As musician Frank Zappa once said, “So many books, so little time.” For a business owner or budding entrepreneur, books can be life preservers. Of course, valuable lessons often come from doing. Business lessons can be learned by trial and error and by putting yourself out on the line. But the same lessons can also be learned from a book. Reading about the errors and triumphs of other business leaders can prevent you from making mistakes and push you in the direction of success. Beyond lessons, a good business book can inspire you to lift your business to an even higher level.
Below is a selection of business books chosen as favorites by entrepreneurs and business owners.
#1- ‘The Hard Thing About Hard Things' by Ben Horowitz
One business book that has been profoundly impactful for me is ‘The Hard Thing About Hard Things' by Ben Horowitz. This insightful book delves into the unfiltered realities of navigating the challenges and tough decisions that often accompany entrepreneurship. Through candid narratives and practical advice, Horowitz shares invaluable insights into handling adversity, making tough calls, and steering businesses through uncertainty. The book offers invaluable lessons on resilience, leadership, and decision-making.
Thanks to Mathieu Bertrand, like family!
#2- “Good to Great” by Jim Collins
“Good to Great” by Jim Collins is my favorite business book. This revolutionary work delves into the ideas and methods that distinguish truly exceptional businesses from their competitors. The Hedgehog Principle, which focuses on an organization's world-class competencies, understanding its economic engine, and passionate dedication, connects strongly with Diabetic Insurance Solutions' objective. The book not only guided our strategic decisions but also encouraged a communal commitment to long-term success and making a real difference in our clients' lives.
Thanks to Hassan Sanders, Diabetic Insurance Solutions!
#3- “Thinking, Fast and Slow” by Daniel Kahneman
The book examines the two modes of thinking we use in our daily lives. These would be the impulsive decisions described as System 1 and the deliberate calculations described as System 2. In the book, Kahneman unveils the psychological foundations of both of these systems of thought. Besides improving my ability to make informed decisions, the book also sharpened my perception of consumer behavior and market dynamics, which is precisely what I needed as a young and aspiring owner of an e-commerce business.
Thanks to Niall John Lnchehaun, Midland Stone!
#4- “Traction” by Gino Wickman
‘This book significantly influenced my approach to business. It's a quick yet potent read for entrepreneurs, offering a no-nonsense approach to gaining traction and getting your business on the right track. Wickman breaks down the Entrepreneurial Operating System (EOS) in a way that's not just practical but downright inspiring. It goes beyond lofty theories and places the spotlight on implementing real strategies for real results. Whether you're a startup enthusiast or a seasoned business owner, ‘Traction’ is a roadmap to organizational success – concise, inspirational, and actionable.
Thanks to Viktor Meier, Glice!
#5- “Good to Great” by Jim Collins
This book delves into the core ideas that help businesses go from being simply good to becoming truly outstanding over the long term. Collins analyzes the characteristics of great leaders and how they guide their companies toward sustained success. The book highlights the value of taking a methodical approach and concentrating on the factors that actually promote sustained success. It includes case studies from actual businesses and workable tactics that company owners and executives may use. The book offers a path forward, covering everything from the idea of packing the appropriate individuals on the bus to facing harsh facts.
Thanks to Matt Little, Festoon House!
What's your favorite business book? Tell us in the comments below. Don’t forget to join our #IamCEOCommunity