Reading Books is the Aspiring Entrepreneur’s Secret to Success: Here are Some of the Best

Books stacked together, image used for edward dovner's blog about reading books to benefit entrepreneur

Trying something new is always a daunting task, especially if it’s a risk you’re taking in your career. There’s the chance you’ll fail, especially if you aren’t prepared to be an entrepreneur. The entire entrepreneurial process is a risk, because you never know if your business will succeed. In school, you weren’t taught the basics of being an entrepreneur, like how to find people to work for you, how to manage the finances of an entire business, or even how to start the business in the first place. You may feel like you don’t know anything, but remind yourself that all entrepreneurs were in your shoes at some point. As an aspiring entrepreneur, one of the most helpful steps you can take for yourself is reading books that can significantly impact your career and push you to accomplish your dreams.

Unshakeable by Tony Robbins

The first book on this list focuses on providing the reader with solid financial advice that will greatly benefit them with their business. Even if you’re a more experienced entrepreneur, this book can be beneficial. Robbins focuses on personal and professional finance managing with advice from experts in the industry. If you feel unsure about the financial aspect of being an entrepreneur, this book solves that issue.

The 7 Habits of Highly Effective People by Stephen R. Covey

A classic, this book first came out in 1989 and has sold over 25 million copies since then. Covey’s book focuses on pushing the reader toward accomplishing their goals and creating a life they love. He leads readers on a journey that helps them identify their true values that can help them achieve their goals. Covey leads his readers toward not only being successful, but also happy.

Grit by Angela Duckworth

To Duckworth, she firmly believes that grit is what it takes to make people stand out and lead them to success in life. Even if you aren’t an entrepreneur, this book can be beneficial, as Duckworth focuses not so much on talent, but the value of hard work. Being an entrepreneur is major hard work, but grit is your secret weapon to making it work.

Be Obsessed or Be Average by Grant Cardone

Cardone is an entrepreneur who achieved significant success and now he wants to share his insight with other people to help them achieve their dreams. He gets his point across to aspiring entrepreneurs; that it’s up to them to make their dreams a reality. As an entrepreneur, you need to set goals and work toward them every day to see true success.

The 4-Hour Workweek by Timothy Ferriss

Almost instantly, Ferriss’s book became a success. This achievement likely happened because he offers valuable advice that entrepreneurs can actually use, as well as using a simple structure of four sections to advise people on the best way to organize their lives and businesses. Ferriss focuses on helping entrepreneurs pursue their passions and how to realistically make it happen.

The Importance of Risk for Entrepreneurs

City skyline at sunset, image used for Edward Eddie Dovner blog post about the importance of risk for entrepreneurs

People always mention entrepreneurs and taking risks in the same sentence and it’s a given that entrepreneurs are some of the biggest risk-takers when it comes to trying to grow their businesses. To some, taking a huge risk, especially with something as important as a business, is an intimidating prospect. There’s the chance of failure with any risk, which could mean losing your business and financial stability. However, risk could also lead to huge successes; this chance is what makes it a favorite of entrepreneurs. If you’re still skeptical about the importance of risk when it comes to entrepreneurship, read on.

Innovation starts with risk

The reasons risk is so important to entrepreneurs is that true innovation was never accomplished without risk. If you want to achieve true success with your business and smash your goals, you’re going to have to take risks. Some businesses may skate by on doing something they’ve always done or sticking to a stereotypical way of running things, but for many industries, this mindset will not work. Do you just want to have a mediocre business or do you want to be an influencer in your industry, who invents new products and ways of accomplishing tasks?

Your business could have the potential to be a huge success, but you’ll never know until you take the risk. If you currently run your own business, but are afraid to take risks, remember that starting your business in the first place was a risk. Starting any business is a risk, because there’s no guarantee it will succeed.

True entrepreneurs take risks

Like I mentioned, just being an entrepreneur involves taking risks when you start your own business. In addition, it sets the true entrepreneurs apart from those who aren’t sincere about the entrepreneurial journey. If you really want to be an entrepreneur, you’ll need to embrace risk and let it become part of your business strategy. Risk-taking identifies you as a leader and shows other people you’re ready to take charge and make decisions. Someone who’s a follower is willing to let others take the big risks.

Keep your risks calculated

Before you begin taking any kind of risk that comes your way, keep in mind that there’s such a thing as a calculated risk. As an entrepreneur, you need to be smart in your risk-taking. Don’t take a risk that seems completely unlikely to succeed or would tank your business and personal finances if it didn’t go perfectly. The secret to being a great entrepreneur is taking regular calculated risks that move your business along and being able to identify a big risk that’s worth it.

Even if you fail, you learn something

Finally, keep in mind that even if you fail, you can still learn something valuable. It’s important to know how to learn from your mistakes so you can grow as an entrepreneur and as a person. If you take a risk and it fails, acknowledge what went wrong so you don’t make the same mistake again. Instead of pouting over mistakes, learn from them.

