Categories: Entrepreneurship

Five Books Every Entrepreneur Needs To Read

What do Bill Gates, Arthur Blank and David Rubeinstein all have in common?  Well, besides billions of dollars and a legacy of being pivotal leaders in their fields, they read — and they read a lot. Bill Gates gets through 50 books a year, co-founder of Home Depot, Blank, spends two hours a day reading, and billionaire entrepreneur Rubenstein is said to finish six books a week — that’s over three hundred a year, so we’re impressed.

Racing through even one hundred books in a year might be a little optimistic, but, whether you’re able to finish five, fifteen or fifty, reading books can be an essential component to growing as a businessperson, leader and individual. You can learn new skills, find inspiration and learn from the people you admire, so don’t be afraid to open up a book and dig your nose into it. And, for some suggestions, here are some of the best books for entrepreneurs we recommend.

Deep Work: Rules for Focused Success in a Distracted World by Cal Newport

A great companion for the just-starting entrepreneur, Newport’s Deep Work helps cultivate the eponymous skill of delving with intense focus into a particular task. Advice about implementation and a training regimen are fused with entertaining narratives and an argument about how being overly, superficially connected stands in the way of our best work. Newport is a Georgetown professor and the founder of Study Hacks.

The 7 Habits of Highly Effective People by Stephen R. Covey

Even if you haven’t heard of it, you’ve most likely heard of it — Covey’s book has become a classic, similar to Dale Carnegie’s How to Win Friends & Influence People. The book details actionable ways to develop the principles that help us better adapt to change, take advantage of opportunities and cultivate better personal and professional lives. Since it was published in 1989, the book has sold over 20 million copies and has been published in 38 languages.

The Obstacle is the Way: The Timeless Art of Turning Trials into Triumph by Ryan Holiday

Difficulties, Ryan Holiday argues, are what you want out of life. Adapting the Greek philosophy of stoicism, or the idea that adversity must be endured in order to persevere and come out stronger the other side, The Obstacle is the Way seeks to inspire readers with stories of everyone from Amelia Earhart to Steve Jobs, showcasing how they turned impossible situations into unrestrained success.

The Power of Positive Thinking by Normal Vincent Peale

This is another one of those foundational texts that shaped entrepreneurs, creatives and CEOs across all manner of industries. Motivational speaker Peale argues one of the classic views you’ll find in all of these books — think big and visualize your goals — but he emphasizes the importance of a positive attitude. While this might be a common perspective now, you’d be well-served to read the text that started the movement.

Think & Grow Rich by Napoleon Hill

The title alone is pretty ambitious, but Hill, commissioned to write the book by Andrew Carnegie, has done his research. Yes, it was written in 1937, but the author interviewed over 500 of the 20th century’s biggest names and their advice still resonates today. Think insight from Alexander Graham Bell, John D. Rockefeller and Charles M. Schwab, describing not just the philosophies, business acumen and steps that brought them success, but how these ideas can be implemented within your own life.

This list doesn’t come close to sharing all the influential, sometimes, ground-breaking books that should make your to-read list. Here are a few runners-up for the best books for entrepreneurs: The Effective Executive by Peter Drucker, Conscious Capitalism by John Mackey and Raj Sisodia, and Lucky or Smart? by Bo Peabody.

Lead image via Getty

Kim Bussing

Kim Bussing is a writer and editor who covers lifestyle, finance, entertainment, technology, and business for Knew Money. She is passionate about discovering new trends and helping demystify the nuances of finance.

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