Are you an entrepreneur? Are you planning to start a business? There are a number of books that can help you to scale up your business. Reading business has a significant number of benefits. Below is the list of books that an entrepreneur has to read. These books will provide you enormous tips and ideas to boost your business.
This book is about the difference between entrepreneurs and technicians. This book also helps the “technician” to reach the entrepreneurship stage. A straightforward book that distills the essential knowledge needed to create a completely original company. This quick, original, well-organized read is a valuable tool for budding entrepreneurs.
According to the author, there are two types of people who start the business. One is with a mission, vision, objectives, and goals. The other one is a who knows nothing about running a business, but he/she is having a working knowledge. The first one called as an entrepreneur and the second one is called as “technician”.
E- Myth: Most people who start businesses are entrepreneurs, risking capital for-profit.
Reality: Most people who start a business are Technicians.
Assumption: If you understand the technical work of the business, you understand a business that does that technical work. Most people set up the business as people dependent when it needs to system dependent.
Buy this book now: The E – Myth Enterpris: How to Turn a Great Idea into a Thriving Business
For success, you need to avoid competition and create a monopoly. This book teaches why monopoly is critical, how to position your company and reach a monopoly. Completion lowers your profit and monopoly enjoys high profits. All failed companies are the same they failed to escape competition. If you want to do big business, start by dominating a small market.
Buy this book now: Zero to One: Notes on Start Ups, or How to Build the Future.
This book is, especially for startup entrepreneurs. Too much planning and too little planning are risky. Planning and perfecting the product after thousands of precious work hours
and What if nobody wants this anyway? The goal of a startup is to figure out the right thing to build that customers want and will pay for as quick as possible
There should be a minimum viable product. A product made with a minimal amount of effort used to test specific value assumptions. The startup company should work on build – measure – learn -feedback loop.
Start up entrepreneurs should focus on
As per Ben Horowitz, there is no perfect way of doing business. How much planning you do, there will be lots of screw-ups in the business. There is no recipe for making great company, There is no recipe for making you a leader.
A CEO must think long and should be a good human being. Take care of your people. He must have empathy for his employees. Keep death in mind at all times. Live each day like it may be your last and conduct yourself properly in all your actions. Make the hard decisions quickly and don’t put them off.
Always hire a team whose ambitions complement those of the company. Maintain strict rules and policies that relate to performance evaluation. organizational design, compensation, and promotions.
The Ceo should always promote good employees after measuring their performance in an unbiased manner. There must always be direct meetings between managers and employees to ensure good ideas and pressing issues are brought in to the limelight. The first fule of the CEO psychological meltdown is don’t talk about the psychological meltdown