Start-up business owners encounter many problems with regard to their businesses. Some of them are internal. These include finance, machinery, human resources, etc. Other factors are external and include competition, the state of economy, changing consumer behavior, etc. These are all challenges for start-up business owners. Here are the books that are likely to help them manage their business better.
The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich – Timothy Ferriss
In this book, Timothy Ferriss uses an acronym DEAL to represent the main four chapters. The acronym DEAL stands for Definition, Elimination, Automation and Liberation. Definition means your objectives, to set goals, to decide what is important, to overcome fears. Elimination represents time management, because 80% of your benefits come from 20% of effort. Automation is about increasing your cash flow. Liberation represents freeing yourself from traditional expectations, designing the job to increase mobility.
Good to Great: Why Some Companies Make the Leap And Others Don’t – Jim Collins
Jim Collins defines greatness of a company in terms of its performance. Its performance should be several folds better than market average constantly over time. Reading this book, you can know leaders’ characteristics that enable them to lead their company from ‘good’ to ‘great’, and hire the right people.
The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It – Michael E. Gerber
This book helps small start-ups grow the business in an assured and productive way. In this book, Michael E. Gerber walks through the steps in life of a business. It is from the entrepreneurial infancy to mature entrepreneurial perspective through adolescent growing pains. The book is a good guide for all businesses that want to succeed, and shows the lessons to apply in franchising any business (whether or not it is a franchise). The author overlooks the difference between working in your business and working on your business.
The $100 Startup: Reinvent the Way You Make a Living, Do What You Love, and Create a New Future – Chris Guillebeau
In the $100 Startup, Chris Guillebeau discusses the challenges a small business encounters when starting and growing. This book is a guide for small business start-ups to overcome these challenges. The $100 Startup is the result of research by surveys and hundreds of interviews with success of startup businesses. Most points in the book are illustrated by examples.
Crush It!: Why NOW Is the Time to Cash In on Your Passion – Gary Vaynerchuk
This book is about knowing your passion and earning profits pursuing it using the Internet. Gary Vaynerchuk says you need to have the passion to make profits. The author emphasizes using online platform and personal branding to promote business. The book is a good guide for people who want to start business promotion through social media tools, to succeed offline or online business.
The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses – Eric Ries
The Lean Startup encourages companies that are able to leverage human creativity effectively and are able to use capital more efficiently. This assertion is an inspiration from lean manufacturing. The whole logic of the book depends on rapid scientific experimentation, validated learning, a number of counter initiative practices that can shorten product development cycles without resorting to vanity metrics, measure actual progress, and knowing customers’ real wants. The book helps start-up owners know how to manage their organization better.