Five Highly Effective Business Tips For Entrepreneurs

Five Highly Effective Business Tips For Entrepreneurs | Eddie DovnerNew entrepreneurs who are starting their own businesses are bound to hear a wide variety of different advice. It can be hard to know who to listen to. After all, many of the people offering advice don’t know much about running a company. The key is not to overthink or overanalyze. Here are five simple steps that can lead you to success in your business.

  1. Start with a detailed plan

It is absolutely imperative that you develop an in-depth plan that maps out how you’ll conquer the challenge ahead. Your plan should clearly state your mission, define any opportunities you’ve identified, establish measurable goals, identify your target and set a deadline for each milestone throughout the journey. It’s crucial to have a plan, but it’s also important to be flexible enough accommodate any unforeseen circumstances that may arise.

2) Network, network, network

A business cannot reach success unless the founders are constantly networking. Even after your business reaches new heights, it’s important to continue networking. At the start of your growing company, you’ll need to create your own word-of-mouth until you’ve established your business. Be your own brand ambassador and start your own momentum. Take advantage of the trade shows, events, and networking groups that exist to connect you with other professionals. The connections you make can turn into future mentors, business prospects and strategic partners with the ability to help grow your business.


3) Stay ahead of the curve

Don’t stay focus on the present. To be a successful founder, you’ll need to think beyond the day-to-day. Keep one eye on the future at all times. You’ll need to think about upcoming changes that may happen in your industry. You need to stay focused on the next big thing, or else you will fall behind. If you study business trends enough to be able to anticipate what’s coming next, you will be able to adapt and evolve to the changing environment of the industry.

4) Surround yourself with success-driven people

It’s great to have mentors and strategic partners, but these aren’t the only people you need to associate with in order to reach success. It is equally important that you surround yourself with a solid team. Make sure you build a team with intelligent, driven and talented employees who share your vision. This team can change your business for the better and accelerate its growth. If you hire positive employees who have a can-do attitude, you will be able to foster teamwork in the company culture. If everyone works together, everyone can collectively celebrate their company’s success.

5) Create a healthy work-life balance

As a new business owner, you’re bound to put a lot of time and energy into the company. As difficult it can be, you need to find a healthy work-life balance. Don’t allow your work to dominate your life. If you let this happen, you may lose touch with some of the most important people in your life. Also, make sure you’re taking care of your health and well-being. If you don’t take time for yourself, you’ll get burned out. This will limit how much you’ll be able to achieve.

Starting a business can certainly be challenging. But if you keep these five philosophies in mind, your company is sure to be successful.


4 Ways You Benefit From Taking The Scenic Route To Success

4 Ways You Benefit From Taking the Scenic Route to Success | Eddie DovnerWe all want to reach success, but many of us struggle with figuring out how to get there. It’s easy to think that there is one set path to success, but there are many CEOs and other successful entrepreneurs who end up taking more of a “scenic route.” In fact, it’s best not to take the shortest possible route to get to the point to want to reach. Here are a few reasons to take the scenic route to success:

  1. You live by your own rules.

While living by your own rules is often used to describe a reckless lifestyle, there is something to be said for going outside of the box. Life needs structure, but who says you can’t build that structure? For some, the eight-hour work day just doesn’t make sense. Not everyone is meant to live practically. It’s important that you choose a path in which you fill fulfilled rather than a life that simply looks good on paper.

2) You learn to adapt to change.

Sometimes issues come up in life that changes your trajectory a bit. Nothing is going to go as planned, and sometimes going the scenic route is the best response to the events that are happening. There is a quote that says “A bend in the road is not the end of the road unless you fail to turn.” Once you embody this, you’ll be able to tackle any challenges that come your way. You may have to do something unexpected or unconventional, but that’s okay because you’ve done so before.

3) Your experiences can help you in the future.

In an article for Misc Magazine, Dr. Ted Witek speaks about his father’s career path. He received a degree in metallurgy but then decided he was passionate about civil engineering. He took courses while obtaining his PE license. In his 70s, he decided it was never too late and acquired his Master’s in Environmental Studies. When he visited Florence, he was able to use his knowledge of art history from an elective he previously taught. Sometimes, the knowledge you obtain in a seemingly irrelevant area can help you later in life.

4) It enhances your inventiveness and critical thinking.

In this day and age, many people are in a race to reach success. Instead of cultivating patience and persistence, we think that our success stories must be linear. We do not accept risk and we don’t focus on career fulfillment nearly as much as we should. If you focus more on the bigger picture and become less career-oriented, you will be able to gain expertise in a number of areas. Diversifying your expertise helps you become more well-rounded. You will be better at critical thinking and be more innovative.

Overall, we need to think of our career not as a race to the finish line but rather as a journey through which we pick up a number of skills and experiences. When you take the “scenic route” to success, you’ll find that your life and your career are much more fulfilled.