Business is one venture where you need to have both knowledge and skill to become successful. Most often, people require assistance when it comes to business. They tend to seek business consultants, fellow businessmen, family and friends about certain ideas and advices. Lucky for you, if you are that type of person who is surrounded by people having strong business acumen, as they can guide you towards the right path. However, there are people who are not as lucky and tend to seek business advices elsewhere. Fret not though, since there are many books and resources to assist you. So, here are top 10 business books that will fill your brain cells with many best business ideas.
Top 10 Business Books To Read
These top 10 business books are quite engaging and are usually authored or co-authored by successful businessmen themselves. If not, these books are being promoted or advertised by those successful businessmen that helped them during their early battles in business. Reading great books will not only allow you to have creative ideas and advices that you really need, but will also help you have a glimpse on the mind of successful and great businessmen. Some of these top business books are the personal favorites of billionaires like Bill Gates and Warren Buffet. See? Even self-made billionaires need guidance from other people to succeed in their own line of business.
If these billionaires started from nothing and became as big as they are now, certainly their hard work and the kind of advice they got from business books are the major reason. You can also become one of them by practicing the principles stated on these business books. What are you waiting for? Browse through the list of these top 10 business books and pick what you want.
1. Think and Grow Rich
Author: Napoleon Hill
Written as early as 1937, Think and Grow Rich has become one of the top business books to read. It has been considered by many businessmen as the best book considering that it provides great ideas on personal growth. As of 2011, it already sold 70 million copies worldwide even due to the fact that it’s first ever book was published during the Great Depression era.
Napoleon Hill intentionally studied the attributes of successful people whom he personally knew. These people achieved success in different fields and professions they are into. This book is not only for businessmen but also for every person who wants to become as successful as those big guys in the market today. Napoleon Hill gave 13 steps, which primarily focuses on the philosophy of personal achievement. These 13 principles include: desire, faith, autosuggestion, specialized knowledge, imagination, organized planning, decision, persistence, power of the master mind, the mystery sex transmutation, the subconscious mind, the brain and the sixth sense.
2. How To Win Friends And Influence People
Author: Dale Carnegie
This particular book of Dale Carnegie already sold 15 million copies worldwide since its first publication on 1936. It is one of the first self-help books that was ever published and became best-selling. The key points in this book have proven to be effective. Warren Buffet himself attended Carnegie’s course on “How to Win Friends and Influence People” when he was just 20 years old and applied his learning to his dealings. Hence, he became one of the most well respected businessmen in the industry.
The book had a single page overview showing the reader about 12 things that they can expect from the book. However, it was only included on the 1936 original version while the re-printed edition on 1981 exclude 4 key points from the 12 and only 8 remains.
The book has also 6 major sections and its core principles are as follows:
- Fundamental Techniques in Handling People
- Six Ways to Make People Like You
- Twelve Ways to Win People to Your Way of Thinking
- Be a Leader: How to Change People Without Giving Offense or Arousing Resentment
- Letters that Produced Miraculous Results
- Seven Rules for Making Your Home Life Happier (This was omitted on the 1981 edition of the book)
3. The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich
Author: Timothy Ferriss
A self-help book written by Timothy Ferriss, often makes it in the list of top 10 business books to read. It is typically a reflection of Ferriss own self-journey. As a businessman, Ferriss was workaholic and worked for 14-hours a day at his own business, BrainQUICKEN, a sports nutrition supplement company. Tired of his long hours of work and neglected free time, he took a 3-week sabbatical trip to Europe. He then continued his journey right through Europe, Asia and South America. While on his journey, he developed a habit of checking his email only once a day and hiring virtual assistants to do some of his small daily tasks. He used the acronym DEAL on his four primary chapters which stands for:
A. Definition: It is the ability to figure out what the person want for himself or herself and to stay away from the expectations of the society. It also tackles the price that a person has to pay to achieve his/her destination.
B. Elimination: This particular chapter shows the 80-20 rule and the Parkinson’s law. The book emphasizes more on effectiveness instead of efficiency.
C. Automation: This means developing a sustainable source of income such as automation, Google Adwords, AdSense, drop-shipping and out-sourcing.
D. Liberation: This final chapter speaks of the freedom from a place and a person’s job.
4. Zero to One: Notes on Startups, or How to Build the Future
Author: Peter Thiel
This book was released on September 16, 2014 by Peter Thiel in collaboration with Blake Masters. Peter Thiel is not new in business, as he is already considered as a successful venture capitalist. He is also one of the founders of PayPal as well as the earliest external investor of Facebook who provided the then starting company a large amount of $500,000 worth of capital in exchange of 10.2% of its stocks. Thiel became one of the Facebook’s board of directors since then. Thiel’s business book, Zero to One assists its readers on starting their business ventures as well as focus on things that will help readers build and develop their business to become a successful one. Thiel stated that the reader should work hard to build something exceptional and only one of its kind.
