Many teenagers have the drive and motivation to start their businesses, but they do not know where to start or what steps are needed to start a successful company. While most parents know the basics of business, their teenage children often want to learn on their own to feel more independent and in control of their own lives. That is where books, written particularly for aspiring young entrepreneurs, come in handy. Books have always been the secret of success for young and old entrepreneurs alike. Many of the world’s richest people such as Bill Gates, Elon Musk have credited their love of reading books for their massive achievements. Therefore, if you are a teenager and an aspiring entrepreneur, you must develop the habit of reading and start reading books that will help you succeed in your business ventures.
Here are the top 10 books for teen entrepreneurs to read in 2020:
Strictly Business: How to Crush it as a Young Entrepreneur – Brendan Cox
Strictly Business is written by Brendan Cox, who started his entrepreneurial journey at age 9. In this book, Cox details how he created more than 10 businesses throughout his childhood. Cox shares his strategies, tips and tricks that made him one of the most successful entrepreneurs in his age group. He aims to guide and inspire young minds to begin their entrepreneurial journeys and create successful businesses. This is a beneficial book for any aspiring entrepreneur seeking guidance and looking for business strategies and tactical concepts that will help him/her take the first steps towards creating a company.
Start it Up: The Complete Teen Business Guide – Kenryn Rankin
Start it Up is a book, written explicitly for young entrepreneurs by Kenryn Rankin, a Washington, DC-based writer and editor. Start it Up guides young teenage aspiring entrepreneurs who want to make some extra money or want to know how to turn their hobbies into an income-generating business. The book contains the knowledge required to know the type of business that is best for you; it teaches how to create a company and how to sell and advertise your product. It is an easy-to-understand book that is very beneficial for teenagers who are considering going into business. It is an impactful, comprehensive, and engaging book; it also contains the best business advice and quotes from young and successful teenage entrepreneurs.
How to Start Your Very Own Business – Julie Merberg and Sarah Parvis
How to Start Your Very Own Business gives advice to young kids to think like entrepreneurs. It teaches young people how to save, invest, and start earning money. It contains the basics of entrepreneurship, and teaches kids how to calculate their expenses, know and maximize their profits like a professional business person. It includes creative ideas and examples and advice from junior entrepreneurs. Simple and thoughtful worksheets and practical exercises help kids discover their talents and figure out what they really want to do. Everything is written in a simple, clear, and fun way — from building a successful brand to advertising your products and services.
Be a Young Entrepreneur – Adam Sutherland
“Be a Young Entrepreneur” is written by Adan Sutherland to provide advice, ideas, and guidance to business-minded kids who want to begin their entrepreneurial journeys. The book helps kids think creatively, choose the right business for themselves, and make wise business decisions. The book teaches children how to market their product, harness ideas effectively, do budgeting, maximize profits, and much more. It also includes case studies of successful teen entrepreneurs that will motivate young children to follow their path. Moreover, it includes lots of information about different types of businesses, the importance of starting a business, choosing the right mission statement, and conducting market research.
How to Turn $100 into $1,000,000 – James McKenna and Jeannine Glista
The book, How To Turn $100 into $1,000,000, teaches kids how to make, save, and invest money. It includes various effective strategies and concepts about money that help kids create successful businesses. Specifically, it includes a well-thought-out plan for kids to achieve their dream of becoming millionaires at a young age. The author, James McKenna, focuses on three main things in this book:
- Making money: How to get a job or start a business to start making money.
- Saving money: What do you do after you make money? You do not spend it all. You save a portion of it so that you can further grow your capital.
- Investing money: Invest your savings in the right place to make more money through compound interest.
Crushing It!: How Great Entrepreneurs Build Their Business and Influence-and How You Can, Too – Gary Vaynerchuk
This book is written by Four-time New York Times bestselling author Gary Vayernerchuk. Gary offers the best lessons and inspirations drawn from some of the most influential entrepreneurs who chose the path of entrepreneurship and ended up building successful companies and personal brands. In Crushing it! Gary says that having a vibrant personal brand is very important if you want to succeed in your business ventures. He also talks about how numerous entrepreneurs have gotten wealthier and successful by following the principles mentioned in his previous best-selling books. The secret to their success (and Gary’s) is their ability to effectively harness the power of social media’s power to build and maintain their businesses. Gary describes each social media platform and teaches how to use it to amplify your brand.
The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime! – MJ DeMarco
The Millionaire Fastlane provides a refreshing perspective on quickly growing your wealth. Instead of giving the traditional advice of working hard on 9 to 5 jobs and then gradually saving money, the author let the readers know about the various possibilities to make money. MJ DeMarco details a practical plan for you to accelerate your wealth. The book also digs into the misconceptions about creating wealth and getting rich. It gives the actual knowledge required to get rich within time for you to enjoy your wealth.
The Introvert Entrepreneur: Amplify Your Strengths and Create Success on Your Own Terms – Beth Buelow
The introvert Entrepreneur is filled with motivational stories from various entrepreneurs. This book includes actionable advice and is a valuable resource for introverts who aspire to start their own businesses and become successful entrepreneurs. The author, Beth Buelow, teaches readers how to use their curiosity, love of research, and independence to deal with different challenges in their journey towards creating a successful business. Readers will learn valuable lessons such as managing their fears and expectations, developing a growth mindset, networking, marketing, self-promotion, leadership skills, and much more.
The Money Club: A Teenage Guide to Financial Literacy – Jasmine Brown
In this book, the author, Jasmine brown delivers11 personal finance lessons in a comedic tone that keeps the readers engaged. It includes all financial topics that young people and future leaders need to understand and know about. A teenage guide to financial literacy is a must-read for high school students as it contains engaging stories and classroom scenarios that are inspired by real-life events. It is a user-friendly guide that include practical advices, conversations regarding different aspects of money management; it covers important topics related to financial literacy such as bank accounts, credit cards, budgeting, saving, investing, managing money after high school, etc.
Kid Millionaire: Over 50 Exciting Business Ideas – Matthew Eliot
Kid Millionaire is written by Matthew Eliot to teach kids how to materialize their entrepreneurial ideas. It is a fun and inspiring guide for children to start making, saving, and investing money. This guide includes tips and strategies for earning money, hiring and managing employees, building a company, opening a bank account, and creating apps and websites. It let readers know about different apps and websites that help with budgeting. It also includes business templates, motivational stories from real kid entrepreneurs, and more than 50 effective ideas to launch your own business.
Inspired? Check out the top 10 most influential young entrepreneurs of 2020!