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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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                      Last Updated on September 11, 2019

                      Why To-Do Lists Don’t Work (And How to Change That)

                      Why To-Do Lists Don’t Work (And How to Change That)

                      How often do you feel overwhelmed and disorganized in life, whether at work or home? We all seem to struggle with time management in some area of our life; one of the most common phrases besides “I love you” is “I don’t have time”. Everyone suggests working from a to-do list to start getting your life more organized, but why do these lists also have a negative connotation to them?

                      Let’s say you have a strong desire to turn this situation around with all your good intentions—you may then take out a piece of paper and pen to start tackling this intangible mess with a to-do list. What usually happens, is that you either get so overwhelmed seeing everything on your list, which leaves you feeling worse than you did before, or you make the list but are completely stuck on how to execute it effectively.

                      To-do lists can work for you, but if you are not using them effectively, they can actually leave you feeling more disillusioned and stressed than you did before. Think of a filing system: the concept is good, but if you merely file papers away with no structure or system, the filing system will have an adverse effect. It’s the same with to-do lists—you can put one together, but if you don’t do it right, it is a fruitless exercise.

                      Why Some People Find That General To-Do Lists Don’t Work?

                      Most people find that general to-do lists don’t work because:

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                      • They get so overwhelmed just by looking at all the things they need to do.
                      • They don’t know how to prioritize the items on list.
                      • They feel that they are continuously adding to their list but not reducing it.
                      • There’s a sense of confusion seeing home tasks mixed with work tasks.

                      Benefits of Using a To-Do List

                      However, there are many advantages working from a to-do list:

                      • You have clarity on what you need to get done.
                      • You will feel less stressed because all your ‘to do’s are on paper and out of your mind.
                      • It helps you to prioritize your actions.
                      • You don’t overlook so many tasks and forget anything.
                      • You feel more organized.
                      • It helps you with planning.

                      4 Golden Rules to Make a To-Do List Work

                      Here are my golden rules for making a “to-do” list work:

                      1. Categorize

                      Studies have shown that your brain gets overwhelmed when it sees a list of 7 or 8 options; it wants to shut down.[1] For this reason, you need to work from different lists. Separate them into different categories and don’t have more than 7 or 8 tasks on each one.

                      It might work well for you to have a “project” list, a “follow-up” list, and a “don’t forget” list; you will know what will work best for you, as these titles will be different for everybody.

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                      2. Add Estimations

                      You don’t merely need to know what has to be done, but how long it will take as well in order to plan effectively.

                      Imagine on your list you have one task that will take 30 minutes, another that could take 1 hour, and another that could take 4 hours. You need to know the moment you look at the task, otherwise you undermine your planning, so add an extra column to your list and include your estimation of how long you think the task will take, and be realistic!

                      Tip: If you find it a challenge to estimate accurately, then start by building this skill on a daily basis. Estimate how long it will take to get ready, cook dinner, go for a walk, etc., and then compare this to the actual time it took you. You will start to get more accurate in your estimations.

                      3. Prioritize

                      To effectively select what you should work on, you need to take into consideration: priority, sequence and estimated time. Add another column to your list for priority. Divide your tasks into four categories:

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                      • Important and urgent
                      • Not urgent but important
                      • Not important but urgent
                      • Not important or urgent

                      You want to work on tasks that are urgent and important of course, but also, select some tasks that are important and not urgent. Why? Because these tasks are normally related to long-term goals, and when you only work on tasks that are urgent and important, you’ll feel like your day is spent putting out fires. You’ll end up neglecting other important areas which most often end up having negative consequences.

                      Most of your time should be spent on the first two categories.

                      4.  Review

                      To make this list work effectively for you, it needs to become a daily tool that you use to manage your time and you review it regularly. There is no point in only having the list to record everything that you need to do, but you don’t utilize it as part of your bigger time management plan.

                      For example: At the end of every week, review the list and use it to plan the week ahead. Select what you want to work on taking into consideration priority, time and sequence and then schedule these items into your calendar. Golden rule in planning: don’t schedule more than 75% of your time.

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                      Bottom Line

                      So grab a pen and paper and give yourself the gift of a calm and clear mind by unloading everything in there and onto a list as now, you have all the tools you need for it to work. Knowledge is useless unless it is applied—how badly do you want more time?

                      To your success!

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                      Featured photo credit: Emma Matthews via unsplash.com

                      Reference

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