5. Good to Great: Why Some Companies Make the Leap… and Others Don’t by
Author: Jim Collins
Published on 16 October 2001, this management book assists readers to know the ins and outs of businesses that entitled them to become successful. Greatness is defined in the book as the company’s financial performance should be several times higher than the average market over a prolonged period of time. Collins stated that the companies who went from good to great share seven characteristics and these are:
- Level 5 Leadership
- First Who, Then What
- Confront the Brutal Facts
- Hedgehog Concept
- Culture of Discipline
- Technology Accelerators
- The Flywheel
This book sold 4 million copies and the details provided on the books are perfectly studied since the 5-year project that included 6000 articles, 2000 pages of interview transcripts and 384 megabytes of computer data.
6. The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It
Author: Michael E. Gerber
Michael Gerber is the founder of Michael E. Gerber Companies, a consulting company for small businesses. Over the years from his experiences in handling small businesses, Gerber was able to see similar characteristics and a pattern from those businesses that failed over those businesses that became successful. He stated that 40% of businesses fail during the first year and 80% of those who survived the first year will fail in 5 years. Then, another 80% of those who survived will fail in the next 5 years.
Gerber stated that very few of those who succeed had different approach compared to those who failed. He cited that those businesses who tend to fail are owned by what he called the “technicians”. These are the skilled people who started business on their line of skill and when their business is becoming a hit among their clients, these technicians tend to do the work alone and pay no attention to the other aspects of business. They just find themselves torn, stress, understaffed and overwork from all the works that they did which will lead them to abandon their business.
7. Awaken the Giant Within
Author: Tony Robbins
Tony Robbins is a self-help author, finance instructor and motivational speaker all rolled into one. Awaken the Giant Within is only one of Robbins best-selling books with the other two entitled as Unlimited Power and Money: Master the Game.
In this business book, Robbins emphasized that self-mastery is the key to a quality life. Once you apply the fundamentals of self-mastery in your life, you can take control of it and the forces that will determine your destiny. It is important that you have a powerful belief system that is well established and strengthened by you. Once you build your own belief system, you need to follow its direction and strive to reach whatever you want in life as well as in creating your own destiny. You can also use this belief system to influence others on what you say, do and think. The book will also assists you in developing strategies that can help strengthen your relationships with others and building your finances.
8. The Intelligent Investor
Author: Benjamin Graham
The first book was published in 1949 and since then had a number of revisions with the most recent revised in 1971-1972, which was published in 1973. In 2003, another edition of the book was published with the addition of commentaries and footnotes made possible by Jason Zweig. The book is considered by many as the stock market bible because of its long-term strategies. Graham also pointed out that people should value investing and helps its readers to prevent committing certain investment errors.
9. The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success
Author: William Thorndike, Jr.
Viewed by Forbes as one of the most important business books in America, William Thorndike, Jr’s The Outsiders gives an insight on eight of the world’s best chief executive officers when it comes to capital allocation. The 8 CEOs featured in this book all have an investor’s mindset that made them uniquely different from the rest. CEOs typically need to do two things well:
(a) Handle business to optimize earnings and
(b) Deploy the earnings
Most CEOs are all the same when it comes to A, but greatly differ when it comes to B. Those who do well on the B department tend to become more successful and wise when it comes to investing. The 8 CEOS featured in this book are:
- Tom Murphy of Capital Cities
- Henry Singleton of Teledyne
- Bill Anders of General Dynamics
- John Malone of TCI
- Katharine Graham of The Washington Post Co.
- Bill Stiritz of Ralston Purina
- Dick Smith of General Cinema
- Warren Buffet of Berkshire Hathaway
10. Business Adventures: Twelve Classic Tales from the World of Wall Street by
Author: John Brooks
One of the best in the list of top 10 business books to read, Business Adventures was published in the year 1969 and was revived when Bill Gates stated in the Wall Street Journal that it is his favorite business book which was recommended to him by co-billionaire Warren Buffet wayback in 1991. Brooks described the stock market as “the daytime adventure serial of the well-to-do”. In his book, he eloquently described the happenings in Wall Street and how iconic companies became known due to a particular moment of prominence or fame. The book was very much well-written considering that it was published in The New Yorker and it involved the drama and adventure of America’s Wall Street.