To this day, Warren Buffett remains the world’s most skilled investor. In fact, Buffett says that the key to becoming a great and successful business man is to read books… to be more specific, read 500 pages in a day! “Knowledge builds like compound interest”, which Buffet says how you can succeed in business.
Did you know that Bill Gates read around 50 books in a year? He would try to finish a book in one week and then move onto the next. If these people read books in their time and are now at a stage where they are the richest people in the world, then imagine what you could achieve.
We bring to you top five business books that will help you start your own business and run it successfully:
1. “Business Adventures” by John Brooks
The rise of Piggly Wiggly and Xerox, the scandal at Texas Gulf Sulphur and General Electric and many more cases such as these that went down in history are worth mentioning, which is why John Brooks talks about them in his book.
The book was such a hit that Warren Buffer recommended it to Bill Gates, which made it a top seller. This book talks about the ins and outs of corporate life. You need to pay more attention to the market before making any move. While philanthropizing is a good move, never trust your speedy success.
2. “The Innovator’s Dilemma” by Clayton M. Christensen
You see a product or service setting trends in the market and you devise a plan to invest in it. What you should be asking yourself is this the right time to capitalize on it? While you take advantage of an opportunity like this with both hands, Clayton says that there are a certain set of rules that should follow before capitalizing on the disruptive innovation.
3. “The Intelligent Investor” by Benjamin Graham
What lies at the center of starting your business? Money! This book talks about how people should value investments. It shields investors from errors they might commit during their venture and teaches them how to develop a plan and long-term strategy that supports their revenue stream.
4. “The Outsiders” by William N. Thorndike
William says that a business man’s success does not come from deep industry expertise or with the backing of a seasoned manager. Looking at those celebrity CEOs, one would assume that success is based on confident management style, virtuoso communication skills and charisma. We would beg to differ! So what’s the hallmark of a CEO’s groundbreaking performance?
The return for shareholders of one’s company in the long term! This book talks about 8 unconventional CEOs who created a blueprint for their success.
5. “Think and Grow Rich!” by Napoleon Hill
The philosophy in this book is crafted from the successful financial experiences of billionaires. Although Hill starts the book with the aim of coaching people on how to be like said billionaires but the book encourages people towards perusing their own goals. It’s a teach-learn-and-implement kind of book that tells you how to navigate the challenges in the business world.
Each of these books offers something different that will help you clarify your vision. While starting your own business might seem daunting at first but if you have the knowledge to create a strategic plan and work according to it, you will achieve success sooner than you expected.