Top 5 Books Every Business Owner MUST Read!

In the business category alone Amazon.com has 1.3 million entries. Within that 30000 plus are for small ones and entrepreneurship. In 1865, Horace Greeley wrote that in order to have success, enterprising individuals should “Go west and grow up with the Country”. Well, it’s not 1865 anymore and entrepreneurs now tend to think out of the box. No matter who you are a helping hand is always welcome so here are top 5 books of the year every business owner must read.

It’s nice to think that art can help provide a small respite from the ugliness of the world. Well, this is an art too and one must be very careful nurturing it. 2016 is shaping to be as good a year as 2015 was if not better.

best business books

1.     It’s the planning that matters not the plan

Tim Berry is the founder of Palo Alto Software and BPlans.com. He is a ‘go to’ for everything plan related and his book is no exception. He launched his book Lean Business Planning: Get What You Want From Your Business. It focuses on the creating of a mega plan. It encourages its readers to create a manageable plan that helps them succeed.

2.     Think Differently

Julia Pimsleur CEO of little Pim in her book Million Dollar Women: The Essential Guide for Female Entrepreneurs Who Want to Go Big. She speaks about her own story of being one of the few women to become an entrepreneur. She also introduces other strong women to channelized and raised capital for their business and became famous.

3.     Marketing Tips

Larry Weber’s and Lisa Leslie Henderson’s book The Digital Marketer: Ten New Skills You Must Learn to Stay Relevant and Customer-Centric does not disappoint. It is for those who are constantly searching for  marketing tips. It also provides outlines of what digital marketing looks like today and how to engage your audience.

4.     Boss Tips

Making a business success needs a good blueprint; well it’s time to counter the thought.

Kathey Porter’s book 50 Billion Dollar Boss: African American Women Sharing Stories of Success in Entrepreneurship and Leadership is centered around the fact that there isn’t any blueprint for African American women to achieve success and sometimes they just make their own blueprints along the way. The books also provide great leadership tips for readers to launch and grow their business.

5.     Road Map for Success of your Business

Jeff Hoffman and David Finkel’s book Scale: Seven Proven Principles to Grow Your Business and Get Your Life Back talks about the way one can remove the dependence from oneself to independence which will provide the entrepreneur time for his personal freedom the first thing for which one comes into the business world.

Starting a business is not a small affair and one should do all the research work before starting .A person is known from the books they read and if one’s goal is to build a massive business where they can call the shots, one must start reading these books.

How to overcome hurdles

hurdles in businessAnyone who runs their own business, whether this is an administration firm or building company, will know that not everything runs smoothly all of the time.

A person or company’s reputation can easily be tarnished in a matter of minutes, especially in the digital age where a bad comment, poor decision or wrong move can stick around in cyberspace forever.

That’s why you can never be too prepared when it comes to dealing with crisis management. It’s important to have a plan in place to control or respond to a potential situation quickly and effectively.

If you do find your company is at the centre of unfair attention or negative press because of a slip up, it’s worth remembering that not everything runs perfectly all the time. Having thick skin and being quick-thinking will help you overcome any hurdles.

Besides, even the largest companies out there have had their fair share of problems in the past – read on to find out how they have survived.

Prepare

Don’t wait until a crisis hits to put together a contingency plan. Instead of acting off the cuff when emotions are likely to be heightened, it’s better to have a procedure in place so everyone involved knows what the company policy is on negative issues and bad press.

If you can see potential threats in advance, you can prevent them or easily overcome them should they occur.

Leadership matters

Take Apple, for example. The company always had plenty of brainpower but it wasn’t always utilised effectively for its own gain.

When Steve Jobs came along after a brief hiatus away, it finally had a leader with the vision to anticipate what customers wanted, all the while maintaining his famously high standards.

Foresight, adaptability and being firm but fair are all essential qualities in a leader, but this is just the tip of the iceberg.

Rebrand

McDonald’s has been around for so long and with restaurants in practically every country on the planet, it’s difficult to believe it has dealt with any kind of hardship.

In the late 1990s and early 2000s, however, the fast food empire was not doing so well and in 2003, for the first time in the company’s history, it reported a slump in profits.

But did McDonald’s just roll over and give up? Of course not.

Instead it dedicated itself to providing healthier meals and a more transparent operation in a bid to silence critics – and it worked.

The message is; if it’s broke, fix it or alter it slightly.

Calm staff

If your company is faced with a crisis, obviously nothing positive will be achieved if everyone is stressed and tense.

When IBM posted an $8 billion (£5.2 billion) loss in 1993, a new chairman was brought in to clear up the mess and what he found was a culture of in-fighting and finger pointing.

Thankfully, this was quickly nipped in the bud and the new chairman not only declared a fresh start and new culture, he introduced incentives to ensure managers embraced it.

It’s good to talk

Keeping the lines of communication open is essential when dealing with a crisis. If you need to schedule a meeting instantly to bring leaders together, then free conference call services like those offered by Buzz Conferencing are a good solution. Taking advantage of such technology means you don’t need to waste time booking a meeting room and waiting for people to come into the office.

Problem-solving and decision-making will lead to a much better outcome when heads are put together. Don’t go it alone.