We want to share with you five inspiring business books we read over the summer that we believe will help you cultivate your financial knowledge and help you better understand the world of business and entrepreneurship.
Lords of Finance: The Bankers Who Broke the World – by Liaquat Ahamed
Liaquat Ahamed’s in-depth research into the lives of the central bankers in United States, France, Germany and England provides an interesting view on the European history from a financial perspective.
If you would like to learn how the financial world was transformed from the World War I to the Great Depression in the 1930s and then subsequently to the World War II, then you will definitely love this book. This is definitely an interesting read on the Financial History of the early 20th Century Europe.
To Sell Is Human: The Surprising Truth About Moving Others – by Daniel H. Pink
If you ask somebody what’s the first thing they think when you say “Sales”, most of the time people will respond “Used Cars Salesman”. Contrary to the common associations with Selling, Daniel H. Pink shows in a very interesting way how each of us is actually selling all the time without even noticing it.
Whether you are getting ready to negotiate a new promotion or your are considering asking for a raise, then you will certainly enjoy reading this book. Selling is no longer about getting someone to part with money in exchange for your product or service. In reality Selling actually involves moving others to either adapt your point of view or do something you need them to do. If you want to learn how to be more persuasive and a better communicator, then this book is for you.
Enchantment: The Art of Changing Hearts, Minds, and Actions – by Guy Kawasaki
To succeed in business and in life you need to be able to positively influence others. As you’ll learn in the previous book To Sell Is Human, understanding how to move people is an essential tool to master. However, selling alone is not sufficient. Guy Kawasaki argues that to be truly remarkable you also need to be able to enchant others. In this book Guy outlines twelve simple steps anyone can fallow and adapt in order to better enchant others and leave a lasting impression on people you interact with daily or for the first time.
My wife Diana and I had an amazing opportunity to attend Chris Guillebeau’s World Domination Summit on July 5th, 6th and 7th 2013 in the beautiful Portland, Oregon. This event was both inspiring and energizing.
If you ever wanted to start a side business in the hopes of turning it into something bigger and more meaningful, then I strongly recommend you read this book. In the $100 Startup, you will discover many small businesses and their owners who started from nothing and evolved into successful ventures. You’ll learn how to build a business around doing what you love. How to launch your products and services in the most optimal way in order to reach the desired audience and much more. This book is fun, educational and inspiring. You will definitely take action on your business ideas once you finish this book.
The idea of the “Lean Startup” is constantly heard in every entrepreneurial circle around the globe. What makes this book both educational and practical is that Ries showcases in very clear terms what business owners should do to avoid building products that nobody wants and/or needs. The idea behind the Lean Startup is to release your product into the market as soon as possible and to evolve and tweak the product along the way as you discover more information about your audience and their preferences. This is usually very different from how many companies behave today.
Most business spend a lot of resources developing what they think is the perfect product and then once the product is released to the market, these companies find out that their initial assumptions were erroneous and that the customers either do not want to deal with the product or prefer features of the product that were not initially designed.
If you are contemplating (as you should be) the idea of starting your own business and developing your own products/services you this book is a must. This short read will not only save you potential unnecessary expenses, but it will also help you be better prepared in case you need to pivot your strategies and tweak your initial idea.
We hope these books will be of great value to you on your journey in business and finance. We would really love to hear your feedback and/or comments on our work here at the Financial Analyst Warrior. What interesting books are you reading this summer? We invite you to share your stories with our community in the comments section below.