One of the best ways to learn the business without actually going to business school is through MBA books. Through these books, you will get to acquire practical insights and bang-up-to-date examples from individuals who made it big in the market.
A bunch of these MBA books is on business school curriculums, furnishing entrepreneurs with sufficient knowledge to make informed choices and become better leaders in society. It contains lessons that you can’t learn if you limit yourself to the four walls of your school’s classroom.
Here are the books that are your personal MBA:
1. Rework by David Heineimier Hansson and Jason Fried
Rework proffers a welcome disparity to orthodox top-heavy business by exhibiting how less is more. This book is for anyone, but it isn’t for everyone. It is designed for people who want to venture into the business world and take on the challenges of the industry.
With only less time and capital, you can establish a profitable enterprise. If you are interested in broadening your knowledge in leadership and entrepreneurship, Rework incorporates David and Jason’s expertise and accomplishments in devising digital goods that are globally utilized.
According to David and Jason, you don’t need millions of dollars and many employees to build a reputable and successful business. On top of that, adopting a new perspective and trying new things is necessary for running a business.
2. Blue Ocean Strategy: How to Create Uncontested Market Space and Make Competition Irrelevant by W.Chan Kim
Blue Oceans Strategy is perfect for people who don’t prefer establishing a conventional company. It provides a step-by-step explainer of how enterprises we are all familiar with came to be.
Every chapter of this book explains and demonstrates how businesses may discover and create their blue oceans by which they can successfully draw customers in. The fierce rivalry serves as the driving force in many sectors, making competitors engage in red ocean warfare over dwindling revenues.
The Blue Ocean Strategy presents a methodological tacting for rendering one’s competitors obsolete by establishing an uncontested market space. If you are a marketer, business owner, or just someone who is interested in grasping the distinctive value of your client— this book may be perfect for you.
In this book, all industries are represented by the red Sea, which is the recognized market area. Seizing current demand, dominating the competition, segmenting clients according to their preferences, and providing more value or decreasing prices are just some of the several strategies cited in the book.
3. My Life and My Work by Henry Ford
Henry Ford is a familiar name in the business world. After all, he was the founder of one of the greatest vehicle companies that stood strong against the test of time. In his book, he tackled all his life philosophies and accomplished as well as unachieved objectives in his autobiography.
My Life and My Work begets first-hand knowledge that will be valuable in fostering toughness and entrepreneurial spirit. It permits you to see into the mind of a guy who has managed to change the world despite living his life in obscurity for 40 years.
Building the cornerstone of his business took quite a lot of human and technical abilities. Assembling his effective management team and enterprise management system was made more accessible with the help of this book. It equips readers with a new perspective on life and shows new paths they can possibly take to succeed.
4. The Richest Man in Babylon by George Clason
The books of George Clason have withstood the test of time and have taken their position in society since it was proven to forever be relevant to society. In 1926, Claussen wrote a manual on the ways a person can get rich.
The Richest Man in Babylon served as the business bible of many successful entrepreneurs because of the golden lesson it teaches us, including:
- The “keep 10%” saving rule
- Controlling expenses
- Investing in places where knowledgeable
- Not ceasing to grow
- Guarding finances against fatal loss
- Setting up passive income
These are just some of the lessons that this book contains. Basically, The Richest Man in Babylon includes tips and practical steps to achieve financial stability.
5. Predictably Irrational by Dan Arieli
Dr. Dan Arieli has investigated a variety of topics in our life that we often aren’t aware of. This includes self-defeating conduct, the influence of suggestion, and a lot more. Arieli has discussed theological acts and impulsive purchases made by consumers, as well as their common responses to various incentives.
The acts and responses we show in making purchases are far more logical than we realize. However, simply being aware of them can help you manage your money, appeal to people more effectively, and eventually grow your business.
6. Atlas Shrugged by Ayn Rand
This philosophical dissertation integrates facets of reality, heroism, and imagination along with Utopian and anti-utopian emotions. Atlas Shrugged appeals to business owners, brilliantly seizing the tears and sweat blood of entrepreneurship.
If you would look at the dystopian United States of Atlas Shrugged, private enterprises are encumbered by domineering rules and regulations. Railroad boss Dagny Taggart and steel magnate Hank Reardon fight against looters who strive to take advantage of the sector they belong in.
Atlas Shrugged is primarily a book that upholds free-market capitalism, opposing socialism. On the other hand, it contains philosophical notions and ideas to mold you into a more useful individual, ensuring triumph in your business venture beyond all odds.
7. Good to Great by Jim Collins
Good to Great is one of the best conventions to respond to corporate issues. He elucidates how particular business owners utilize certain skills in order to find success while others are stuck on those hurdles, earning little to no money.
This book is quite a good read for neophytes and professionals in the business world as it lays out proven strategies on how to transform a good, medium, and mediocre firm into a great one.
Some key takeaways of the book include how companies might build up and overcome barriers that hinder them from evolving extraordinarily through employing disciplined ideas and taking disciplined actions.
