Wanting to be an entrepreneur seems fun until you realize that you’re not as competent as others. And sometimes, you need a swift inspiration to improve your business mindset.
While thriving to make your business grow, it is necessary to equip yourself with the knowledge that would be beneficial for your progress. Not everyone finds pleasure to read. However, according to statistics, 35% of high earner households say they love reading books. And if you want to belong to that category, you could try reading books once a week or two.
Just like how healthy food nourishes the body, books nourish the mind. Reading is essential as it extends our thoughts and keeps our minds active. Most entrepreneurs think alike when it comes to business because they have one common ground — reading.
When you read, you are digesting someone’s mindset and getting it into your system. So, you will flourish and become better in decision-making when you read self-development books.
4 Books You Should Read
These entrepreneurial books will help your growth both in life and business and could serve as a stepping stone for becoming a successful, flourishing entrepreneur. These will furnish you with guidance on your journey to entrepreneurial success.
Here is the list of the books you should read to improve your business mindset:
Rich Dad, Poor Dad
There are a plethora of methods to make money in this age. And rather than encouraging us to stay on jobs we are not passionate about for the sake of paying utilities, Robert T. Kiyosaki prompts us to seek more opportunities to earn money to break free from the rat race.
As crazy as it sounds, this book tells us that rich people don’t work for money but rather have money work for them. This is the central concept of investing. You put your money on corporations or things you think will have a great return and wait until the money generates its results.
Suppose you buy Tesla shares for $10 and sell them when it’s worth $15, you will earn $5 per stock. The market also offers dividends. Rather than buying and selling stocks, you could earn by holding stocks. Through holding, you will get to make a profit through the company’s income. As the earnings of the company go up in number, so will your dividends.
Rich Dad, Poor Dad reveals the two emotions that cage most individuals— fears and desires. These two emotions certainly influence an individual’s thought process leading them to irrational decisions. Even though subduing your emotions can be a tough internal battle, it is doable.
By taking control of your thoughts, you can control fear and any other emotions that may come in the way. Instead of allowing your emotions to overpower you and your financial condition, begin to formulate solutions to the financial struggles you are facing.
Rich people put their focus on assets while poor people focus on liabilities.
Your Next Five Moves
Your Next Five Moves is written by Patrick Bet-David, and it talks about master strategies to excel in business and become a great chess grandmaster strategist, which thinks five moves ahead all the time.
David encourages us to master understanding ourselves. This topic is rarely spoken in business circles, but it is essential in moving ahead. You could try defining what success is for you. What does it look like? If you don’t know how you view success, you will never achieve it. That’s the essence of knowing yourself. If you don’t know where you exactly want to be, how will you get there? The moment you decide who you want to be, the direction you desire to take becomes clearer.
A strategy also plays a significant role. Of course, as an entrepreneur, you want to reach exponential growth. And there are three factors to reach this extension—reasoning, team members, and strategy scale.
If you master the skills to reason, you will process issues better, and decision-making becomes more manageable. There’s no such thing as a black and white decision, so if you can see all shades, you will be able to move forward decisively even under uncertainty. Building the right team members is similarly vital. As you help your members grow and find themselves, you are also building a team that will support your growth.
Your Next Five Moves will flourish you with strategies that would help you come up with a strategic game plan that is not made on impulse when facing trouble. This book will give you the choices you have in business and help you find your true self.
Think And Grow Rich
Think and Grow Rich scrutinizes the power of thoughts and brain processes in reaching new heights in career and finances. Napoleon Hill, the author of this book, claims that thinking is way more conducive to success compared to education, money, and particular knowledge on something.
Hill highlights that an individual who “thinks” he can achieve something is already taking a step toward the finish line. Thinking may seem too generic, so he interpreted thinking as a mixture of faith, willingness, initiative, and resilience.
Though many individuals view failure as a disappointment, Hill has taken failure as a necessary part of the learning process. Failures are what builds bridges between us and success. The failures you face would get you closer to the end goal if you persist regardless of the downfalls.
Desire is also a game player to success. Every one of us has different dreams for ourselves. But there is the question. How badly do you want to get there? If you know what you really want, you will do any necessary action to achieve it. Thus, in the overall scheme, desire is what will drive your thoughts and actions to success.
Influence: The Psychology of Persuasion
One of the crucial principles that this book touches is reciprocity. Individuals tend to give back a given favor. Though these principles stated do not necessarily apply to barter and business, the underlying themes mentioned can accommodate marketers to generate selling results.
The standpoint of this book is pretty simple. If a person goes out of their way solely for you, you will probably do something for them in return. Now, let’s take you from a business perspective.
When you shop at a supermarket and are offered a free sample by a lovely smiling attendant, you feel quite obligated to buy the product. The same goes for friendship. If your friend buys you lunch, you pretty much feel obligated to buy them lunch next time. Society’s norm is deeply embedded in us, and research shows that. People don’t realize how marketers often use this strategy.
An entrepreneur also uses scarcity at their advantage. With limited supply marketing strategies, the generate buyers the urgency to purchase because it’s “limited.” Many people believe that if something is scarcely available, then it’s valuable.
This book lets you grasp an influence framework to understand why people “yes” and how you could do the same for you too.
Key Takeaways
There’s this aphorism that money without financial knowledge is money soon gone.
Without further familiarity with financial refinement, your hard-earned money will be gone in a blink of an eye. Learning is a never-ending process, there will always be new ideas to explore, and it will take time to absorb all of that knowledge and build up a solid foundation to guide your thoughts.
If you want to refine your critical thinking and business mindset, you have to start reading now.
