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What Book To Read About How To Start Your Own Business?

For all the peeps out there who have read helpful book regarding entrepreneurship or have them to lend to fellow Dpers looking to learn the topic. I am sure many great minds here have at least one book they can think of that helped them start a business. Any info would be awesome and greatly appreciated!

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Find a small buisiness owner

And work for them at a discount with the understanding that you want help learning how to run an enterprise

This doesn't even have to be a full time position, just on the nights/weekends to trade business experience for discounted labor.

During the rest of your time dedicate your labor to your enterprise.

The invisible hand is an amazing force which will guide you.

Most businesses take years to become sustainable, so don't be dismayed just keep plugging forward

I followed the path mentioned above and 3 years later I was able to go full time and draw a salary from the operation

Good luck in your endeavor

Josh Tolley

i listen to josh tolley for liberty minded subjects and non biased (if there is a such thing) news and reporting but he has books and does lectures on entrepreneurship. should be a good place to look

St.Amant, LA...Libertarian Party of Ascension Parish

We didn't read a single business book

prior to starting our business. When my wife and I started our speech therapy clinic, one of the reasons was seeing the backlog/wait list our competitors had....6 month wait list!

My advice, is to start as a side project out of your basement/garage. We did just that and made the (scary) leap to an office space when customer count/growth trajectory deamed it wise.

Start with cash if possible. We haven't borrowed a dime and it really let's you focus on the business and your customers.

As for advertising, google adwords (adwords express)has been by far the most productive ad avenue.

Books? We both really enjoyed http://www.amazon.com/EntreLeadership-Practical-Business-Wis... and I'm currently reading http://www.amazon.com/Thou-Shall-Prosper-Commandments-Making...

Find a good CPA. Be prepared for research!! Word press is great for a cheap website. This has been an education well worth the price paid.

Gather intel about your competition.

Intel, Intel, Intel. Shop your competitors, see who the players are and size them up. Create a system to deliver your product and service. Look at their systems and pricing. How do they advertise? Create a budget and a time line. Write your own business plan and you will then know everything about your business. Then set forth and take the risk. Score.org has templates that are very useful. Once you know your margins, costs and competition then its time to act. Most people don't act at all. Even if you have set backs your doing something that most folks will never attempt. Go get them tiger!!!!!

tasmlab's picture

The 4 hour work week is fun

The 4 hour work week is a fun read. It's sort of a mish mash of business basics, self productivity, adventure travel, budgeting, and worldview. It won't teach you how to run a business, but it has some good pointers.

Somebody below said to hold off on writing a book, but I might read twenty! This said, I've ran my own company for 10 years and never read a book on it prior to starting.

Without knowing what your business is, my advice is to not worry about all of the trappings of being a business (office, business cards, marketing, accounting, legal) and just focus on fulfilling customer needs, doing a great job and getting paid. Everything else falls in line after revenue.

What's your idea or business? That determines a lot. E.g., starting a software company is a lot different than leasing porta-potties or launching a satellite radio service.

Currently consuming: Gatto: "Underground history of education..", FDR; Wii U; NEP Football

The most important read would

The most important read would be found at the IRS.gov site. Be sure to understand how to keep a good portion of what you earn.

E myth

E myth

I own my own business

and have not read a book about running a business, but a few words of advice. Never, ever, ever get a business partner, find the cheapest rent possible and don't sign for more than a year with an option, incase it fails, plan on having enough money put aside to survive in your daily life for at least a year, and have enough working capital to survive in the business side for a year, rent, utilities, etc.. You are gonna want to pump all profit back into the business to grow it when you first start it. This is if you are going brick and mortar, oh and don't forget, never, ever, ever, get a business partner, I can't say this enough. Good luck!!!

Those who expect to reap the blessings of freedom must. like men, undergo the fatigue of supporting it.-Thomas Paine

The R3volution requires action, not observation!!!!

If I was thinking of

starting a business I would talk to people in business before reading a book about it.

Talking to people in the business a person wishes to pursue may lead to connections and gauge the profitability in the location in which the person lives.

My dad had a sixth grade education and ran a grocery business for many years.

Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.

Michael Nystrom's picture

It depends on what aspect you're looking for

At the top of the list conceptually for me is Rich Dad, Poor Dad

It gives you the understanding as to why. If you're beyond that, and want to get on with doing - the question is - do you know what it is you want to do? Or are you looking for an idea?

There are many, many examples of what people have already done in The Hundred Dollar Startup

A book that gives you a conceptual idea about how to go about it is The Lean Startup

I've read all or lots of the above three, and they all have their merits. There probably isn't going to be just one book - there are so many aspects to it.

Here's one more, though I can't say I've read it, though I've met Bill before, and he is a superb individual. Disciplined Entrepreneurship.

That should give you a good start.

Otherwise, plunge in and expect things to take twice as much time as you expect, cost twice as much, and expect half as much money. That is what I call the rule of halves and twos, lol.

Being optimistic in the planning stage is essential, but so too is being realisic.

Good luck. Keep us posted.

:D

The only way to make sense out of change is to plunge into it, move with it, and join the dance. - Alan Watts