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10 Books That Bill Gates Wants You to Read to Become as Successful as Him

10 Books That Bill Gates Wants You to Read to Become as Successful as Him

Ever heard the quote “learners are earners”? Bill Gates certainly has. He strives to read a book a week. No one is questioning his ability to earn! Luckily, you can follow his lead by following his blog, Gates Notes. He posts his thoughts on the books he reads so anyone can get into his mind and understand his views on success. Read on. Lead on.

1. Business Adventures by John Brooks

Business Adventures

    To have great success, it is important to understand why businesses are successful and why they fail. This book dives into the deep inner workings of why on both sides.

    What the publisher says about it: “From Wall Street to Main Street, John Brooks, longtime contributor to the New Yorker, brings to life in vivid fashion twelve classic and timeless tales of corporate and financial life in America.”

    What Bill Gates wrote about it:

    “Today, more than two decades after Warren lent it to me–and more than four decades after it was first published–Business Adventures remains the best business book I’ve ever read. John Brooks is still my favorite business writer.”

    Actually, this book was so important to Bill Gates that he made a short video about it. In it, he interviews Warren Buffet and other high-profile business leaders. Read Gates’ review and watch the video here.

    Buy the best business book Bill Gates has ever read.

    2. Tap Dancing to Work by Carol Loomis

    tap dancing to work

      It’s no secret that Bill Gates and Warren Buffett have a strong relationship. This book is a compilation of Buffett’s articles interwoven by his colleague and close friend, Carol Loomis. If you want to learn about the unfolding of great success, this one is for you.

      What the publisher says about it: “Warren Buffett built Berkshire Hathaway into something remarkable–and Fortune journalist Carol Loomis had a front-row seat for it all.”

      What Bill Gates wrote about it:

      “I think anyone who reads it cover to cover will come away with two reactions: First, how Warren’s been incredibly consistent in applying his vision and investment principles over the duration of his career; and, secondly, that his analysis and understanding of business and markets remains unparalleled.”

      Buy the book that gets inside the mind of Bill Gates’ mentor.

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      3. Life is What You Make It by Peter Buffett

      life is what you make it

        Peter Buffett has been successful in his life too, although not completely because of his wealthy, successful father. This book tells the story of a hard-working wealthy child, and what his father instilled in him to become successful in music and philanthropy. Bill Gates said he will be reading it with his older children. You don’t have to be the child of a wealthy man to get this wisdom and enjoy your path.

        What the publisher says about it: “From composer, musician, and philanthropist Peter Buffett comes a warm, wise, and inspirational book that asks, Which will you choose: the path of least resistance or the path of potentially greatest satisfaction?”

        What Bill Gates says about it:

        “Contrary to what many people might assume, Peter won’t inherit great wealth from his father. Instead, he was encouraged by his parents to find his own path. The book is a chronicle of that journey–and the wisdom and perceptions he has developed along the way.”

        Get the book that Bill Gates wants for his children.

        4. Awakening Joy by James Baraz

        https://www.amazon.com/dp/1937006220?tag=s7621-20

          Why do you want to be successful? Joy may be a reason. This book teaches you how to have joy while you are becoming successful.

          What the publisher says about it: “Awakening Joy is more than just another book about happiness. More than simply offering suggested strategies to change our behavior, it uses time-tested practices to train the mind to learn new ways of thinking.

          The principles of the course are universal, although much of the material includes Buddhist philosophy drawn from the author’s thirty years as a Buddhist meditation teacher and spiritual counselor.”

          What Bill Gates says about it:

          “Joy is not for just the lucky few–it’s a choice anyone can make. In this groundbreaking book, based on his popular course, James Baraz helps you discover a path to the happiness that’s right in front of you, offering a step-by-step program that will reorient your mind away from dissatisfaction and distraction and toward the contentment and delight that is abundantly available in our everyday lives.”

          Get the book so you can successfully have what Bill Gates has: joy.

          5. Where Good Ideas Come From by Steven Johnson

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          Where good ideas come from

            Being successful requires a certain amount of innovation. This buzzword does not spark a strong visual for many people. Where Good Ideas Come From defines what makes fertile ground for successful innovation.

            What the publisher says about the book: “The printing press, the pencil, the flush toilet, the battery–these are all great ideas. But where do they come from? What kind of environment breeds them? What sparks the flash of brilliance? How do we generate the breakthrough technologies that push forward our lives, our society, our culture? Steven Johnson’s answers are revelatory as he identifies the seven key patterns behind genuine innovation, and traces them across time and disciplines.”

            What Bill Gates wrote about it:

            “Especially for people in business or education, it’s a worthwhile book. It talks about the institutional structures that facilitate good ideas–how you get lots of people thinking about cutting edge problems, how you put people together in a space where different skill sets and influences can come together, how you make the right kinds of materials available but don’t force a conclusion.”

