It may seem like entrepreneurs credit themselves for all of their inspiration and innovative ideas. But that is generally far from the case. Entrepreneurs seek out support and guidance from family, friends, mentors, business partners, fellow entrepreneurs, random things … and books.
Nowadays, millennial entrepreneurs have a plethora of resources available to help them learn the ropes of the roller coaster world of startups. If you’re interested in starting your own business or feel like you have entrepreneurial blood pumping through your veins, you should check out these books for some helpful tips and tricks to becoming a successful entrepreneur.
The Innovator’s Dilemma by Clayton Christensen
Clayton Christensen, a Harvard professor and businessman, discusses how successful companies fail even when it appears that they are doing everything “right.” What causes this oh-so-common situation? The rise and take over of unexpected competitors in the market. This is a great read when you are first analyzing the viability of an idea and whether it has the capability to withstand the test of time in the market.
The 4-Hour Workweek by Timothy Ferriss
This book will inspire you to get pumped up and take action. It rejects the traditional life plan of working your butt off so you can retire later on in life and only then enjoy the fruits of your labor. Instead, Ferris argues that you should invest in the “lifestyle design” so you can take advantage of your talents and riches now—not later, once you’re retired.
“The Four Hour Workweek” will keep you entertained and self-reflective. You have to admit; Ferriss knows how to say it like it is. At one point he argues: “…you are the average of the five people you associate with most, so do not underestimate the effects of your pessimistic, unambitious, or disorganized friends. If someone isn’t making you stronger, they’re making you weaker.”
The $100 Startup by Chris Guillebeau
We sometimes assume that entrepreneurs had it made or got lucky with a big investment. In “The $100 Startup,” Guillebeau gives plenty of examples of accidental entrepreneurs. Basically, he calls attention to the individuals who made success out of tough times or circumstances by turning a small idea or hobby into a profitable business. This book does not say everyone’s small pastime is going to be a success story; instead, he promotes creative thinking and the power of an effective business model to leverage success.
Would you recommend any of these books to millennial entrepreneurs? Tweet @StarterNoise.
Derek Rundell, is a successful business leader, operator, and serial entrepreneur. Derek has founded, managed and sold businesses in the technology, media and finance industries. He sits on several boards and serves as an advisor/investor to numerous established businesses and startups. Startups are Derek’s real passion, and in addition to building his own portfolio of technology, media and financial ventures, he invests in and mentors startups and entrepreneurs. He is passionate about sharing his knowledge and helping other businesses succeed.