and get books on the subject. Whether it’s quitting smoking, taking up running or yoga or becoming vegan there are books to help you prepare for it. Or use the Internet. If you do enough research you should even be looking forward to making the change.

Plan for success – Get everything ready so things will run smoothly. If you’re taking up running make sure you have the trainers, clothes, hat, glasses, ipod loaded with energetic sounds at the ready. Then there can be no excuses.

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3. Anticipate Problems

There will be problems so make a list of what they’ll be. If you think about it, you’ll be able to anticipate problems at certain times of the day, with specific people or in special situations. Once you’ve identified the times that will probably be hard work out ways to cope with them when they inevitably crop up.

4. Pick a Start Date

You don’t have to make these changes on New Year’s Day. That’s the conventional wisdom, but if you truly want to make changes then pick a day when you know you’ll be well-rested, enthusiastic and surrounded by positive people. I’ll be waiting until my kids go back to school in February.

Sometimes picking a date doesn’t work. It’s better to wait until your whole mind and body are fully ready to take on the challenge. You’ll know when it is when the time comes.

5. Go for It

On the big day go for it 100%. Make a commitment and write it down on a card. You just need one short phrase you can carry in your wallet. Or keep it in your car, by your bed and on your bathroom mirror too for an extra dose of positive reinforcement.

Your commitment card will say something like:

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  • I enjoy a clean, smoke-free life.
  • I stay calm and in control even under times of stress.
  • I’m committed to learning how to run my own business.
  • I meditate daily.

6. Accept Failure

If you do fail and sneak a cigarette, miss a walk or shout at the kids one morning don’t hate yourself for it. Make a note of the triggers that caused this set back and vow to learn a lesson from them.

If you know that alcohol makes you crave cigarettes and oversleep the next day cut back on it. If you know the morning rush before school makes you shout then get up earlier or prepare things the night before to make it easier on you.

Perseverance is the key to success. Try again, keep trying and you will succeed.

7. Plan Rewards

Small rewards are great encouragement to keep you going during the hardest first days. After that you can probably reward yourself once a week with a magazine, a long-distance call to a supportive friend, a siesta, a trip to the movies or whatever makes you tick.

Later you can change the rewards to monthly and then at the end of the year you can pick an anniversary reward. Something that you’ll look forward to. You deserve it and you’ll have earned it.

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Whatever your plans and goals are for this year, I’d do wish you luck with them but remember, it’s your life and you make your own luck.

Decide what you want to do this year, plan how to get it and go for it. I’ll definitely be cheering you on.

Are you planning to make a New Year’s resolution? What is it and is it something you’ve tried to do before or something new? Why not pick one from this list: 50 New Year’s Resolution Ideas And How To Achieve Each Of Them

Featured photo credit: Ian Schneider via unsplash.com

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