            Get the book that Bill Gates says successful educators and businesspeople need for great innovation.

            6. Moonwalking with Einstein by Joshua Foer

            Moonwalking with einstein

              You can’t be successful if you are known as forgetful. This book can teach you how to memorize obscure facts and useful ones. Great for those of us who are bad with names.

              What the publisher says about it: “Moonwalking with Einstein recounts Joshua Foer’s yearlong quest to improve his memory under the tutelage of top ‘mental athletes.’ He draws on cutting-edge research, a surprising cultural history of remembering, and venerable tricks of the mentalist’s trade to transform our understanding of human memory.”

              What Bill Gates says about it:

              “Like most people, I’m fascinated by how the mind works, and memory is a big element of that. Part of the beauty of this book is that it makes clear how memory and understanding are not two different things. Building up the ability to reason and the ability to retain information go hand in hand.”

              Get the book that makes Bill Gates’ mind work out hard.

              7. Academically Adrift: Limited Learning on College Campuses by Richard Arum and Josipa Roksa

              Academically adrift

                This book outright says what we have all suspected: our college education may not have emphasized learning as much as we believed. This book can make you successful for two reasons:

                1. You can put your college education in a mental box and give yourself permission to learn in the real world.

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                2. If you are an educator, there is a real need for successful innovation.

                What the publisher says about this book: “In spite of soaring tuition costs, more and more students go to college every year. A bachelor’s degree is now required for entry into a growing number of professions. And some parents begin planning for the expense of sending their kids to college when they’re born.”

                What Bill Gates says about it:

                “The dismal results presented in Academically Adrift are based on the Collegiate Learning Assessment, a standardized test in which students are asked to make a practical decision–such as, what kind of airplane a company should buy–and explain their choice based on a set of goals and facts about different options. I’m optimistic about the potential of innovation to help solve many of the problems with our post-secondary system. But we need more and better information.”

                Bill Gates is lobbing this innovation softball at you. Will you take it and become successful?

                8. That Used to be Us: How America Fell Behind in the World It Invented and How We Can Come Back by Thomas L. Freidman and Michael Mandelbaum

                That used to be us

                  Thinking that the US is going to hell in a handbasket creates a dismal picture of the world. Dismal pictures dampen a person’s ability to be successful. Some aspects are true: America is not growing as fast as other countries; we are falling behind in math and science and sometimes even business. It’s not actually horrifying; we have just been really amazing at inspiring other countries to be like us. And now it’s time for the US to take the next step and lead the world.

                  What the publisher says about the book: “In That Used to Be Us, Thomas L. Friedman and Michael Mandelbaum analyze the four major challenges we face as a country–globalization, the revolution in information technology, chronic deficits, and our pattern of energy consumption–and spell out what we need to do now to preserve American power in the world.”

                  What Bill Gates wrote about the book:

                  “That Used to Be Us is a fantastic book, and I really encourage people to read it.

                  The basic message is that other countries, the ones that are now competing with us and kind of scaring us, are not doing anything different from what we did in our past. We have a difficult time responding to them, however, because they’re copying the way we used to be, and meanwhile, we’ve changed. As our society has gotten richer, we’ve become more careful about protecting people’s rights and not harming the environment, for example.”

                  Get the book that can position you to change the world.

                  9. Deng Xiaoping by Ezra F Vogel

                  Deng Xioping

                    Being successful requires taking a tough situation and transforming it into a beautiful piece of art. That’s what Deng Xiaoping did with the most populous country in the world. Before he came into power, China was in poverty and was unable to pull itself out. Deng transformed China’s business practices and and improved the country’s economy.

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                    What the publisher says about it: “No one in the twentieth century had a greater impact on world history than Deng Xiaoping. And no scholar is better qualified than Ezra Vogel to disentangle the contradictions embodied in the life and legacy of China’s boldest strategist–the pragmatic, disciplined force behind China’s radical economic, technological, and social transformation.”

                    What Bill Gates wrote about it:

                    “China in 1979 was one of the poorest countries in the world, far poorer than India. They were barely scratching out a living and their population density made it difficult for them to feed their population. There was very little to build on other than the fact that the party had incredible authority.

                    With this authority, Deng set in motion a series of critical changes early on in his leadership to achieve cultural stability and significant economic growth. To have done this essentially in one generation is an unbelievable accomplishment and is unique in the history of the world.”

                    Get the fascinating book about one man who inspired a whole country to become successful.

