Archive for March, 2018

Top 5 Books on Startups for the Nigerian Entrepreneur

Top 5 Books on Startups for the Nigerian Entrepreneur

I am recommending these top 5 Books on Startups for the Nigerian Entrepreneur because they have been of immense value to me in my entrepreneural journey. Whether you are thinking of starting your own business or you already have a business that you are trying to grow, the principles in these books would help shape your perspectives and set you on the path to success.

  1. The Lean Startup by Eric Ries

The Lean Startup by Eric Ries

The Lean Startup is a new approach being adopted across the globe, changing the way companies are built and new products are launched. The bitter truth is that most startups fail. Research has shown that only a few survive the first five years. These failures can be prevented by adopting the lean startup.

Eric Ries defines a startup as an organization dedicated to creating something new under conditions of extreme uncertainty. Inspired by lessons from lean manufacturing, this approach relies on “validated learning,” rapid scientific experimentation, as well as a number of counter-intuitive practices that shorten product development cycles, measure actual progress without resorting to vanity metrics, and learn what customers really want. It enables a company to shift directions with agility, altering plans inch by inch, minute by minute.

Rather than wasting time creating elaborate business plans, The Lean Startup advocates experimentation. In other words, entrepreneurs should  test their vision continuously, to adapt and adjust before it’s too late. Ries provides a scientific approach to creating and managing successful startups in an age when companies need to innovate more than ever.

2. The Business of Being Social

The Business of Being Social

We are in the social media age. If your business is not on social media, you are doing yourself a great disservice.  How do you hope to capture the attention of millions who are consistently glued to their mobiles and social media pages? The Business of Being Social offers a step-by-step guide to using social media to grow both your business and your brand. Full of international examples, it covers every aspect of social media with practical advice on Twitter, Facebook, YouTube and LinkedIn, plus driving traffic to your website, engaging with customers and building a community.

3. The Intelligent Entrepreneur

 

The Intelligent Entrepreneur

The Intelligent Entrepreneur tells the compelling and instructive story of how three young founders developed ideas, assembled teams, built ventures, and achieved their dreams. Their hard-won insights―distilled into ten key rules―will help anyone become a successful entrepreneur. In 1998, three Harvard Business School graduates―two men and one woman―turned down six-figure salaries at big corporations, bet on themselves, and launched their own new companies. By their ten-year reunion, their audacity had paid huge dividends. They had made many millions of dollars, created hundreds of jobs―and left their mark on the world.

What they teach you at Harvard Business School is that intelligent entrepreneurship can be learned. In that spirit, Bill Murphy Jr. uses a unique combination of vivid storytelling and lucid instruction to show would-be entrepreneurs how to improve their odds of creating dynamic, lasting businesses.

The Intelligent Entrepreneur is such an inspiring read.

4. Zero to One by Peter Thiel

Zero to One by Peter Thiel

 

In Zero to One, distinguished entrepreneur and investor Peter Thiel describes how we can invent, recreate and explore uncharted frontiers.

Thiel begins with the contrarian premise that we live in an age of technological stagnation, even if we’re too distracted by shiny mobile devices to notice. Information technology has improved rapidly, but there is no reason why progress should be limited to computers or Silicon Valley. Progress can be achieved in any industry or area of business. It comes from the most important skill that every leader must master: learning to think for yourself.

Doing what someone else already knows how to do takes the world from 1 to n, adding more of something familiar. But when you do something new, you go from 0 to 1. The next Bill Gates will not build an operating system. The next Larry Page or Sergey Brin won’t make a search engine. Tomorrow’s champions will not win by competing ruthlessly in today’s marketplace. They will escape competition altogether, because their businesses will be unique.

Zero to One presents at once an optimistic view of the future of progress in America and a new way of thinking about innovation: it starts by learning to ask the questions that lead you to find value in unexpected place.

5. Harvard Business Review on Succeeding as an Entrepreneur

Harvard Business Review on Succeeding As An Entrepreneur

Great entrepreneurs don’t take risks. They manage them. If you need the best practices and ideas for launching new ventures but don’t have time to find them this book is for you. Here are nine inspiring and useful perspectives, all in one place. This collection of HBR articles will help you: zero in on your most promising prospects; set a clear direction for your start-up; test and revise your assumptions along the way; tackle risks that could sabotage your efforts; carve out opportunities in emerging markets; launch a start-up within your company; and, hand over the reins when it’s time.

 

 

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Top 5 Books on Personal Finance and Wealth Creation

I have read quite a ton of books by Nigerian and foreign authors on the concept of personal finance and wealth creation. In this article, I shall be discussing Top 5 Books on Personal Finance which I personally find very helpful. This is a follow-up to my previous article Top 5 Money Books by Nigerian authors.

In no particular order:

  1. The Richest Man in Babylon by George Clason

The Richest Man in Babylon

Written many years ago, George Clason’s The Richest Man in Babylon remains a classic on the subject of personal finance.  This book offers common sense financial advice which would remain relevant for centuries to come. Through parables and metaphors which are easy to understand, George Clason teaches essential principles for financial freedom. You will learn what percentage of your income you should set aside each month, how to invest and multiply your resources. These are timeless financial principles and techniques you will remember for a long time and would help you make good financial decisions.

2. Secrets of the Millionaire Mind by T. Harv Eker

Secrets of the Millionaire Mind

T. Harv Eker in Secrets of the Millionaire Mind discusses basic principles of wealth creation that you must master to achieve financial independence. To be wealthy, Eker says you must be truly committed to creating wealth. If your goals is to be comfortable, chances are you will never be rich. Eker examines the law of income and postulates that you will be paid in direct proportion to the value you deliver according to the marketplace.

3. MONEY Master the Game by Tony Robbins

money master the game

Money Master the Game by Tony Robbins teaches you how to improve your lifestyle step by step. Tony Robbins takes you through the following:

  • The 9 myths around investing
  • Asset allocation
  • Creating lifetime income plan
  • How to anticipate and diversify

This is one book everyone interested in wealth building through effective personal finance should read. It’s a 500 page book that is actually reading.

4. Rich Woman by Kim Kiyosaki

Rich Woman by Kim Kiyosaki

This is a personal finance book for women especially women who want to take charge of their money and life. Written by Kim Kiyosaki – -the wife of bestselling author Robert Kiyosaki – RICH WOMAN is for women who insist on being financially independent – without depending on a man, family, company, or government to take care of them.

In her book, Kiyosaki applies the same moneymaking strategies that have made RICH DAD POOR DAD one of the great publishing success stories of all time – but in a voice that is aimed directly at women. No matter what your financial background is or your current job situation, RICH WOMAN provides the essential road map for any woman who aspires to be financially free.

This book comes highly recommended.

5. 1000+ Practical Business Ideas and Directory of Money Sources by Sunkanmi Vaughan

1000+ practical business ideas and directory of money sources

This is more of a wealth creation book if you are seeking to create wealth through entrepreneurship. The Author, Sunkanmi Vaughan is a consultant, University of Lagos-trained pharmacist and speaker who helps individuals and organisations overcome the challenges of business start up and survival.

1000+ Practical Business Ideas provides insights into viable opportunities around us. This book will help ignite your entrepreneurial drive and make you live the life you’ve always wanted.

 

 

 

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