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Warren Buffet, one of the wealthiest men in the world, once told an investment class at Columbia University “Read 500 pages every day. That’s how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it.” Mark Cuban of “Shark Tank” agrees. “I read more than three hours almost every day. I read every book an magazine I could. Heck, $3 for a magazine, $20 for a book. One good idea that led to a customer or solution and it paid for itself many times over.”

Whether you consume audiobooks, e-books, or physical books, spending time reading daily will certainly improve your chances at success both in business and in life. Following are some of my favourites.

The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to do About It

The photo to the left is of me and the author of my all-time favourite book, The E-Myth Revisited, Michael Gerber. I read this when it was first published in 1986. At 24 I had just been appointed Branch Manager for a brand new Royal LePage office in East Vancouver. As the youngest manager in Canada and one of only a few females, I was determined to build this branch and win awards doing it. The E-Myth Revisited taught me what I needed to know to build my business. To this day, although technology has changed the way we implement things, it has not changed the basics of launching or running a successful business.

The book captures the life of a business, from entrepreneurial infancy through adolescent growing pains to maturity. Read this book and you will have the tools to grow your business in a productive, assured way.

Outliers: The Story of Success

Outliers, by Malcolm Gladwell, will make you realize success is not a series of being born at the right time, being given the right opportunities, and having the right support network growing up. It is actually more of a wake-up call to be aware of opportunities and be willing to take them, work hard, and do something that makes a difference in the world. You may have obstacles to overcome such as learning to surround yourself with the right people or to search for opportunities in an area that is important to you.

As usual, there are some things you can change and some you can’t. Learn to work with the things you have control over. This book will subtly change you and your outlook on the world. We have the ability to change ourselves and the world and become Outliers ourselves too. This book puts the responsibility on each of us to create a better self and a better world.

Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers

Business Model Generation was co-created by 470 practitioners of the “Business Model Canvas” from 45 countries (read more about the Business Model Canvas here) . It takes powerful strategic ideas and tools and makes them easy to implement in your organization. You will learn how to systematically design and implement a business model that works, or analyze and redesign an old one. You will have a deeper understanding of your customers, what value you are providing them and how they want that value communicated and delivered. As well, you will know what activities, resources, and partners are required to deliver this value. Finally, you will have a thorough knowledge of your revenue streams and cost structure.

The One Minute Manager

The One Minute Manager by Ken Blanchard and Spencer Johnson is the story of a young man who is looking to work with an effective manager so he can learn to be one himself. On his journey, he meets autocratic and democratic managers. The first cares more about the company than its people. The second cares more about the people than the company. Eventually, he meets who he believes is an effective manager, the One Minute Manager. The One Minute Manager teaches him that to get the most out of his people he needs to practice one-minute goalsetting, one-minute praising and one-minute reprimanding. First published in 1982, I read and implemented the practices in this book in 1987 with great effect. The book was republished in 2015 as The New One Minute Manager.

Rich Dad Poor Dad

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money The the Poor and Middle Class Do Not by Robert Kiyosaki was first published in 1997 and has since become the #1 personal finance book of all time. The book is Robert’s story of growing up with two dads, his real father and the father of his best friend, his rich dad. It shows the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for your money and having your money work for you. The 20th anniversary edition published in 2017 demonstrates that the messages from 20 years earlier are more meaningful, relevant and important today.

These are just five of my favourite books. You can find more on Our Favourite Books page.  Reading them and implementing things you learn will change your life.

PS In total transparency, the links to the books are affiliate links and we may earn a small commission if you decide to buy through our link.

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