                    10. The Most Powerful Idea in the World by William Rosen

                    the-most-powerful-idea-in-the-world_books_2014_471px_v1

                      At first glance, it looks like this book is about railroads and engines. That’s plenty cool if you’re into that kind of stuff. The real meaning is about why these machines were so successful. What was the idea that made railroads so capable of changing the world?

                      Here’s what the publisher said about it: “Hardly a week passes without some high-profile court case that features intellectual property at its center. But how did the belief that one could own an idea come about? And how did that belief change the way humankind lives and works?”

                      What Bill Gates wrote about the book:

                      “The book’s premise is that the Anglophone world–England, Scotland, Wales and America–was the epicenter of the Industrial Revolution because it ‘democratized the nature of invention.’ Rosen makes a compelling argument that the steam engine is the quintessential example of that democratization at work.

                      Rosen’s view fits my own view of the power of measurement to advance the work of our foundation. (I focused my 2013 Annual Letter from the foundation on measurement and the amazing things you can accomplish in global health, education and other areas if you set clear goals and can measure your progress toward them.)”

                      Get the book that can change the way you invent new ides so you can become successful.

                      Featured photo credit: Thomas Hawk via compfight.com

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                      Last Updated on September 17, 2019

                      How to Delegate Work Effectively (Step-By-Step Guide)

                      How to Delegate Work Effectively (Step-By-Step Guide)

                      All managers and leaders must master the art of delegation. Understanding how and when to allocate responsibility to others is essential in maintaining a high level of productivity, both on a personal and organizational level. Knowing how to delegate is also essential for an effective leadership.

                      To learn how to delegate is to build a cohesive and effective team who can meet deadlines. Moreover, knowing when and how to delegate work will reduce your workload, thus improving your wellbeing at work and boosting your job satisfaction. Unfortunately, many leaders are unsure how to delegate properly or are hesitant to do so.

                      In this guide, you will discover what delegation really entails, how it benefits your team, and how to delegate work effectively.

                      The Importance of Delegation

                      An effective leader knows how to delegate. When you delegate some of your work, you free up your time and achieve more on a daily basis. Effective delegation also promotes productivity within a team by drawing on the existing skill set of its members and allowing them to develop new knowledge and competencies along the way. The result is a more flexible team that can share roles when the need arises.[1]

                      When you are willing to delegate, you are promoting an atmosphere of confidence and trust. Your actions send a clear signal: as a leader, you trust your subordinates to achieve desired outcomes. As a result, they will come to think of you as a likeable and efficient leader who respects their skills and needs.

                      Delegation isn’t about barking orders and hoping that your staff falls in line. A manager’s job is to get the very best from those under their supervision and in doing so, maximizing productivity and profit.[2]

                      Here’s an example of bad delegation:

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                        Careful delegation helps to identify and capitalize on the unique strengths and weaknesses of the team members. Delegation also boosts employees’ engagement as it proves that the managers are interested in drawing on their talents.[3]

                        The Fear of Delegating Tasks

                        Delegation boosts productivity, but not all managers are willing or able to delegate.[4] Why? Here’re some common reasons:[5]

                        • They may resent the idea that someone else may get the credit for a project.
                        • They may be willing to delegate in principle but are afraid their team won’t be able to handle an increased degree of responsibility.
                        • They may suspect that their staff is already overworked, and feel reluctant to increase their burden.
                        • They may suspect that it’s simpler and quicker just to do a task themselves.
                        • They dislike the idea of letting go of tasks they enjoy doing.
                        • They fear that if they delegate responsibility, their own manager will conclude that they can’t handle their workload.

                        Delegation vs Allocation

                        Most people think that delegation and allocation are synonymous, but there is an important distinction to be made between the two.[6]

                        When you allocate a task, you are merely instructing a subordinate to carry out a specific action. You tell them what to do, and they do it–it’s that simple. On the other hand, delegation involves transferring some of your own work to another person. They do not just receive a set of instructions. Rather, they are placed in a role that requires that they make decisions and are held accountable for outcomes.[7]

                        How to Delegate Work Effectively (A Step-By-Step Guide)

                        So what’s the best way to delegate work so you can fight the fear of delegation, build an efficient team and work faster? Here’s a step-by-step guide:

                        1. Know When to Delegate

                        By understanding how much control you need to maintain over a situation, you can determine the best strategy for empowering workers. There are 7 levels of delegation that offer workers different degrees of responsibility.

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                        This brief video explains these levels and offers examples of when it’s appropriate to use each one:

                        Delegation occurs along a spectrum. The lowest level of delegation happens when you tell other people what to do. It offers little opportunity for employees to try new approaches. The most empowering form of delegation occurs when you are able to give up most of your control over the project to the employee.

