Thinking About Starting Your Own Business? Read These Books First

Reviewed: October 20, 2016
By FinanceWeb

Introduction

There are two common emotions most workers feel on a weekly basis. That exhilarating feeling joy and possibilities experienced 10 minutes before clocking out for the weekend and that stomach-sinking disappointment felt on Sunday evenings.

That emotional cycle happens on a weekly basis. And the ones who feel it the most are the ones who know there is a better way to live.

Many people tell themselves that they can escape that rut if they had their own business. And many people have business ideas, but few actually take action to make that dream a reality.

So, if you’re someone feeling that Sunday despair you are probably an entrepreneurial soul who just needs a little guidance.

These 5 books below will provide you with the blueprint and inspiration needed to get started

Will It Fly? How to Know if Your New Business Idea Has Wings… Before You Take the Leap

In Will it Fly, Thomas K. McKnight uses case studies from 200 product launches and provides a 44-point check list to know if your idea will succeed or fail.

While the book provides actionable steps and insight, there is a good amount of emphasis on personal attitudes and accountability measures as well.

This is a book that should be read early on in your business idea because the crux of it is on the concept stage. It will show you if your business idea is worth pursuing or not, which will ultimately either save you time and money or provide the much needed motivational jolt to start taking action.

The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It

In this book, Michael E. Gerber illustrates the reasons why businesses tend to fail over the years. Knowing what works is great, but knowing what will lead to your failure may be even better for first time entrepreneurs.

Gerber shows how most business owners begin their businesses with skills they already have, which ultimately can lead to their failure. That is because they turn into what he calls, “technicians”.

That is where they get bogged down in doing the actual work itself rather than becoming a more balanced business owner. Gerber shows that the business owner needs to be well-rounded as a technician, manager and entrepreneur.

The core philosophy of the E-Myth is that an owner needs to look at their business as if it were a franchise. He lays out how it should be done so that your business can become predictable, consistent and specific.

Getting Things Done: The Art of Stress-Free Productivity

David Allen’s book, Getting Things Done, is an essential for managing and organizing your day to day business and personal life. It has a unique way of showing how to put things in their proper place, which for a new business owner will save a lot of time and frustration.

A lot of times new business owners are hit with having to wear more hats at the same time than when they were working as employees. Because of that, the disorganization can lead to inefficiency, frustration and giving up.

David Allen provides a real-world look into how to manage and organize your days and week to maximize performance. There is also a unique “Weekly Review” part of his book that forces you to maintain accountability of your schedule.

Rework

Rework was written by Jason Fried and David Heinemeier Hansson. It provides a real-world and down to earth method of getting a business off the ground without a business plan, investors, competition analysis or an office.

The book essentially silences the outside noise and gives you a straight forward way to get a business up and running. It’s also a very quick read too.

How to Work a Room

Susan Roane’s book, How to Work a Room, is an essential book for certain types of business owners. Susan argues that 93% of people are inherently shy.

If you want to start a business but are a part of that 93%, this book will show to overcome that issue and become a “savvy socializer”. Roane shows that networking and socializing is not a talent most people are born with and that through practice anyone can become one.

Getting and maintaining relationships with customers and influencers is a key element to the success of a business owner. If you have anxiety about meeting new people or networking, then this book is for you.

These 5 books will provide you with the much needed motivation, structure and actionable steps you’ll need to get rid of that Sunday despair.