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10 Powerful Books Every Entrepreneur Needs To Read

10 Powerful Books Every Entrepreneur Needs To Read

1. The Knowledge to Succeed by Wendy Day
Wendy Day - The Knowledge to Succeed
    Put the business in music business…

    You may not have heard of Wendy Day, but you hear the fruits of her labor everywhere. Tired of seeing her favorite musicians being screwed, Day quit her day job and went to work in the music industry. She’s credited for discovering Master P and his No Limit Records label, Eminem, Cash Money Records (Lil Wayne, BG, Juvenile, Hot Boyz, Big Tymers, etc), Twista, Do Or Die, David Banner, and many others. The Knowledge to Succeed is where Wendy Day teaches anyone how to replicate their success or hers.

    2. The Seven Habits of Highly Effective People by Steven R. Covey

      Seven Habits is a timeless lesson in leadership and success. By changing your mindset to embrace an alternative perspective, Covey walks you through the self-mastery Paradigm Shift. The process is broken down into Independence, Interdependence, and Continual Improvement, resulting in meaningful and consistent growth.

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      3. The 4-Hour Workweek by Timothy Ferriss

      The 4-Hour Workweek

        Prepare to have your mind blown. Americans have the least amount of vacation hours in the industrial world. We also work much more than 40 hours per week. Timothy Ferriss challenges conventional wisdom by providing case after case to prove normal “banking hours” aren’t as productive as we think. As an entrepreneur, you’ll find it easy to relate to the ideas presented in Workweek

        4. Shark Tank: Jump Start Your Business by Michael Parrish DuDell and the Shark Tank cast

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        Shark Tank - Jump Start Your Business

          On the hit ABC show Shark Tank, hopeful entrepreneurs present their business ideas to savvy investors, such as FUBU founder Damon Johns and Dallas Maverick owner Mark Cuban. The show is filled with useful business advice from these savvy investors that every entrepreneur could use. From always knowing your customer acquisition cost to the real-world value of your business, don’t start a business without the fundamentals from the sharks.

          5. The Secret by Rhonda Byrne

          Rhonda Byrne - The Secret
            It’s no secret – you’re the problem…

            A company’s brand is an extension of the person running it. If you want to create a successful business, you’ll need to create a successful self. Self-help books are an oxymoron, but The Secret manages to avoid the pitfalls of the genre by focusing on actionable exercises over generic advice. It’s no secret that Byrne’s tips lead you down a better path, so add it to your entrepreneurial reading list.

            6. Who Moved My Cheese? by Dr. Spencer Johnson

            Who Moved My Cheese by Spencer Johnson, M.D.
              Cheesy, but invaluable…

              The business world is a rat race, and Dr. Spencer Johnson uses this imagery to illustrate our different reactions to change. Cheese is a business fable featuring two mice and two littlepeople. When their treasured cheese supply dwindles, the characters have different reactions to the change. Traversing through the maze, some learn to adapt to their new cheese situation, while attempting to assist the others in finding their own way. Change is inevitable, and as an entrepreneur it becomes part of your daily routine. Dr. Johnson can help you find comfort when you’re constantly forced out of your zone.

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              7. How to Win Friends and Influence People by Dale Carnagie

              How to Win Friends and Influence People by Dale Carnegie

                Although Simon Pegg’s spoof How to Lose Friends and Alienate People is a great tip of the hat to the disruptive side of relationships, Dale Carnagie’s classic book is every bit as relevant today as it was the day it was written. Negotiations are a cornerstone of entrepreneurial endeavors. Learn how to successfully steer people toward your line of thinking, whether it’s clients, customers, or employees.

                8. Losing My Virginity by Richard Branson

                Losing My Virginity by Richard Branson
                  No man is an island, but some own one…

                  If you’re going to emulate someone in business, you’d be hard-pressed to find someone better than Richard Branson. He started his first business at 17, and opened the Virgin Records stores at 22. Branson expanded his iconic Virgin brand from a record store to an empire, including a music label, airline, mobile carrier, and even a space shuttle. Branson even has his own island where celebrities such as Mariah Carey take a vacation. He explains how he did it in his own words in Virginity

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                  ,his autobiography.

                  9. Il Principe (The Prince) by Nicolo Machiavelli

                  The Prince by Niccolo Machiavelli
                    Ever wonder what made Tupac 2Pac?

