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5 Best Books to Read for New Entrepreneurs

Updated: Jun 21, 2020

Being a new entrepreneur comes with a broad set of challenges ranging from what should I sell to who do I sell to and where should I sell it.


Even after you do come up with a product to sell and have an idea of how you’re going to do it the next question almost always comes up “how am I going to raise the necessary capital to start up a company”.


These are all questions that a lot of new entrepreneurs ask themselves when they're first starting out. The challenges and questions that come up when taking that leap to seeking the financial freedom that comes with being your own boss could be daunting.


So, I have made a list of books that have made the path to entrepreneurship a bit clearer and have answered a lot of questions for me personally. From what type of business would be a good fit for me, to getting into the right mindset.


To start off the book that really inspired me and lit the spark for me to want to start my own business is “Rich Dad Poor Dad” by Robert Kiyosaki. He has some very good points on how to make your money work for you instead of you working for your money. He focuses on building a strong foundation, acquiring assets that pay for liabilities thus leaving you financially free. If you're going to read any of these books, I would strongly suggest Rich Dad Poor Dad to get you started.


Starting a business and becoming an entrepreneur you want to have the correct mindset. Having the correct mindset doesn't have to be like turning on a switch. It could be incremental, what I mean by that is that making small changes in your daily life daily habits could amount to big changes over time. That brings me to the 2nd book I want to share with you ”The Slight Edge” by Jeff Olson is a great book to really change the way you think, change the way you approach things, and get you into that right state of mind to help you along the way.


Changing your surroundings, where you live, who you spend your time with. All that factors in on your state of mind which leads me right into the 3rd book “Willpower Doesn't Work” by Benjamin Hardy. If you are serious about taking the jump to entrepreneurship, then I would highly recommend reading this book. Benjamin Hardy does a great job of explaining how simply by changing your surroundings it shifts your focus to what you're trying to accomplish. It could even be as simple as not changing your environment but eliminating certain aspects of your surroundings, your daily life that you've grown so comfortable so accustomed to but are detrimental or have a negative impact on your overall goals. I would strongly suggest you read willpower doesn't work it's one of those books that opens your eyes to a lot of things that you're just too near to realize that they are hampering your goals.


The 4th book on the list and most recently released is “12 months to 1 million” by Ryan Daniel Moran, the founder of capitalism.com. I have been following Ryan, since 2015. Ryan is fluent in brand building and sharing that knowledge on to new entrepreneurs and creating business relationships. So, if you're not following Ryan Daniel Moran, I strongly suggest you follow him. He is an online mentor and his book touches on certain points that you would have not thought about had he not gone over it in the chapter of his book making the road to success all that more clearer. Even if you don't start now, you'll have a more solidified path to what you want to accomplish.


Those four books are a gold mine of information when it comes to having an idea and branching out into the world of entrepreneurship. If you're not so much of a "newtrepreneur" and you've already started building your business, but you want to take it to the next level and build yourself a brand. A book that I found helpful and insightful is “Building a Story Brand” by Donald Miller. It helps clarify your message so customers will listen, it says it right on the cover. Donald Miller is a New York Times bestselling author, he points out that even big brands and businesses sometimes fail in delivering their message in a clear enough way for people to understand what it is that they're looking at and what it is that they are being prompt to buy. Donald Miller helps you get your brand story out in a simple easy to understand and right to the point way to where people don't have to think about it, they just know what pain point you are alleviating for them with what you're placing in front of them. This is a great book to really dial in and bring your story to your audience.


Each one of these books sits at about 200 pages and I just want to share these five with you as to not overwhelm you too much. I could go on and on listing great book after great book but for me these have been the five that I have found most motivating and helpful.


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