Don’t Miss These 8 Small Business Finance Books If You Are an Entrepreneur

Being an entrepreneur is a difficult task. Everyone can’t be a successful entrepreneur as running a business is a very much tough job for anyone with a little experience and knowledge about the business. Running a business successfully is a very much difficult task for anyone. From the starting to the ending of the business, everything is a difficult and complex task for anyone. Selling or closing or increasing the business size, everything you will do in a business is a toilsome work to be done to a person with less experience.

How Can These Books Help You?

There are several books on business financing. But not everything contains the same levels necessary to read to gain some insights to run a business. But these following books on financing can give you some absolute insights to be a reigning successful business entrepreneur in the world of very much intense competition. These following books can help you in achieving these following things-

  • A better business structure can give your business a better opportunity to become a successful business than others.
  • Can help you run the business more effectively and efficiently than others in this competitive era of business.
  • Gives you a competitive advantage on your competitors as you have better structure and better quality
  • Provides quality product and service compared to others as you know the basic things of financing in what you should finance.
  • Can know the limit of short run and long run investment.

These books are highly recommended to those who are planning to start or expand their business in this competitive dynamic worlds market. They are presented here in case of these following steps which will be needed in the business and these steps are enough to maintain a properly balanced business from the starting to the ending and from starting, closing, selling, expanding or reducing the size of the business.

So you can read these following Finance books in case you need some insights to start a business.

Accounting and Finance for Your Small Business,

best finance books for entrepreneur

This book is written by Steven Bragg and Edwin Burton. The business needs an experienced accountant to run the business smoothly. This employee is a must that’s why you need to employ an accountant while starting the business. There is no chance of running a business without an accountant. You need to have an expert accountant to run a financially sound business on your own.

Key Points about The Book  

  • If you employ an accountant on your business, you’ll get details on budgeting on business, accounting, project management, fraudulent practice, balanced cash flow, and proper financing regularly without much fault.
  • The accountant can help you to get a proper balance about how much money a business needs to raise from a various source in order to run the business at a smooth flow.
  • This accountant and finance help in the business’s financial statement analysis to know the business’s current status and things need to be done according to the scenario of the business’s need. You need to change the business’s current strategy if you think that change is necessary.

Good to Great: Details about Why Some Companies Leap … And Others Don’t.

best finance books for entrepreneur

This book is written by Jim Collins. This book will teach you how you can make a business a successful one and why you can’t succeed in your business though you have everything that others have. It’s a matter of worry that even after my financial structure is sound, why my business is not getting the success what I want from it. This management classic will help you to find out the problem in your business and figure out how to make your business a success.

Key Points about The Book  

  • This book reveals why some business fails and some succeed in the competition though they have the same capabilities.
  • The main problem of most of the business is to not knowing what their problem to be solved is. This book solved those problems in this book by mentioning them.
  • As this book is an old classic, some of the information or advice is now seemed not exact or outdated, but this book can solve the problem if it is not a serious problem to the business.
  • This book enlivens the business’s spirit, so it is a great book to start in your business to get success.

The E-Myth Revisited

best finance books for entrepreneur

This book is written by Michael Gerber. This is a classic book on the entrepreneur’s myth before starting a business. This book is needed to read before you start the business. This book is worthy of reading before starting a new business. This ‘E’ in this E-myth book doesn’t refer to the word electric or electronic. This ‘E’ refers to the word entrepreneurship as this book in on starting a business.

Key Points about The Book

  • The basic theme of these books is that this book tells that every business owner is not the entrepreneur and every technician is not meant to be for business management.
  • It needs to be very cautious to make their passions into a real business as this is a very much tough job to be done. There are many people with many passions for doing anything. But only passion is not enough to turn your dream into the real thing. You need to remain experienced with along with dream to make the dream into the real thing. If the job of your needs more technical knowledge, only passion to start a job is not enough here.
  • You need to experience or practical knowledge along with your dream is necessary here to make your dream into a real thing. Or your money passion and hard work will be ruin in vain for lack of knowledge and experience
  • This writer has mentioned both the skills required to start and run the business and the phases of the business that a business face through its entire lifetime from product or service development to maturity stage all in the business’s lifetime’s phases in his book.

This book is a must-read book to take insights to collect resource and information’s and the process of structuring the business to make a successful business without failing.

Legal Guide for Starting & Running a Small Business

best finance books for entrepreneur

This book is written by Fred Steingold. We will have known the things about starting a business by reading by reading the mentioned book in the previous phase. But you need to face some legal hurdles while running the business. This book has mentioned the legal requirements to run the business quite efficiently.

Key Points about The Book  

  • This writer is an Ann Arbor-based legal attorney who has focused on the real estate business and business law in this book.
  • In this book, he provides the guidelines to run the business by following legal aspects from the startup process to encounter the hurdles he faces while doing the business in a proper way.
  • What should we maintain as the business structure to start a business? There are some formats like single proprietorship, partnership, cooperative society, S corp and many more formats to start and run the business.
  • You need to know the format very carefully. If you don’t know exactly know which business format you will follow, you need to take some support from the outside about what format you will follow to maximize your profit and growth.
  • The writer gave some types of legal supports about the negotiation of a deal and insurance policy and fax facilities. If it is done economically by following some legal steps mentioned in the book, you can get a competitive advantage.
  • If you don’t know what to do, take supports from experts on counseling about business legal support before starting the business without prior knowledge.

Extraordinary Popular Delusions and the Madness of Crowds

best finance books for entrepreneur

This book is written by Charles Mackay. This book gives insights about any time period or the time when the business turn into fantastic to miserable one. In the present scenario, people will leave your business when the bubble of expectation burst and. This can happen via vice versa. People can accept your business when you can fulfill their expectations. This writer was a person from the mid 18s’.

Key Points about The Book  

  • This book is made on his observation of business population and economics. His observation on business population and economic cycle remains the foundation of reports of financials and something like that. There are many things for which we need to be cautious about our business.
  • This book doesn’t have that much interest to be in the list, but it is necessary to become a market specialist. If you are interested in becoming a market specialist, you should follow this book.
  • This book can be extremely helpful to those who want to know the trends and nature of the market need to properly read this book as it gives many more insights about the business nature and economics and populations’ characteristics of the business.

Basically large sized business needs to read this book as they have a huge customer base that’s why they need to think about the preferences of the market’s population and economic conditions in which they will run their operations.

More To Explore:

Was this article helpful?

Leave a Comment