Best 5 Business Finance Books For the Beginners
The five best business finance books that will help you understand and handle money better.
Business financing books provide valuable information and insights on how to secure the best possible financing for a business. Finance books help entrepreneurs better understand their different financing options and their pros and cons.
Finance books can also serve as a valuable resource for entrepreneurs seeking to raise capital for their businesses.
Therefore, here are some books to get you started.
Table of Contents
The Millionaire Next Door, Dr Thomas J. Stanley
The Millionaire Next Door is a book about the surprising secrets of America’s wealth. It is based on a study of over 1,000 millionaires and reveals seven common traits that they share.
The first secret is that most millionaires are self-made. They have not inherited their wealth or come into it through luck. Instead, they have worked hard and smart to build their businesses or careers.
The second secret is that millionaires are frugal. They live below their means, invest their money wisely, and are not afraid to save for the future.
The third secret is that millionaires are disciplined. They stick to their goals and don’t let distractions get in the way. They are also willing to make sacrifices to achieve their objectives.
To read more, get the book here.
This book is an excellent choice for anyone who wants to learn about the habits and characteristics of wealthy people. In addition, it provides valuable insights and tips to help readers build their wealth.
The Alchemy of Finance, George Soros HonFBA
The Alchemy of Finance is a book about how to make money in the financial markets. George Soros, a billionaire investor and philanthropist, is the author of this book.
Soros is known as “The Man Who Broke the Bank of England” for his successful bet against the British pound in 1992. He is also a significant donor to progressive and liberal causes and has donated $32 billion to the Open Society Foundations.
The book has three parts: “The World of Money,” “How to Make Money in the Financial Markets,” and “The Psychology of Money.”
In the first part, Soros discusses the history of money and the financial markets. He then explains how the markets work and how to make money in them.
In the second part, Soros gives his investment strategy and how he has made billions of dollars by investing in the markets.
In the third part, Soros discusses the psychology of money and how it affects people’s decisions in the markets.
The Alchemy of Finance is a must-read for anyone interested in finance and investing. Soros’s insights will change how you think about the markets and the role of luck in success.
How Finance Works, Mihir A. Desai
Mihir A. Desai covers a wide range of topics in How Finance Works, from the basics of financial markets to more advanced concepts like risk management. He does an excellent job of explaining complex topics in a way that is easy to understand.
In the book’s first section, Desai covers the basics of financial accounting and valuation. He then discusses more complex topics such as risk and return, capital markets, and financial institutions. Desai uses real-world examples throughout the book to illustrate key concepts and help readers understand how finance affects their everyday lives.
This book is essential for anyone who understands finance and its role in our economy.
Profit First, Mike Michalowicz
Profit Book is about changing your relationship with money to improve your business. In it, Mike Michalowicz argues that the standard advice of “reinvesting in your business” is bad for business. Instead, he recommends that businesses focus on profitability first and only reinvest after they are profitable. It may seem common sense, but it’s a radical shift in thinking for most businesses.
The book has four sections:
1. Why Reinvesting in Your Business is a Bad Idea
2. The Profit First System
3. How to Implement Profit First
4. Case Studies
Michalowicz makes the case that reinvesting in your business is often a recipe for disaster. He argues that businesses typically reinvest in areas that are not generating a profit and can lead to a downward spiral of ever-increasing expenses and declining profitability.
If you’re looking for a new way to think about money and business, Profit First is a great place to start.
Found Money, by Steve Wilkinghoff
Found Money serves as a valuable resource for anyone interested in learning more about the process of finding and claiming unclaimed money. In addition, the book provides readers with a step-by-step guide to follow to maximise their chances of success in this process.
Finally, the book offers readers several case studies and real-world examples that illustrate the potential rewards that can be reaped by those who take the time to search for unclaimed money.
Overall, Found Money provides an informative look at a topic that is often overlooked but can provide individuals with a significant financial windfall.
Have you read any of the books above? If yes, let us know your thoughts in the comments section.
Need more book suggestions, convey them in the comment section.
Happy reading!
