5 Must-Read Books for Business Owners for Your Success!

So, you’re trying to learn everything at once, like how to manage your business’s cash flow, attract more customers, and scale a good business offer, then one of the best ways for you to gain knowledge and insight is through reading books.

The right books can always change your mindset (it changes mine), give you strategies, and guide you through the hardships of entrepreneurship.

So, if you’re a business owner, here are five must-read books for business owners that can set you on the right path.

Must Read Books for Business Owners

1. $100M Offers by Alex Hormozi

Alex Hormozi wrote this book (which is the first book in a three-part series) with one thing in mind, “helping businesses create offers that people feel stupid saying no”. I have read the whole book (without skimming), and it will teach you how to position your products or services in a way that people will feel stupid refusing to buy them.

In this book, Alex Hormozi dives deep into the psychology behind great offers, and says that a good offer isn’t just about pricing, but it has many more components to it (read the book yourself to know about the components, I won’t give any spoilers). The book is packed with practical tips, and examples that you can implement right away.

The language is pretty straightforward and easy to follow (even a teenager can understand it), which makes it perfect for everyone. You won’t be bogged down by jargon or complex theories, instead, you’ll get actionable advice that can help you sell better, faster, and more effectively.

In my opinion, what sets $100M Offers apart is its focus on creating value, because if you make good money from your business after reading the book, then Alex Hormozi will feel honored to invest in your business. Hormozi argues that if you can make your offer so good that people feel like they’re getting a steal, you’ll have no trouble attracting customers (which is pretty true in my opinion).

2. $100M Leads by Alex Hormozi

After mastering your offer, the next biggest challenge is finding the right people (“Leads”) to buy it. That’s where $100M Leads helps. In his second book after $100M Offers, Alex Hormozi tackles lead generation, how to attract the right customers to your business.

Generating leads is the main part of running a successful business (in my opinion), because without a steady flow of potential customers, even the best offer won’t matter. In this book he breaks down various lead-generation strategies, from organic methods like free content to paid strategies like ads.

One of the strengths of $100M Leads is its focus on building a lead generation system that works consistently. In his book he also adds many stories from his life which makes this book pretty easy to digest.

New and old, every entrepreneur struggles with this aspect of business, because they feel overwhelmed by the sheer number of lead generation strategies available. This book simplifies the process and helps you identify the best methods for your specific business.

So, if you’re looking to grow your customer base and scale your business, make sure to give this book a good read, it offers practical guidance that can help you fill your sales funnel with high-quality leads.

3. Rich Dad Poor Dad by Robert Kiyosaki

Rich Dad Poor Dad is the book which will make a strong base in your mind to manage your personal finance, here Robert Kiyosaki also uses stories to make all the knowledge in this book more memorable (like Alex Hormozi), he tells stories about his “rich dad” (his best friend’s father) and his “poor dad” (his biological father) to highlight key financial lessons that are important for anyone looking to build wealth.

The book emphasizes the importance of financial understanding and how understanding money can make all the difference in your business journey, he says that the traditional path of working hard, saving money, and investing in a retirement account isn’t the right option in this modern era, and instead, he motivates readers to think like entrepreneurs, focus on building assets that generate passive income.

One of the biggest takeaways from Rich Dad Poor Dad is the idea that your mindset around money matters more than how much money you have, he always challenges conventional wisdom and pushes readers to think about how they can make money work for them, instead of working for money.

Important note: In my opinion, the way he markets the book, giving the message that read this book and become a millionaire, is somewhat wrong, but the knowledge in it is pure gold.

Related: 8 Time Management Tips Every New Business Owner

4. The Psychology of Money by Morgan Housel

The Psychology of Money takes a somewhat unique approach to financial wisdom, here Morgan Housel focuses on the psychological side of personal finance and investing, and argues that success with money is not just about knowledge or strategy, but also about behavior.

Housel explains that people often make irrational decisions when it comes to spending their money, and let emotions drive their choices, which can lead to poor financial outcomes. Through storytelling, he illustrates how understanding your own psychology can improve the way you handle money, both personally and in your business.

For business owners, mastering the psychology of money is imporyant, you’ll face situations where emotions could easily cloud your judgment, this situation can be deciding how much to invest in your business or choosing between short-term gains and long-term stability.

Housel’s writing is clear and easy to follow, making it a great read for anyone, regardless of their financial background etc. The lessons in The Psychology of Money will help new entrepreneurs avoid common money mistakes and build a strong financial foundation.

5. The 12 Week Year by Brian P. Moran

The 12 Week Year is about dividing your 12-month year into 4-month year, basically it says you to set short deadlines to get things done quickly, because many business owners struggle with setting and achieving their goals. They make grand plans for the year, but a year is a lot of time.

This shorter time frame creates a sense of urgency, which always helps you focus and accomplish more in a shorter period, the book outlines a system for setting clear, measurable goals and tracking your overall progress.

In my opinion, for business owners, this approach can be a game-changer, because it’s easy to get lost in the day-to-day operations of running a business and forget about the big picture. The 12 Week Year helps you stay on track by breaking your long-term goals into manageable small bites.

Moran also gives importance to accountability and recommends creating a weekly plan and reviewing your progress every now and then to ensure you’re staying on course.

Related: 10 Cash Flow Tips Every Startup Must Know!

Conclusion

These five books offer a fountain of knowledge for all kinds of business’s owners, these books can help you craft the perfect offer, generate leads, improve your financial literacy, and understand the psychology behind money, or even execute your goals more effectively, these books cover all the bases.

Reading them won’t just give you valuable insights, but they’ll also help you build the habits and mindset necessary for long-term success in your entrepreneurial journey.