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As a business owner or entrepreneur, having a solid understanding of finance and money management is critical. Your ability to make smart fiscal decisions directly impacts your company’s profitability, growth potential, and long-term viability. While formal education and hands-on experience are invaluable, you can also expand your financial literacy immensely by reading financial books by respected experts. Adding these 10 financial books to your reading list will pay major dividends:

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Rich Dad Poor Dad by Robert Kiyosaki

One of the most popular personal finance books ever written, it busts common money myths and highlights the importance of financial education, assets over income, and entrepreneurship.

Let’s Talk About Your Money by Kalu Aja

Kalu Aja’s book, “Let’s Talk About Your Money,” endeavours to guide readers through the process of understanding, utilizing, and optimizing their finances. The primary aim of this book is to reintroduce readers to the concept of money, with the sole objective of enhancing financial literacy among its audience.

The Total Money Makeover by Dave Ramsey

If you’re struggling with debt, Ramsey offers a straightforward plan for getting your finances under control through budgeting, debt elimination, and building wealth.

Profit First by Mike Michalowicz

Most businesses get caught up in putting profit last, but this book presents a cash flow management strategy to ensure your company’s long-term health and growth.

The Lean Startup by Eric Ries

For new business owners, this is a must-read guide on efficiently launching and navigating a startup using principles like validated learning, minimum viable products, and agile development.

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15 Simple Ways to Sell Anything to Anyone by Paul Foh

In Paul Foh’s book, “Everybody is in Sales,” the author emphasizes the universal importance of sales skills. Regardless of your proficiency or the quality of your offerings, the ability to sell is indispensable for financial success and making a meaningful impact on others. Within the pages of “15 SIMPLE WAYS TO SELL ANYTHING TO ANYONE,” Foh guides readers through practical strategies for closing significant sales opportunities.

The Richest Man in Babylon by George S. Clason

chidoFlutterwaveThis classic shares timeless personal finance parables on cultivating a prosperous mindset and taking control of your wealth through disciplined habits.

Business Adventures by John Brooks

Long considered the best book about business and finance ever written, it offers keen insights into key moments and lessons in corporate history.

The Millionaire Next Door by Thomas J. Stanley

Debunking the myths about how rich people live, this data-driven book explores realistic paths to building wealth through smart spending, tax planning, and diligent investing.

The Hard Thing About Hard Things by Ben Horowitz

Unlike most founder stories, Horowitz’s book confronts the difficult realities entrepreneurs inevitably face like firing friends, managing through crisis, and dealing with intense highs and lows.

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Final Thoughts

Reading and applying the lessons contained within these top-selling financial books will sharpen your money management abilities across all areas of business ownership. From foundational finance and accounting knowledge to managing cash flow and daily operations, understanding investment strategy, navigating risk, and cultivating the right entrepreneurial mindset – these books have you covered. Their wisdom could be the difference between running out of money and long-term prosperity. As a businessperson, you’ll encounter many financial crossroads and tough decisions. Capitalize on the opportunity to learn from those who have walked the path before and found real-world success. With discipline and commitment to continual study, you too can develop the fiscal smarts and savvy required to win in the business world. Make your reading list today!

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This article was first published on 15th May 2024

chidiogo-akaelu

Chidiogo Shalom Akaelu holds a degree in English and Literary Studies, from the University of Nigeria. She is a freelance writer, editor and founder of Loana Press, a budding online publishing outlet.