Recommended Financial Help Books That Make a Difference
Starting and running a small business can be a challenging endeavour. Whether you’re a seasoned entrepreneur or just starting, it’s crucial to stay informed and make informed financial decisions.
Fortunately, there is a wealth of knowledge available in the form of books that can guide you through the maze of business finances.
I must admit that I am a book addict! I love books, especially the ones that get my mind buzzing with new ideas.
It has been hard for me to choose just 10 books that have had a profound impact on my business but in this blog I will explore some of the must read and highly recommended financial help books for small business owners, who want to achieve financial success in business.
1. “Profit First” by Mike Michalowicz
“Profit First” is a game-changer for small business owners looking to improve their financial health. Mike Michalowicz’s approach to financial management will transform the way you think about your business’s money. The core idea is simple but powerful: prioritise profit by allocating funds for it first, rather than treating it as what’s left after expenses. This book provides a practical blueprint for achieving financial stability and growth.
2. “E-Myth Revisited” by Michael E. Gerber
Michael E. Gerber’s “E-Myth Revisited” is a must-read for any small business owner aiming to work on their business rather than in it. The book delves into the difference between being an entrepreneur and being a technician, offering insights into building systems and processes that can lead to sustainable success. While it’s not strictly a finance book, its principles can significantly impact your business’s financial performance.
3. “Atomic Habits” by James Clear
James Clear’s “Atomic Habits” may not be a traditional finance book, but it’s a valuable resource for business owners. The book explores the science of habit formation and how small changes can lead to significant improvements in both personal and business finances. By understanding the power of habits, you can make better financial decisions and drive success in your business.
4. “The Lean Startup” by Eric Ries
Eric Ries introduces the concept of the lean startup, emphasising the importance of testing and learning in a cost-effective way. By adopting lean principles, small business owners can optimise their financial resources, reduce waste, and increase their chances of success.
5. “The Richest Man in Babylon” by George S. Clason
Although this book is set in ancient Babylon, its financial principles are timeless. George S. Clason’s classic offers practical advice on money management, including the importance of saving, investing, and growing your wealth—a must-read for anyone seeking financial wisdom.
6. “Good to Great” by Jim Collins
Jim Collins explores the characteristics that set great companies apart from their competitors. By understanding the principles outlined in this book, small business owners can make strategic financial decisions that lead to long-term success and sustained growth.
7. “The Millionaire Next Door” by Thomas J. Stanley and William D. Danko
This book sheds light on the habits and characteristics of millionaires in America. It offers insights into building wealth through smart financial choices, frugality, and disciplined saving—a valuable guide for small business owners aspiring to financial prosperity.
8. “Think and Grow Rich” by Napoleon Hill
Napoleon Hill, America’s most beloved motivational author, devoted 25 years to finding out how the wealthy became that way. After interviewing over 500 of the most affluent men and women of his time, he uncovered the secret to great wealth based on the notion that if we can learn to think like the rich, we can start to behave like them. By understanding and applying the thirteen simple steps that constitute Hill’s formula, you can achieve your goals, change your life and join the ranks of the rich and successful.
9. “The Success Principles” by Jack Canfield
The Success Principles is a watershed book and platform for a renewed era of Success-oriented culture, touching on every aspect of our 21st-century lives. As Napoleon Hill’s Think and Grow Rich was an innovative and durable touchstone for readers last century, so this book will become the new self-improvement standard for our own. From graduates and teachers to parents and self-starting business aspirants, Canfield offers readers practical help and inspiration for getting from where they are to where they want to be.
10.”Rich Dad, Poor Dad” by Robert T. Kiyosaki
Rich Dad Poor Dadis Robert’s story of growing up with two dads — his real father and the father of his best friend, his rich dad — and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you.
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Don’t have the time to read all 10 Top Financial Help Books for Small Business Entrepreneurs, before you start your business? I get that, but you don’t need to read them. You can listen to them via Audible! If you sign up for Audible’s free 30-day trial you can get one of these books to keep for free – that’s right, free knowledge!
Personally, I love listening to audiobooks when I’m moving. I have them on in the gym, on a dog walk, whilst I’m cleaning or whilst driving somewhere so that I can learn on the go.
Conclusion
These financial help books can serve as invaluable resources for small business owners looking to improve their financial acumen, make informed decisions, and achieve lasting success through small business success strategies. Whether you’re focused on profit-first strategies, business systemisation, habit formation, or overall financial wisdom, these books have something to offer. Pick up one or more of these titles, and embark on a journey to enhance your financial literacy and transform your small business. Your financial future may depend on it.
Remember, regularly reading and learning from such books is a wise investment in your business’s growth and long-term success.
Disclaimer: This post 10 Top Financial Help Books For Small Business Entrepreneurscontains links to products I believe to be useful to the reader, from which I may earn a small commission, but won’t cost you any extra.
