There comes a time in every business owner’s journey when they take the step from dreaming about branching out on their own, to finally becoming a business owner.
There is ample advice available for business operators available on the internet, and there are just as many print publications available. While such an abundance of information might seem helpful at first, the sheer amount of advice can be overwhelming to most business people and the advice contained within these resources is often conflicting.
With that in mind, we have taken the time to analyze which three books have stood the test of time and will provide small business owners, both established and just beginning, the resources to hone their business skills and methods of operation. Here are the three books that will help to provide greater chances of longevity, higher profitability and lower stress while running a business.R
Rich Dad, Poor Dad
Rich Dad, Poor Dad is Robert Kiyosaki’s 1997 non-fiction, allegorical tale of his journey of becoming a successful businessman. While being a very controversial book initially, it is with great reason that this title has become the greatest selling personal finance book of all time.
There are countless titles that can walk one through the technical aspects of running a business, managing accounts, bookkeeping and all the background processes that lead to a successful business operation. This information is only helpful however, if the reader has already established a business and would like it to run more smoothly.
Where Rich Dad, Poor Dad stands out is the fact that it talks mainly about the mindset required for leaving the world of employment and self-employment to become a business owner and why that is a good choice.
The book is written as a recount of his upbringing by his government employed father (Poor Dad) and the contrast between his ideologies and Robert’s mentor whom he refers to as his “Rich Dad”. The story telling involved makes it a very easy and entertaining read regardless of where one might be on their business journey.
The Richest Many in Babylon
The Richest Man in Babylon. Written in 1926 by George Samuel Clason, this book was compiled from a series of pamphlets that he wrote on money management. The reason that this book stands out from other books on personal money management, is that The Richest Man in Babylon discusses how to start managing money even when the reader is starting with an exceptionally small amount. It uses fictional tales set in ancient Babylon to teach the reader basic principles that will have a resounding effect on personal finances.
These are fundamental skills that are still important even in the running f a small or large business.
The E Myth Revisited
The E Myth Revisited. After selling more than 1 million copies, the author Michael Gerber has updated and revised this book to be relevant for today’s business and technology landscape.
The E Myth analyzes and discusses why most small business fail and provides intelligent insight as to how these reasons can be overcome.
Considering that 90% of small businesses are reported to fail, it makes reading this book a very important consideration for any small business owner.
All of the above 3 books have achieved cult status within their respective sub-genres and it is with good reason. These books should have their place on any small business owner’s bookshelf.