It is said that all leader needs to be a reader. And so if you’re an entrepreneur who is leading a company, here are 5 books you cannot afford to skip:
1) The E Myth Revisited by Michael E. Gerber
E-Myth \ ‘e-,’mith\ n 1: the entrepreneurial myth: the myth that most people who start small businesses are entrepreneurs 2: the fatal assumption that an individual who understands the technical work of a business can successfully run a business that does that technical work.
An instant classic, this revised and updated edition of the phenomenal bestseller dispels the myths about starting your own business. Small business consultant and author Michael E. Gerber, with sharp insight gained from years of experience, points out how common assumptions, expectations, and even technical expertise can get in the way of running a successful business.
Gerber walks you through the steps in the life of a business—from entrepreneurial infancy through adolescent growing pains to the mature entrepreneurial perspective: the guiding light of all businesses that succeed—and shows how to apply the lessons of franchising to any business, whether or not it is a franchise. Most importantly, Gerber draws the vital, often overlooked distinction between working on your business and working in your business.
The E-Myth Revisited will help you grow your business in a productive, assured way.
Reviewed by Goodreads.com
2) Scaling Up (Mastering the Rockerfeller Habits 2.0) by Verne Harnish
It’s been over a decade since Verne Harnish’s best-selling book “Mastering the Rockefeller Habits “was first released. “Scaling Up: How a Few Companies “”Make It…and Why the Rest Don’t” is the first major revision of this business classic. In “Scaling Up,” Harnish and his team share practical tools and techniques for building an industry-dominating business. These approaches have been honed from over three decades of advising tens of thousands of CEOs and executives and helping them navigate the increasing complexities (and weight) that come with scaling up a venture.
This book is written so everyone — from frontline employees to senior executives — can get aligned in contributing to the growth of a firm. There’s no reason to do it alone, yet many top leaders feel like they are the ones dragging the rest of the organization up the S-curve of growth.
The goal of this book is to help you turn what feels like an anchor into wind at your back — creating a company where the team is engaged; the customers are doing your marketing; and everyone is making money. To accomplish this, “Scaling Up” focuses on the four major decision areas every company must get right: People, Strategy, Execution, and Cash.
The book includes a series of new one-page tools including the updated One-Page Strategic Plan and the Rockefeller Habits ChecklistTM, which more than 40,000 firms around the globe have used to scale their companies successfully — many to $1 billion and beyond.
Running a business is ultimately about freedom. “Scaling Up” shows business leaders how to get their organizations moving in sync to create something significant and enjoy the ride.
Reviewed by Amazon.com
3) Ready, Fire, Aim by Michael Masterson
Michael Masterson is a serial entrepreneur who has created over 20 business ventures in his lifetime, and he has a unique perspective about what it takes to build a successful company.Ready, Fire, Aim is a practical examination of how the priorities of a successful business change as it grows.
If you’re creating a brand new businesses, your most important priorities are (1) identifying your target market; (2) quickly developing a product to sell to that market; (3) discovering your optimum selling strategy; (4) actually selling product. According to Masterson:
“Nothing matters more than selling. Many first-time entrepreneurs have the impression that they are doing things in a logical order when they look for the perfect office space, have logos designed, and order a lot of inventory. The reality is they are wasting valuable resources on secondary and tertiary endeavors. If no one is going to buy what you want to sell, you’ve just wasted a bunch of money on a business that will never be.”
As your business matures, your role as a founding entrepreneur changes from salesman to innovator, then manager, and finally investor. As you progress through these four stages, your primary focus should change as well to ensure your business successfully navigates the transition.
If you’re starting a new company or planning to take your current business to the next level, Ready, Fire, Aim is a must-read.
Reviewed by Personalmba.com
4) Built To Sell by John Warrillow
This is a great book for the business owners or the person wanting to start a business. The principles are told in the form of a story and it is fast to read yet interesting. Having a business is one thing, but building a business that can work without you is the hard part. How can you run a successful business that will run well without your constant supervision, or run without you completely when you decide to sell? Read this book and find out how. The story reads well, followed by an implementation guide to help you follow the steps. The end is a summary of tips from the story.
The story follows a small business owner through his decision to sell. It is interesting and fast to read, now if every business was a success like this one. Many hard decisions were made, but they lead to the outcome the owner desired. Now if I could come up with a business plan.
Many businesses are worthless if sold, they are built with the owner as the one that runs everything. Plumbers, electricians, service professionals, it’s tough to sell a business that is focused on the owner and worthless without them. How can you change your business to grow and run without you?
Read this book and start your business on a whole new path, one that you can take a break from and enjoy the bounty of all your hard work.
Reviewed by Book Him Danno
5) Delivering Happiness by Tony Hsieh
• Pay brand-new employees $2,000 to quit
• Make customer service the responsibility of the entire company-not just a department
• Focus on company culture as the #1 priority
• Apply research from the science of happiness to running a business
• Help employees grow-both personally and professionally
• Seek to change the world
• Oh, and make money too . . .
Sound crazy? It’s all standard operating procedure at Zappos, the online retailer that’s doing over $1 billion in gross merchandise sales annually. After debuting as the highest-ranking newcomer in Fortune magazine’s annual “Best Companies to Work For” list in 2009, Zappos was acquired by Amazon in a deal valued at over $1.2 billion on the day of closing.
In Delivering Happiness, Zappos CEO Tony Hsieh shares the different lessons he has learned in business and life, from starting a worm farm to running a pizza business, through LinkExchange, Zappos, and more. Fast-paced and down-to-earth, Delivering Happiness shows how a very different kind of corporate culture is a powerful model for achieving success-and how by concentrating on the happiness of those around you, you can dramatically increase your own.
Short Extract from Delivering Happiness
Image Credits: wikipedia.org