Hi!
Following this post:
https://www.indiehackers.com/forum/any-book-recommendations-for-building-your-own-indie-business-22a3f89d27
I've been reading the recommendations and couldn't find someone who actually said "I've read book X, and as a result gave me Y tools which really helped me with starting my business".
Most of the books I've found converge to mainly 2 approaches:
motivational - "work hard and you can do it too". For me it doesn't provide much value since I think I have enough motivation to walk this path.
Personal anecdote - "I've done 1, 2, 3 and created my business, if you follow my lead you can succeed too".
This approach appeals to me more since there is a potential value here, I can learn from the author's mistakes and maybe save some money of experimentation in the process.
On the other hand, personal anecdotes tend to be non-reproducible. For example, one of the recommendation in the linked post was "Make" by Pieter Levels. I've seen that the way he wrote the book was using his followers to suggest topics, and he filled up the blanks. Can it actually give you value? For me it seems that his indie business is actually selling this very book :)
(very similar to "I'll teach you to be rich" - sell a book which its title is "I'll teach you to be rich"!)
Tl;dr (a suggestion below said that this post is too long) - Is there a book you read and as a result caused you to open a successful business?
I don’t think reading a book will make you succesful. You might be able to take different pieces from different sources including books and put them together in your mind. Then you apply that knowledge and improve it with practical feedback (e.g. did this work or not).
I knew this was coming when I ever wrote a book so I opened up my revenue stats before that.
My book was 2% of my revenue last year, and now since it’s launched about 7.5% of my revenue. It’ll drop down to 1% probably within a year. See https://levels.io/open
90%+ of my revenue is Nomad List and then Remote OK.
I feel a bit offended to be put in the same category here. I'm not an info products person. I've never tried to sell people some sleazy online course that promises riches. And I don’t need to write a book to pay my bills.
I kept getting the same questions on Twitter, and people asking me to write a book to consolidate what I know. I did that. Put a price on it to recoup the time and work I put into it.
There’s not a single promise anywhere my book will teach you anything to become successful. Nowhere. Ever. In fact, I have a giant one-page disclaimer in the book that literally explains survivorship bias and how it's highly related to these books.
Most entrepreneurship books are written by people with no experience in entrepreneurship. I have some experience so I wrote a book that explains what worked for me and share that with the world. Especially since most startup books relate to VC-funded startups, and there's hardly anything proper written about indie startups.
So I did that.
Thanks for your honest response!
No offense about the "I'll teach you to be rich" part, but after all, this did get you to reply didn't it? ;)
Haha, nice
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How to Win Friends and Influence People. For real. Changed my life and formed the foundation what made me successful as a freelancer, then employee, then consultant, now product biz.
Did read this one, true classic indeed!
Anything You Want by Derek Sivers & The War of Art by Steven Pressfield are both books that I read at least once a year. They've both helped change the way I think about work, and business.
Derek Sivers has a great narration voice, try to listen to his book on Audible if you can, it adds an extra dimension to it. If I were to recommend only one book, ever, that would be it. 2 books, these 2. James Altucher's Choose yourself is worth a listen / read, he was awesome until he went all crypto-currency.
Will read those, thanks!
Hey guys,
Great thread. I've started compiling the recommendations into a Google Sheet. The purpose is to aggregate the scattered recommendations. My eventual goal is to develop it into a more presentable list.
Feedback appreciated. Please add to the list and modify as you see fit.
https://docs.google.com/spreadsheets/d/1_jG03AXbCPAGlUlEGMev_JYsSM8sRfvBbRKarVpqbnI/edit?usp=sharing
Good idea!
Here's my take: don't read generic business books. They gloss over so many details that it's more like entrepreneurporn than a useful guide.
I have gotten some useful info from more focused books about subjects I'm not great at: user experience design, marketing, and even some software development books.
But, I really try to read something way outside the business realm because I'm suspicious of all business books. So I'll read history mostly because I find that putting all this in context is more useful than whatever tidbit you pick up from a business book. Blogs give you all that info for free anyway!
Hey ChrisT, I have definitely read my share over the years (although personally I prefer just finding out the hard way and then looking for answers as I go), but the one that I have shared quite a few times is "Built To Sell" by John Warrillow.
It's a very quick read and it works well because it's set as a fictional story. If you have ever worked in agency/pitch type industries where you are constantly working hand-to-mouth it explains neatly why a product company has more value and ways to transition.
Also if you like podcasts: "How I Built This", "Mixergy", and about a million others 👍
But also - soooo important IMHO - give yourself time and space to think. It's the single most important lesson I have found. Thinking is not being lazy!