                        Knowing how to delegate work helps you understand how to connect people with tasks that make the best use of their talents. When done properly, it ensures that you will get the best end-result.[8]

                        When you’re deciding how to delegate work, ask the following questions:

                        • Do you have to be in charge of this task, or can someone else pull it off?
                        • Does this require your attention to be successful?
                        • Will this work help an employee develop their skills?
                        • Do you have time to teach someone how to do this job?
                        • Do you expect tasks of this nature to recur in the future?

                        2. Identify the Best Person for the Job

                        You have to pass the torch to the right team member for delegation to work. Your goal is to create a situation in which you, your company, and the employee have a positive experience.

                        Think about team members’ skills, willingness to learn, and their working styles and interests. They’ll be able to carry out the work more effectively if they’re capable, coachable, and interested. When possible, give an employee a chance to play to their strengths.

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                        Inexperienced workers may need more guidance than seasoned veterans. If you don’t have the time to set the newer employee up for success, it’s not fair to delegate to them.

                        You also have to consider how busy your employees are. The last thing you want to do is overwhelm someone by giving them too many responsibilities.

                        3. Tell and Sell to Get the Member Buy-In

                        After you’ve found the perfect person for the job, you still have to get them to take on the new responsibility. Let them know why you chose them for the job. [9] When you show others that you support their growth, it builds a culture of trust. Employees who see delegated tasks as opportunities are more likely to be invested in the outcome.

                        When you’re working with newer employees, express your willingness to provide ongoing support and feedback. For seasoned employees, take their thoughts and experiences into account.

                        4. Be Clear and Specific About the Work

                        It’s critical to explain to employees why the project is necessary, what you expect of them, and when it’s due.[10] If they know what you expect, they’ll be more likely to deliver.

                        By setting clear expectations, you help them plan how to carry out the task. Set up project milestones so that you can check progress without micromanaging. If your employee has trouble meeting a milestone, they still have time to course correct before the final product is due.

                        This type of accountability is commonly used in universities. If students only know the due date and basic requirements for completing major research papers, they might put off the work until the eleventh hour. Many programs require students to meet with advisers weekly to get guidance, address structure, and work out kinks in their methods in advance of deadlines. These measures set students up to succeed while giving them the space to produce great work.

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                        5. Support Your Employees

                        To see the best possible outcomes of delegating, your subordinates need resources and support from you. Connect them with training and materials to develop skillsets they don’t already have.[11] It may take more time up front to make resources available, but you’ll save time by having the work done correctly. For recurring tasks, this training pays off repeatedly.

                        Sometimes employees need a help to see what they’re doing well and how they can improve. Giving and receiving feedback is an essential part of delegation. This is also a good way to monitor the delegated tasks as a leader. While you can keep track of the progress of the tasks, you are not micro-managing the employees.

                        Throughout the project, periodically ask your employees if they need support or clarification. Make it clear that you trust them to do the work, and you want to create a space for them to ask questions and offer feedback. This feedback will help you refine the way you delegate work.

                        6. Show Your Appreciation

                        During periodic check-ins, recognize any wins that you’ve seen on the project so far. Acknowledge that your employees are making progress toward the objective. The Progress Principle lays out how important it is to celebrate small wins to keep employees motivated.[12] Workers will be more effective and dedicated if they know that you notice their efforts.

                        Recognizing employees when they do well helps them understand the quality of work you expect. It makes them more likely to want to work with you again on future projects.

                        Bottom Line

                        Now that you know exactly what delegation means and the techniques to delegate work efficiently, you are in a great position to streamline your tasks and drive productivity in your team.

                        To delegate is to grant autonomy and authority to someone else, thus lightening your own workload and building a well-rounded, well-utilized team.

                        Delegation might seem complicated or scary, but it gets much easier with time. Start small by delegating a couple of decisions to members of your team over the next week or two.

                        More About Delegation

                        Featured photo credit: Freepik via freepik.com

                        Reference

                        [1] BOS Staffing: 5 Benefits Of Delegation – Empower Your Team
                        [2] Brian Tracy International: How to Delegate The Right Tasks To The Right People: Effective Management Skills For Leadership Success
                        [3] MindTools: Successful Delegation: Using The Power Of Other People’s Help
                        [4] Fast Company: The Three Most Common Fears About Delegation: Debunked
                        [5] Leadership Skills Training: Delegation
                        [6] Abhinav Jain: Delegation of work vs Allocation of work
                        [7] Anthony Donovan: Management Training: Delegating Effectively
                        [8] Management 3.0: Practice: Delegation Board
                        [9] Focus: The Creativity and Productivity Blog: A Guide to Delegating Tasks Effectively
                        [10] Inc.: 6 Ways to Delegate More Effectively
                        [11] The Muse: The 10 Rules of Successful Delegation
                        [12] Teresa Amabile and Steven Kramer: The Progress Principle

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