                    In 1532, Nicolo Machiavelli published one of the most important works of political philosophy in human history. Although written in Italian, and quite short, he summarizes all the lures and trappings of the quest for power. It may seem like an oddball choice for an entrepreneur, but it’s important to understand that when you stand on your own and attempt to build an empire, you’re joining reality’s Game of Thrones, and those in power will notice your success because it takes away from theirs. Know your enemy – you may one day become him.

                    10. The Signal And The Noise by Nate Silver

                    The Signal and the Noise by Nate Silver

                      Big data is a new concept to many people, but it’s been studied by large organizations for years. After gaining public recognition for developing a performance forecasting system for Major League Baseball, Nate moved into politics, where he analyzed the data and near-flawlessly predicted the results of both the 2008 and 2012 elections. As big data becomes more prominent, every entrepreneur needs to understand what it is and how it can be leveraged. The Signal And The Noise is your first lesson.

                      Featured photo credit: Rene Skaflestad via reneskaflestad.com

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                      Published on March 19, 2019

                      How Your Attitude Determines Your Success

                      How Your Attitude Determines Your Success


                      Do you remember the last time you faced a major setback–when you felt so low, that nothing seemed to make you happy? No matter how hard you tried, you just felt like the world was against you. Perhaps it was a bad relationship, or the loss of a loved one… maybe something bad happened at work? Whatever it may be, could you recall how your attitude was towards that situation?

                      Often when we’re caught in an unhappy situation, we feel limited and sometimes trapped. We want to get out of it as quickly as we can, but it’s never quite that simple.

                      Unfortunately, some people can remain in that terrible situation for weeks, months or even years; while others may come out strong and ready to start over–or continue from where they left off–fairly quickly.

                      So what sets these two groups apart?

                      The answer is their attitude.

                      Attitude is everything when it comes to achieving a goal, and tackling a setback or problem. 

                      When you’re able to have a positive mindset, you’ll be able to break free of your limitations that are holding you back.

                      A positive attitude also goes a long way in ensuring you come out victorious from whatever limitations that were holding you back before. It transforms not just your mental state, but your physical and emotional well being. It is the key to lasting total transformation.

                      Positive Attitude Brings About Positive Health 

                      When you’re stuck in a rut, often the first thoughts that run through your head are negative, thus your outlook likely becomes pessimistic. But, if you can transform those thoughts into more positive ones, then you’re on your way to talking yourself out of that rut, which allows you to move forward.

                      Of course, positive thinking doesn’t mean ignoring all the bad or unpleasant feelings altogether. It just means that you approach unpleasantness in a more positive and productive way–instead of taking everything as a victim to negative circumstances, you see it as an opportunity to learn and grow.

                      Be aware of self talk!

                      These automatic thoughts can be positive or negative. Some of your self talk comes from logic and reason, while other self talk may arise from misconceptions that you create. Others could come from external sources such as negative people around you, or messages from the media.

                      The key is to surround yourself with positive influences that can help turn those negative thoughts into positive, more productive actions.You’ll not only feel better about the situation, but in the long run, positive thinking can lower your levels of distress and depression and give you better coping skills during hardships.

                      Researchers studying the effects of positive thinking and optimism on health have also found that positive thinking may provide increased life span, better cardiovascular health and reduced risk of death from cardiovascular disease, and even greater resistance to the common cold!

                      It’s unclear why people who engage in positive thinking experience these health benefits, but one theory is that having a positive outlook enables you to cope better with stressful situations, which reduces the harmful health effects of stress on your body.

                      It’s also thought that positive and optimistic people tend to live healthier lifestyles — they get more physical activity, follow a healthier diet, and don’t smoke or drink alcohol in excess.

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                      Suffering is Inevitable, So It’s Best to Accept It 

                      Now, one thing that everyone goes through at some point, is suffering. It’s a harsh reality, yet you can’t actually avoid it. We experience suffering as the result of unhappiness, fear, anger, loss or frustration. In fact, it would be hard to even imagine the feeling of happiness if we never experienced suffering! How would we ever compare it?

                      So instead of wallowing in sorrow about the suffering you have endured, take the suffering as an opportunity for change. Did you get laid off from your job? Perhaps this would be a good time to re-assess your career goals.

                      Rather than feeling negative and stuck, use your time and energy to find opportunities which will put you ahead. With the right attitude, anything can seem possible.