My two cents: the IndieHackers podcast has been exponentially more useful than How I Built This, which I find dramatizes, over-generalizes, and dumbs down the business stories.
Fair enough Max, I can respect that - especially in regards to ChrisT's question - personally I find them both good to listen to and learn from (along with about 30 others that I listen to). A particular favourite episode of How I Built This is the interview with Yvon Chouinard of Patagonia...
One book I can vouch for is "88 - The Narrow Road"by Felix Dennis. The reason I recommend this book is because Felix had become a multimillionaire LONG BEFORE he wrote the book. He built a magazine and print media empire the old fashioned way - hardwork and dedication. I've used his book as a roadmap since 2015. I build five businesses from what I learned. 3 of them failed miserably :) Two businesses clicked well. I'm not a millionaire yet. But I'm making enough to live a decent and comfy life since last two years. My most recent success is Whiskey Clothing (www.facebook.com/whiskeyclothing). Felix helped me become aware of the hardships I would face while walking the narrow road to riches - making me mentally stronger and capable of handling (almost) anything.
Thanks everyone for your valuable input! If anyone has more to add, please do :)
Hey, I don't have a successful business (hopefully one day!) but I do love reading. You set a high bar, but I guess what you are asking for is a distilled set of essentials.
I imagine Lean Startup has changed the way a lot of people think and a lot of the language around startups stems from that book. The language is now a bit buzz wordy but I think a close read of that book has a lot of value.
Lean Startup itself borrows a lot of its ideas from a book called Innovator's Dilemma, which is definitely a classic, though a little dry.
Tech/dev wise, a little bit dated but Clean Code is probably a good one to read, especially if you're a solo founder and haven't coded before. If you ever plan to have someone else develop in your codebase, a read through of this book will probably make them hate you that little bit less. If you're developing on the web for the first time then the classic in that field is JavaScript: The Good Parts, again probably a bit dated now if you're using React/Angular but it gives you a grasp of what might go wrong under the hood and what those frameworks were designed to achieve.
The one I read recently that made me straightaway go and redraw my business plan was 'Talking to Humans', which is free and I guess is a good practical introduction to user testing. It's a really quick read as well, so a lot of condensed knowledge.
Hope that helps.
Thanks!
Don't worry about the successful business part, we're all playing the startup-lottery together. May the odds be in your favor :)
3 Books really changed the way I look at everything in business. Interestingly, I was talking to a PM at Google and he said something that I think is particularly true about these books -
I say that because most of the people who haven't really read these books and applied the things in them, will thing they are spammy/ lies. Until you have built a business with a team of people that you don't like, selling a service that drains you, it's really hard to relate to these books.
Also, if you have spent most of your time working for someone, it's hard to really grasp the perspective they provide. Based on conversations I have all the time, it's also hard to grasp just how simple it is to put these ideas into affect. It seems to be a result of of your education and work experience telling you to do the opposite.
Overall, the books I have selected are trying to get you to think about what you want to be doing on a daily basis for years to come, then setting the foundations to build that. Most people who I've met in the startup world completely overlook this because they want to end up talking on a stage with a multi-million-dollar valuation, with no idea as to what they will be doing on a daily basis.
Please ignore the terrible titles of these books. They have no relation to the quality of the content. Also, I would recommend you read the books in the order I have listed them below.
This book talks about the 3 types of people in a business and, how you should see yourself in relation to those types of of people based on your goals.
Do you want to be an Owner, Manager or Technician? ...if you don't know. Don't start a business, yet.
(Most of the people in this forum are technicians and it's why they are struggling to figure most of the business/ marketing stuff out.)
This book is legendary so I don't know if it needs too much of a break-down.
What I took away from it was: you can have what you want, if you are willing to sacrifice and test your way to it. You've got to become the type of person whos routines are based on trying things normal people wouldn't. Also, it exposed me to the idea of a business that you can automate.
This book is poorly written, but the content is golden in my opinion.
The underlying premise is, first you need to take risks and work really hard serving a basic need in the market to get "rich". Once you become rich you need to switch to maintaining your wealth. 'Rich" is based on your desired lifestyle. There are probably specific numbers you should be shooting for. Put those numbers first, then create a plan around them.
Also, don't take shortcuts - if all of your leads come from an SEO hack and Google change the algorithm, you lose your business overnight.
As a bonus - Titan: The Life of John D. Rockefeller.
It made me realise the business you create is partly a consequence of the type of person you are. Most people don't have the mixture of discipline and insanity to build a Walmart or Standard Oil. I don't want to become that person either. Maybe, it's worth thinking about the person you'd be happy to be, then build a business around that.
Thanks for the detailed answer! bumped these up my reading list.
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