If you’re a business owner (or are looking to become one), you’ll need all the information you can get. Sure, much of this information will pertain to the nitty-gritty details of the daily running of a business. Some of it will provide insight into the workings of your competitors, giving you a better chance of beating them.
But perhaps the most useful information will come in the form of broad-stroke ideas that expand your mind and help you think in new and exciting terms. The knowledge from these 5 must read business books can be applied to any business, big or small and regardless of its type and end goal.
- Good to Great (Why Some Companies Make the Leap) by James C. Collins: If you’re thinking business, there’s no doubt you wondered plenty of times why some businesses make it while others don’t. Perhaps even more concerning for some, this book explains why some businesses are ‘doomed’ to remain average, despite their best efforts. Not satisfied with thinking in local terms? Good to Great might give you a ladder to climb onto the grand stage.
- The Innovator’s Dilemma by Clayton Christensen: This book is best digested by businessmen who are already making some progress in the field. Christensen’s Dilemma is all about leading instead of following and inventing instead of copying. More specifically, he urges business owners and strategists to get ahead by anticipating future market needs rather than focusing too much on present ones.
- The Art of the Deal by Donald Trump: Love him or hate him, Trump knows his business. With a fortune estimated between $4-9 billion, Trump clearly made some good deals, and would like to help you do the same. The business mogul’s book encourages you to go for deals that are truly lucrative instead of those that simply let you get by, while also warning you to stay away from bad ones. As the man himself puts it: „A bad deal is worse than no deal.“
- Start With Why by Simon Sinek: Compared to many other great business books, Sinek’s piece is fairly new. Published in 2011, it focuses on making you understand the importance of creativity and innovation, and has already gained widespread praise. Sinek examines many great thinkers and leaders, allowing you to find out your ‘why’ by understanding theirs. If you’re the type of businessman who wants to lead, you can’t afford to miss this book.
- The E Myth by Michael Gerber: While some of the books on this list focus more on concepts and mindsets, this book aims to deliver the answer to a very clear question: why do so many small businesses fail, or get nowhere near to where their owners would want them to be? If you haven’t yet started your small business and are reading this, consider yourself blessed – Gerber will tell you where so many before you went wrong, and will make you go from budding entrepreneur to savvy businessman in no time.