Every wealthy and successful business person has one thing in common in all of them, wondering what? They all love to read books at least once a day or a week. Books can act as a holy book for most people out there to get a wide knowledge about various successful people's business experience and develop multiple cognitive skills.
Reading is considered one of the best productive skills these days as it collectively triggers multiple skills that are also very helpful in running a business. There are a lot of best business books and best entrepreneur business books available on the market that are a must-read.
What are the advantages of reading books that will help in growing business?
Reading books at least once a week has various advantages for all, be it a small entrepreneur or an established business tycoon. The only probable disadvantage associated with reading books is it requires some of your precious time to focus on. In today’s world, people are highly into gadgets and digital forms of entertainment, which has eventually lowered the attention span of GenZ’s because of which, they face difficulties to stay focused on something for a longer time frame. But these days, there are e-books available on the internet for almost every physical book.
Let us now know about some of the advantages of reading books for businesses-
1. Reading Books Increases Focus
Reading a book and understanding every line of it requires a lot of focus. If a person builds up a habit to read a book at least once a week, it improves their ability to focus by a lot. For any entrepreneur or an established businessperson, the focus remains the most important key to success in their business career over time.
2. It helps to make the right decision
Books contain content written by an experienced person who has vast knowledge about a particular topic. Many books contain all the detailed information about a person who already faced a particular problem related to business and how they overcame it. By going through their business experiences, one can learn a lot from their mistakes which will eventually build your quick decision-making skills in the meantime.
3. It can provide you with the ultimate inspiration and motivation
These days, many books are based on real-time successful business people like Elon Musk, Jeff Bezos, Warren Buffet, and many more who have already succeeded in their respective fields. By going through their life experiences, one can gain a lot of inspiration from their experiences and get highly motivated for making a successful business.
4. It helps in improving language and communication skills
Books can be a holy asset for most readers who are struggling to attain a good grasp of the English language. These days, most successful business persons require a little or to be precise basic knowledge of the English language since it is a widely adopted language. If you are a businessman, you will have to deal with various clients from different regions or cultures. So, in this case, the English language becomes important to crack the deal with your clients, and books help you a lot in these cases.
5. Reading books brushes up your cognitive skills over time
Reading books can help you immensely in developing various cognitive skills in the meantime. For example, it will help you gain knowledge, reduce stress, improve your ability to remember something, build your personality, etc.
6. Books also help you to be financially literate
Books help you to build your financial literacy, which no other educational institutions teach you in your early days. India, as a country, has a very low financial literacy rate, and for any business person, it is very necessary to be able to manage your finances independently. Various books contain some golden information that helps you understand your finances and teaches you how to grow your money, which is necessary for any successful entrepreneur.
Best Unknown Business Books To Read
In this part of the article, you will get to know about a few unknown business books to help you understand and grow your business. There are some of the best entrepreneur books and best business success books out there digitally or physically to read which are available in the market. These books are written by some of the best authors out there who are highly experienced in their respective fields, and one can learn a lot from their experiences and implement them in their lives.
Some of the best business books are mentioned below in detail:-
1. Rich Dad Poor Dad, written by Robert Kiyosaki and Sharon Lechter
This book is one of the most famous books in the entrepreneurial world because it educates you about one of the most neglected topics in our schools or colleges, which is “investment”.
In this book, the author explains to two kids about a school dropout and a qualified person’s life. The author nicely explains how the qualified person lived a normal life and died by leaving nothing behind, whereas the school dropout has left a business empire behind because of the right use of money. This book is a must-read for any entrepreneur or an established business person to gather in-depth knowledge about your personal finance and corporate finance.
2. The Psychology Of Selling, written by Brian Tracy
Every business in the world is all about selling your goods or services to your target customers. But, many people lack this major skill which is the art of ‘selling’ and this book is completely oriented to solve this problem. Most entrepreneurs these days directly dream of having great success in their business without even knowing the fundamentals of selling. This book is a must-read and for any budding entrepreneur or even for a normal person.
3. The 100$ Startup, written by Chris Guillebeau
This book is very good for any entrepreneur who is planning to start a startup but lacks capital. In this book, you get multiple stories where the author has described various startups who started their business with a few bucks in hand but now are multi-million dollar companies.
4. Dhirubhai Ambani: Against All Odds, written by A.G Krishnamurthy
This book is written on the life story of India’s renowned businessman Lt. Dhirubhai Ambani. It teaches you about how our country’s one of the oldest entrepreneurs built a company known as ‘Reliance Industries’, which is now a billion-dollar company. You can relate to this book as it is about an Indian who faced many hardships in the process you might be familiar with. So, this book is highly recommended to get an insight into our country’s business proceedings and what problem you may face.
5. Stay Hungry Stay Foolish, written by Rashmi Bansal
This is an excellent book to read because it contains stories of 25 IIM Graduates who planned to start a business all in different sectors. This book will help you immensely to absorb the experience of various businesses from a different point of view.
Conclusion
Books are a great asset that will help you brush your entrepreneurial skills and get deep insights into the life of successful business persons. In addition, developing a daily habit of reading books will enhance your personality, help you get a good grasp of language, build leadership skills, and all the other characteristics required to become a successful entrepreneur.
The five best business books recommended above are a must-read for every business-minded person that will bring clarity about what business is. These books also contain real-life experiences of successful business persons, which will help you to learn from their mistakes and get motivated.
Also Read:
1) What Is IPO? Definition, Types, Eligibility, & Process.
2) What is a Business Emergency Plan? Time To Review Your Finances
3) Things You Should Know Before Co-Signing a Loan for Someone Else
4) Where To Get Your Insurance Policy – Online Or Offline?
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FAQs
Q. How much time should we devote to reading books?
Ans. You can devote at least 1-2 hours a day to reading books. This way, you won’t get exhausted by reading too much and will also maintain a healthy habit of reading daily.
Q. How many books shall we read in a month?
Ans. It depends upon a person on how much he/she can devote their time to reading without getting exhausted. For a beginner, it would be recommended to complete 1 book in a month or so, and the person who already has good reading habits can opt to read two or even more.
Q. Will reading books directly help in making my business successful?
Ans. No, it doesn’t guarantee you instant success just after reading a book. It indirectly helps you in building the skill sets required for growing a business and making it successful.