The CRE Entrepreneur’s Book Shelf
As you may or may not have noticed, I’m a fairly avid reader. I think reading is one of the best ways to obtain meaningful knowledge from others.As Mark Twain put it: “The man who does not read good books has no advantage over the man who CAN’T read them.”
Recently I have been reading about entrepreneurship and best business practices. I have come across several wonderfully written books and I wanted to share them with you today.
Here are my top 4 books for real estate entrepreneurs (everyone does a Top 3 or Top 5, so I am going to be different):
1. The Compound Effect by Darren Hardy – This is a wonderful little book about the power of positive habits in your life. Hardy gives several useful tools and practices to help you make sure you are creating the best habits to maximize your success.
2. The 4-Hour Work Week by Timothy Ferris – Cheesy title notwithstanding, this book really does have some great tips on how to maximize your output while minimizing your input. I like that he sees the 80-hour work week as a badge of shame rather than a badge of honor. My two favorite things about this book are that he speaks from personal experience and that he will give you real, tangible ways (i.e. websites and real companies to call) to implement the processes he suggests.
3. The Monk and the Riddle by Randy Komisar – Komisar is a venture capitalist/angel investor in Silicon Valley and the way he breaks down business models and ideas is genius. He will give you a great perspective on how and why to build a business within the context of still enjoying your life. Great read.
4. The Intelligent Investor by Benjamin Graham – This choice may seem a bit out of place on a real estate list, but this classic investing book about value and long term strategy is a must-read for any entrepreneur. Graham is an old-school investment guru who gives sage advice on the way to invest money and I think the same principles apply to buying, selling, or developing commercial property. Check it out.
So, those are my top 4 book recommendations for the CRE entrepreneur (or any entrepreneur for that matter). Feel free to argue with me, tell me I’m an idiot, or suggest your own books in the Comments.