New BiggerPockets Article: Top 10 Books for Entrepreneurs

BiggerPockets has just posted my newest article, which is a followup article to my post on the top 10 books for real estate investors to read in order when starting, which of course, is not necessarily the all-time best 10. 

Number one is, of course, The E-Myth.

1. The E-Myth by Michael E. Gerber

Michael Gerber’s classic The E-Myth has my favorite anecdote about what can go wrong in even a successful small business,

“‘It’s seven o’clock,’ she said, wiping her eyes with her apron, as though reading my mind. ‘Do you realize I’ve been here since three o’clock this morning? And that I was up at two to get ready? And that by the time I get the pies ready, open for business, take care of my customers, clean up, close up, do the shopping, reconcile the cash register, go to the bank, have dinner and get the pies ready for tomorrow’s bake, it’ll be nine thirty or ten o’clock tonight, and by the time I do all that, by the time any normal person, for God’s sake, would say that the day was done, I will then also need to sit down and begin to figure out how I’m going to pay the rent next month?” 

The work can just go on forever and ever. It's for this reason that systems are so important. Build your business as if you were going to franchise it. Build it so someone can step into your place and take over the systems you have put in place right away. Putting such systems in place won't happen overnight, but it's what you should intend to create, step-by-step, from the outset.

You'll have to read the full article to see the rest of the list. Not sure why they removed the book cover pictures which they kept in for the real estate books article, but it's still worth reading nonetheless. 

And it's worth adding these books to your nightstand ASAP!