With a new year just beginning, it is time to make your business either grow or start. Successful founders all over the world have found that a motivating book with a meaning can change one’s perspective, especially in the business world.
Here are Businesscomparison.com’s 5 must read books that will inspire you to become a triumphant business owner:
1. The Intelligent Investor by Benjamin Graham
A book which was published in 1949 has been carried and read by many founders. One in particular, is the most successful investor in the world; Warren Buffet a billionaire investor who has made a very large profit which he credits to The Intelligent Investor. At the age of 19 Warren came across this book. He has since said that;
“What’s needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. This book precisely and clearly prescribes the proper framework. You must provide emotion discipline.”
2. Making the Modern World by Vaclav Smil
Smil first published this book in 2013, and even though Bill Gates ‘the richest man in the world’ began his success in 1975 he believes reading this book allowed him to have a new outlook into the materials that allow the modern life work. Gates’ favourite author is Vaclav Smil, he has said;
“It might seem mundane, but the issue of materials – how much we use and how much we need is key to helping the world’s poorest people improve their lives.”
3. The Innovator’s Dilemma by Clayton Christensen
The Innovator’s Dilemma was published back in 1997. The book was written to emphasise that most successful businesses use all their time on the customer and their needs, Christensen elieves that these companies will be the ones to get left behind. After Steve Jobs opened this book he felt inspired by it, Clayton argued that businesses can fail if they stop innovating as technology as their customer’s needs and wants grow. This is why Jobs didn’t slow down when he brought the iPhone out. Jobs was once asked why Apple needed to use cloud computing his response was;
“It’s important that we make this transformation, because of what Clayton Christensen calls ‘the innovator’s dilemma’, where people who invent something are usually the last ones to see past it, and we certainly don’t want to be left behind.”
4. The Effective Executive by Peter Drucker
In 1967 Drucker published The Effective Executive, Drucker is seen as a founder of the modern management theory the book helps executive’s handle their time management and their decision-making skills. The idea of the book is to help business owners take control of their businesses successfully. This book was read numerous times by the CEO of Amazon, Jeff Bezos – it was even part of his all day book club back in 2013!
5. The Hitchhiker’s Guide To The Galaxy by Douglas Adams
This ‘guide’ was first published in 1979, within the first three months, the book had sold 250,000 copies. The book is a ‘work of science fiction’ which helped billionaire business owner, Elon Musk through his youth. Musk has said;
“It highlighted an important point, which is that a lot of the times the question is harder than the answer. And if you can properly phrase the question, then the answer is the easy part. So, to the degree that we can better understand the universe, then we can better know what questions to ask.”