There are so many books for entrepreneurs it can be difficult to decide which ones are the most releant for young people starting out in business. We have a pretty strong focus on tech on this website, but we’d like to emphasize that there are many paths to success, and not all of them lead to tech. A close friend started up NJ Flood and Fire Restoration and has had a significant amount of success. This is not a tech company and relies largely on sufficient marketing and excellent customer service. With that said, here are the top 5 which we think are essential reading for the young entrepreneur.
The 4 Hour Workweek, Expanded and Updated
This modern classic is required reading for any young entrepreneur who wants to see things a little differently. Tim Ferriss set the publishing world alight with this innovative approach to business and lifestyle. It is essential reading for anyone who wants to take an unconventional approach as to how lifestyle and entrepreurship can live in harmony to create your ideal day to day life.
Tim Ferriss was a very successful businessman early in life. He created a very successful business and was making money, but found that the fact that his life was consumed with work made him miserable. He sought a way to enjoy success, but without total burn out.
If Tim Ferriss wants to find out a solution to a problem, he examines it personally right down to the finest detail. His gives some excellent practical examples and email templates which are tried and tested in his own business.
This book will open your eyes to a different way of thinking. Don’t get seduced by the title. He really isn’t suggesting everyone can work 4 hours a week and make millions. What he is advocating is a very innovative way of achieving a balance between work and living.
Finding Success in Failure: True Confessions from 10 Years of Startup Mistakes
This is an excellent book which is highly recommended for young entrepreneurs starting out. Written by Lucas Carlson, who successful built a company which he ultimately sold to a Fortune 500 Company, this book shows that reducing your chances of failure is a key element of eventual success.
Carlson uses his own experiences in tandem with interviewing highly successful business people to find out how they have turned failure into triumph. He took a huge chance on giving up his employment but went on to raise $10 million worth of venture capital to start his business. He teaches us that fear has to be faced or it will stop us from getting where we need to be.
This is a particularly valuable book as it is written in a practical way and does not gloss over the hard work required to be a success, or the pitfalls that you will encounter. Instead it gives a realistic view of building a business whilst giving valuable insight as to how to minimize the inevitable failures that you will encounter.