Expressed opinions Entrepreneur Contributors are their own.
Entrepreneurial attitudes are growing and people want to succeed in their own business. Towards the end of 2020, including publications The Wall Street Journal There were comments from millions of people taking the startup leap. By 2021, CNBC reporting has made it clear that entrepreneurs, especially young people, are here to stay.
Yet overcoming the biggest hurdle of being a boss takes more than haste, consciousness and imagination: almost half of all businesses fail in five years. A serious consideration for any founder. However, it is a wake-up call that if you want to win this race, you have to plan for success.
There are many ways to increase the likelihood of seeing your brand improve and grow. One of the easiest ways to find out what works for others and to tap into that information is to read business books.
To start your journey on profitable entrepreneurship, consider one of these books.
Related: 3 Steps to Creating a Profitable Business Idea
1. Mark Achler and Mert Hilmi Iseri – Exit right
If you are like many entrepreneurs, you have not started your company to be in the lead forever. You want to sell it one day. Here’s the problem though: if you don’t invest in the right place from the start, you won’t get the top dollar. So spend time together Exit rightA book to help owners like you see the world through the lens of your company’s future partners, investors and buyers.
Backed by years of experience in providing services and investing in startups, authors Mark Achler and Mert Hilmi Iseri focus. Exit right To help readers understand how to set up their business now to ensure a better exit later. Based in part on extensive interviews with mergers and acquisitions leaders, this guide explores issues such as assessment assessment and word sheet comprehension. Even if you are in the early stages of starting a brand, you will still benefit from the no-nonsense playbook of Ackler and Iser.
Related: How to efficiently position your business to exit
2. Sarah Knoll Wilson – Do not feed the elephants!
There is no such thing as a toxic culture that can destroy a business. Still, many founders look the other way. Their hope? Either way bad feelings and negative undercurrents will work on their own – or disappear altogether. In the experience of executive coach Sarah Nol Wilson, this will not happen. Instead, you need to learn how to identify your problems. That way, you can make sure you Do not feed the elephants!
As Wilson mentioned, you can expect a lot of “elephants” to run in the way of a healthy work environment. Avoidfant. Blemfant. Nazfant. Knowing how to identify, control, and dismiss them gives you the upper hand. At the same time, it sets up your team to enjoy more positive interactions and conversations. In an age where it can be difficult to find and retain the best performers, you can bet your bottom dollar that every elephant you give up from your workplace will increase your chances of overall success.
3. DDS – You can be yourself here
Your employees want more than just jobs. They want to work for an employer that fully embraces them, no matter where they come from or where they come from. Inside You can be yourself here, Executive Trainer and Psychotherapist DDS explores ways for your company to embrace diversity and inclusion as a mindset. In this way, you can awaken the feeling of your relationship that even the new staff member will feel on the first day.
Whether your team works remotely or together, DDS will help you build a business culture that eliminates bias, petty aggression, and other barriers to peer acceptance, connectivity, and respect. Remember: The people you hire work with your customers. When your employees feel accepted, they are able to convey those good feelings to your prospects and customers. And it’s a great way to ensure repeat business.
Related: Avoiding the Sea of Equality: How Recruitment for Culture Improves DEI
4. Martin Grover – Advance speed
Many corporate founders use military metaphors to describe their operations and experiences. Among them is Martin Grover, author and Surface Warfare Officer. His new job, Advance speedTapping on technology at your fingertips teaches you how to change gears and glide into the Fourth Industrial Revolution.
Grover introduces readers to the mission-critical steps needed to build a self-sustaining company. From your people to your processes to your technology stack, you’ll discover how to strategize, test and repeat to get the best results. If you are committed to being the boss of a true learning culture, this is a book that belongs to your desk or bedside table.
Starting a business is not a difficult task. Keep moving towards a profitable one. Use your leisure time wisely to educate yourself about the successes and failures of others. You will be happy when you celebrate half a decade of leading your (entrepreneurial) ship.
