• Devansh Lakhani

5 Books Every Start-Up Founder Must Read

As an entrepreneur, it’s important to grow your knowledge base in the world of start-ups. You should continue your development and learning even if you have successful businesses. I still feel that the best way to gain knowledge about angel investors, start-up funding, business plan consultants, how to grow your start-up etc. can all be gotten by reading books.

No book is perfect. Your perception of life and the way you run business will greatly affect how you view any book your read. That being said gaining a different perspective is always important as it helps you broaden your understanding of different topics. Books are known to inspire entrepreneurs, as well as help, break down and suggest a myriad of ways to conduct business and navigate not just the world in general but start-ups. With that being said, here are a few books that every entrepreneur must-read.

1. The Start-up Owner’s Manual

This book written by Steve Blank and Bob Village is like a workbook. It helps those entrepreneurs and businessmen who want to create a start-up and are not sure how to. This book gives you an insight into the kind of problems you may face while starting a business. The book has various checklists that help you formulate ideas on how to approach angel investors, business plan consultants, as well as detailed explanations about start-ups.

2. Leading at the Speed of Growth

Written by Katherine Catlin and Jana Matthews, the book focuses on different problems business owners face when their business grows faster than they imagined. Like most entrepreneurs, you would be at a loss concerning stabilising your business and making sure the growth curve keeps increasing that way. This book contains guides that help you understand the various stages of a company’s development. It also helps you determine what you should and shouldn’t do for your business.

3. The Four Steps to the Epiphany

This book focuses on and proposes the lean start-up approach for a newly formed business. Written by Steve Blank, he proposes a different business model for start-ups. He explicitly notes why business models should differ in terms of start-ups and large companies. This book helps you understand how to optimise your start-up to get the desired results.

4. Zero to One

This book is written by Peter Thiel with Blake Masters. Most entrepreneurs would recognise Peter Thiel since he is one of the co-founders of PayPal as well as one of the first investors of Facebook. Peter Thiel as a person is very unconventional and as a result, so is his book. It talks about various topics outside the box and looks at solutions to problems in a myriad of ways. This book is best suited for entrepreneurs looking to start a technology company. It has various guides that can help manage and talk you through the processes required.

5. Who

Written by Geoff Smart and Randy Street, this book helps you to answer the question of ‘who?’ As entrepreneurs, we tend to look for answers related to what. What caused problems, what can be done to solve them etc. The book focuses on who. It’s important to answer this question because it saves a start-up a lot of capital and money. Creating a team, looking for angel investors, customer acquisition, business plan consultants, finding your niche – all these questions respond to the question of Who. The book has more than 1000 hours of interviews with billionaires and CEOs of various companies.

To Sum Up

After reading these books it’s important to understand perspective. These are success stories and helpful guides to make way for the best-suited plan for your start-up. Emulating some of these success stories can be helpful sometimes. However, other times you must carve out a path for yourself. As an entrepreneur, you should be willing to take such a risk.

I have also made a YouTube video on some more books that start-up owners should read. Be sure to watch it to gain greater insight.

About Devansh Lakhani

Director of Lakhani Financial Services, and a Chartered Accountant, he helps in start-ups funding India from his network of investors. He guides and advises start-ups to scale up by providing efficient sales, marketing, team building, and business management strategies. Being a business plan consultant he has executed fundraising by block deals on the stock exchange and conducted IPOs and right issues on the SME platform to the tune of over Rs. 50 Crore. He is currently working with start-ups from various sectors to help them channelize their business models and investments.

Check out a blog about Lakhani Financial Services written by Karo Startup here.

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