                      This may sound crazy, but suffering is the secret to being successful! 

                      Here’s what I mean. It’s impossible to think of new ideas or understand new experiences without stepping outside of your comfort zone. Anyone who has met great successes has also faced many failures, as nobody wins on every try.

                      To propel you toward success, find a way to track your progress and to set and celebrate small benchmarks. It may be helpful to conduct a weekly review to assess where you are and acknowledge all of the small wins of the week. Every accomplishment, no matter how small, is an achievement; so, be sure to take note of them.

                      Tracking your progress is also a great way to find and mitigate triggers and hindrances that impede your progress. The point is, you’re making progress; even if it feels like suffering, you can see that it’s leading you to joy.

                      Remember, don’t compare yourself to others. Only compare yourself to who you were yesterday. Each step you make towards progress is making you a better version of you.

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                      Gratitude Goes a Long Way in Shaping Attitude 

                      Now, this may seem difficult to do when you’re already feeling down, but having gratitude is a very useful when you’re trying to navigate your way out of a setback. Being grateful for existing accomplishments and the supports in your life will help you see them more clearly, build your own confidence, and give you a better overall outlook on what your limitations really are and what you have to do to overcome them.

                      With a grateful attitude, you limit the damage of negative influences, and strengthen the impact of positive ones.

                      Being grateful, even during the toughest of times, steers your attitude towards a more positive one, allowing you to get back on your feet much more quickly. Many studies done on gratitude have shown positive results for people who practice regularly, such as improvement in relationships and in mental health. There’s even studies that show higher motivation in work settings due to a simple ‘thank you’ from managers to their subordinates.

                      Believe in Yourself and Your Truth

                      This is often easier said than done, but is also the most empowering truth to overcoming your setbacks and limitations in life.

                      Many people find it hard to keep a positive attitude during tough times because they lack inner confidence. They doubt their abilities because of the ‘failure’ that they’re experiencing, and don’t think that they can rise above again.

                      But, confidence doesn’t just come from talent, luck or easy opportunity. Confidence comes from overcoming difficulties and facing your fears head on. 

                      Confidence is a result of getting out of your comfort zone. The more you do this, the more confident you’ll be, and the more positive your attitude will be. Confidence will help you see your goals more clearly, find your strengths within, reach your goals and overcome your limitations much more quickly.

                      Here’s a quick story about my own struggles helping me get ahead:

                      When I first started Lifehack, it took a long time to gain a solid readership. Just getting 100 visitors was a challenge and took a good bit of time. I had great ambitions for this site, yet it seemed like I was doomed to fail. I received plenty of criticism, too. Some people thought that the world didn’t need yet another self help site, others offered the opinion that there was something wrong with the idea itself and I was making a mistake.

                      It was hard for me not to listen to them and, at some times, agree. But, persistence is key, and in the end I chose to believe in my truth.

                      I worked tirelessly changing the site layout, restructuring articles, and making the site more user friendly. Slowly, I expanded to a team with the hiring of some extremely dynamic and talented people. With each determined effort, the site grew in popularity, and a few years later, we had influenced millions–and continue to do so.

                      Pushing myself out of my comfort zone and facing every challenge head on were the greatest contributing factors to increasing my confidence. So welcome the challenges that come; don’t avoid them, as they’re all opportunities in disguise to feed your growth.

                      Your Attitude Sets the Tone for Success 

                      Do you see the importance of having a positive attitude? It is so much more than a mindset or state of mind. Your attitude sets the tone for every action and behavior that follows after, and that will determine how long it takes for you to break free from your current circumstance.

                      So if you’re currently in an unhappy situation, why not give it a try and look at things from a more positive outlook? As mentioned, not only does having a positive attitude bring about favorable outcomes, it also brings about positive health in the long run.

                      Embracing hardship as it is, and using it as a learning experience to grow, will also make you stronger. And, whether you’re going through good or bad times, practicing gratitude will no doubt help to limit the damage of negative influences, and strengthen the impact of positive ones.

                      Lastly, in any circumstance, you are your greatest barrier to success, which is why it’s important to always believe in yourself!

                      You will always have the power to be in control of your situation because your attitude is determined by you. So start harnessing all that positive thinking to turn those limitations into strengths!

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                      Featured photo credit: Photo by Jonathan Francisca on Unsplash via unsplash.com

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