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10 Powerful Books Every Entrepreneur Needs To Read

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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

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                    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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                      Last Updated on October 21, 2021

                      How to Create Your Own Ritual to Conquer Time Wasters and Laziness

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                      How to Create Your Own Ritual to Conquer Time Wasters and Laziness

                      Life is wasted in the in-between times. The time between when your alarm first rings and when you finally decide to get out of bed. The time between when you sit at your desk and when productive work begins. The time between making a decision and doing something about it.

                      Slowly, your day is whittled away from all the unused in-between moments. Eventually, time wasters, laziness, and procrastination get the better of you.

                      The solution to reclaim these lost middle moments is by creating rituals. Every culture on earth uses rituals to transfer information and encode behaviors that are deemed important. Personal rituals can help you build a better pattern for handling everything from how you wake up to how you work.

                      Unfortunately, when most people see rituals, they see pointless superstitions. Indeed, many rituals are based on a primitive understanding of the world. But by building personal rituals, you get to encode the behaviors you feel are important and cut out the wasted middle moments.

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                      Program Your Own Algorithms

                      Another way of viewing rituals is by seeing them as computer algorithms. An algorithm is a set of instructions that is repeated to get a result.

                      Some algorithms are highly efficient, sorting or searching millions of pieces of data in a few seconds. Other algorithms are bulky and awkward, taking hours to do the same task.

                      By forming rituals, you are building algorithms for your behavior. Take the delayed and painful pattern of waking up, debating whether to sleep in for another two minutes, hitting the snooze button, repeat until almost late for work. This could be reprogrammed to get out of bed immediately, without debating your decision.

                      How to Form a Ritual

                      I’ve set up personal rituals for myself for handling e-mail, waking up each morning, writing articles, and reading books. Far from making me inflexible, these rituals give me a useful default pattern that works best 99% of the time. Whenever my current ritual won’t work, I’m always free to stop using it.

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                      Forming a ritual isn’t too difficult, and the same principles for changing habits apply:

                      1. Write out your sequence of behavior. I suggest starting with a simple ritual of only 3-4 steps maximum. Wait until you’ve established a ritual before you try to add new steps.
                      2. Commit to following your ritual for thirty days. This step will take the idea and condition it into your nervous system as a habit.
                      3. Define a clear trigger. When does your ritual start? A ritual to wake up is easy—the sound of your alarm clock will work. As for what triggers you to go to the gym, read a book or answer e-mail—you’ll have to decide.
                      4. Tweak the Pattern. Your algorithm probably won’t be perfectly efficient the first time. Making a few tweaks after the first 30-day trial can make your ritual more useful.

                      Ways to Use a Ritual

                      Based on the above ideas, here are some ways you could implement your own rituals:

                      1. Waking Up

                      Set up a morning ritual for when you wake up and the next few things you do immediately afterward. To combat the grogginess after immediately waking up, my solution is to do a few pushups right after getting out of bed. After that, I sneak in ninety minutes of reading before getting ready for morning classes.

                      2. Web Usage

                      How often do you answer e-mail, look at Google Reader, or check Facebook each day? I found by taking all my daily internet needs and compressing them into one, highly-efficient ritual, I was able to cut off 75% of my web time without losing any communication.

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                      3. Reading

                      How much time do you get to read books? If your library isn’t as large as you’d like, you might want to consider the rituals you use for reading. Programming a few steps to trigger yourself to read instead of watching television or during a break in your day can chew through dozens of books each year.

                      4. Friendliness

                      Rituals can also help with communication. Set up a ritual of starting a conversation when you have opportunities to meet people.

                      5. Working

                      One of the hardest barriers when overcoming procrastination is building up a concentrated flow. Building those steps into a ritual can allow you to quickly start working or continue working after an interruption.

                      6. Going to the gym

                      If exercising is a struggle, encoding a ritual can remove a lot of the difficulty. Set up a quick ritual for going to exercise right after work or when you wake up.

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                      7. Exercise

                      Even within your workouts, you can have rituals. Spacing the time between runs or reps with a certain number of breaths can remove the guesswork. Forming a ritual of doing certain exercises in a particular order can save time.

                      8. Sleeping

                      Form a calming ritual in the last 30-60 minutes of your day before you go to bed. This will help slow yourself down and make falling asleep much easier. Especially if you plan to get up full of energy in the morning, it will help if you remove insomnia.

                      8. Weekly Reviews

                      The weekly review is a big part of the GTD system. By making a simple ritual checklist for my weekly review, I can get the most out of this exercise in less time. Originally, I did holistic reviews where I wrote my thoughts on the week and progress as a whole. Now, I narrow my focus toward specific plans, ideas, and measurements.

                      Final Thoughts

                      We all want to be productive. But time wasters, procrastination, and laziness sometimes get the better of us. If you’re facing such difficulties, don’t be afraid to make use of these rituals to help you conquer them.

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                      More Tips to Conquer Time Wasters and Procrastination

                       

                      Featured photo credit: RODOLFO BARRETO via unsplash.com

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