Are you looking for the best small business books to build your business? We’ve got you covered. In this article, you’ll discover the best small business books for beginners and small business owners.
Why Is It Important To Read Business Books?
Sales & Marketing Executives International claims that people who read a minimum of seven business books per year make 2.3 times more money than those who read only one book a year.
One of the main habits that successful people share is reading. You may have noticed that they frequently credit the books for teaching them success secrets.
Undoubtedly, reading business books can help you build your business.
You’ll discover practical strategies and more ideas for your business as you read more business books. Additionally, you won’t have to learn everything the hard way. Instead, you can learn from other people’s mistakes and pitfalls.
We’ve compiled a list of the best small business books to help you develop your leadership skills, increase your productivity, and sharpen your marketing abilities.
Best Small Business Books for Beginners
Starting a small business is complex and challenging for beginners. Consider the following three must-read books for successfully building your business in a challenging economy. They’ll highlight the importance of having a business mindset and the benefits of working smarter.
1. Rich Dad Poor Dad
“Rich Dad Poor Dad” by Robert Kiyosaki is an international best-seller and is at the top of our list. This book is one of the best small business books for beginners.
The story is told through the author’s reflections on his personal interactions with two “fathers” in real life. First, his biological father (the poor dad), and then, when he was young, the father of a close friend (rich dad).
The mindset differences between wealthy families and lower-income families are emphasized throughout the book. Robert Kiyosaki believes that in order to improve your financial situation, you can learn how the wealthy and upper classes conceptualize money and utilize it as a tool to achieve their objectives.
The first edition of “Rich Dad Poor Dad” came out in 1997. It has quickly become a must-read, especially among individuals who are interested in finance and business but have had little exposure through family or education.
2. The 4-Hour Work Week
Tim Ferriss wrote “The 4-Hour Work Week” for those who are tired of postponing their life till retirement.
He says most people work throughout their lives, spending 40 years working from 9 to 5 until retiring at 60. This book demonstrates how to break away from this paradigm by dramatically decreasing our work time and removing geographical constraints.
Ferriss promises in The 4-Hour Work Week that he will show you how to enjoy the advantages of working without waiting until the end of your career.
The 4-Hour Work Week is designed to give you more freedom and time. This book has motivated many dreamers to create passive income empires through strategies like affiliate marketing and drop-shipping, which are two of the book’s primary “muse” ideas.
3. Think and Grow Rich
“Think and Grow Rich” by Napoleon Hill is a must-read business book for beginners. This book explores why only a few people are successful and what characteristics set them apart from us. Over a year, the author analyzed more than 500 successful men and women to reveal money-making secrets.
We frequently just see one side of a situation, i.e., the success and accomplishments of other people, and we fail to recognize the dedication and hard work behind those achievements. The author has briefly discussed those challenging tasks and what motivated them to succeed.
“Think and Grow Rich” deals with facts rather than fiction; its goal is to convey a universal truth to everyone willing to learn. Napoleon broke down the process of making money step by step in this book.
Best Small Business Books for Small Business Owners
Starting a small business is a big achievement for many entrepreneurs, but maintaining one is the greater challenge. Small businesses frequently take years of hard effort. Consider the following four books to avoid mistakes that most small business owners make in their starting years.
4. Start With Why
The concept of “Start with Why” started with Simon Sinek’s popular TED Talk. He demonstrated that companies implement the “Why” principle to inspire their staff, who will be motivated to inspire customers. In his book, Simon Sinek goes deeper into the concept of “Why”, addressing topics like how our brains are built and how success may be planned from the beginning rather than haphazardly created through trial and error.
Those who look for “Why’s” can motivate their employees and customers because their vision involves more than just selling products and making money.
Sinek gives examples of “Why” visionaries such as Steve Jobs, Martin Luther King, Jr., and the Wright Brothers. Each of these individuals had a vision when they first began, and they all had plenty of success and failure throughout their lives.
5. The Magic of Thinking Big
“The Magic of Thinking Big” by David J.Schwartz, is a must-read business book for small business owners. Dr. Schwartz delivers a well-planned approach for getting the most out of your job, marriage and family life, and community. He demonstrates that you don’t have to be smart or talented to achieve great success and happiness, but you need to develop and learn the habit of thinking and acting in ways that will help you get there.
According to Schwartz:
“Progress is made one step at a time. A house is constructed with one brick at a time. Football games are won one play at a time”.
A sequence of little achievements leads to every major achievement. You need to take action, but it shouldn’t be a big one if you want to achieve your goals.
“The Magic of Thinking Big” is essentially about ‘getting ahead,’ focusing on exponentially expanding your income, making your dream home a reality, and providing your children with a first-rate education.
6. Secrets of the Millionaire Mind
T. Harv Eker advises on how our thinking can keep us from achieving our dreams in his best-selling book, “Secrets of the Millionaire Mind”, along with several examples.
“Secrets of the Millionaire Mind” has two parts. Part I describes how your financial blueprint works. You will discover how your early influences have affected your financial future. Additionally, you will learn how to recognize your own financial blueprint and “revise” it to achieve success and, more importantly, maintain and expand it over time.
In Part II, you will learn about 17 “Wealth Files”, each of which explains how wealthy individuals differ from most members of the lower and middle classes in terms of their attitudes and behavior. Each Wealth File contains actionable suggestions that you may use to boost your earnings and accumulate wealth significantly.
In his book, T. Harv Eker goes into much more detail about how sometimes our thinking, educated minds can keep us from the one thing we most want. “Secrets of the Millionaire Mind” is not just a guide for becoming wealthy financially but also for bringing wealth into all aspects of your life. It highlights the importance of human growth in achieving financial success.
7. The E-Myth Revisited
The “E-Myth Revisited: Why most small businesses don’t work and what to do about it” is another must-read business book for small business owners. It is an updated version of Michael Gerber’s original 1988 book on starting a business. This book explains why so many small businesses fail.
Gerber advises entrepreneurs on how to avoid making the same mistake in his best-selling book.
According to Gerber, the success of a small business depends on finding a delicate balance between three different personalities: the entrepreneur (i.e., the big-picture thinker), the technician (i.e., an expert), and the manager (i.e., the person who is detail-oriented).
These three skill sets are all possessed by small business owners, and utilizing all of them is the first step in establishing a successful business. In addition to outstanding products, successful businesses have repeatable procedures and tested business models.
This is the best book for small business owners willing to learn and expand their business over time.
Reading these best small business books could be the beginning of your new financial future. It can be difficult to start if you don’t have a reading habit, but with a little time, effort, and persistence, they are well worth the effort.
Make a strategy for yourself and work toward achieving it; you’ll be amazed at how much you can accomplish.
Last but not least, if you have any feedback on this list, please leave a comment below.