Top 5 Best Books about Starting a Side Business in 2020

Listed below are the Top 5 Best Books about Starting a Side Business in 2020. A side business is a business that you own and operate while simultaneously working a full-time job. This has become a popular way to start a business because it involves less upfront risk than quitting your job out-right to start a company. If you're looking to join the club of people who have started a successful side business then these books will help you get there!

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Vincent starts this great book about starting a side business with a personal story of his job as a photographer. He ends up winning this super cool photography award and goes into his boss’ office for a raise thinking he’s getting this big pay bump and unfortunately only gets 3% or something like that. Vinny boy has a baby on the way, him and wife are 6-figures in debt, and he’s only making $15/hour. The recent meeting with his boss is a tipping point in his life. It’s compounded by his father saying, “You have a skill, but you’re not using it correctly.” Vincent and his wife end up starting a side business where they photograph weddings on the weekend.

They use all the extra cash to pay off all their debt and by the time it’s all gone the revenues from their business have increased so much that they don’t need their regular jobs. It’s an incredible story and the book is filled with tips and tricks about capitalizing on your own unique set of skills. This book is so helpful that it’s also included in our Top 5 Best Books about Financial Independence.

The author of this book identified 1,500 individuals who have built businesses earning $50,000 or more from a modest investment (in many cases, $100 or less), and from that group he’s chosen to focus on the 50 most intriguing case studies. In nearly all cases, people with no special skills discovered aspects of their personal passions that could be monetized and were able to restructure their lives in ways that gave them greater freedom and fulfillment.

This is considered one of the best books about starting a side business because it contains the most valuable lessons from those who’ve learned how to turn what they do into a gateway to self-fulfillment. It’s all about finding the intersection between your “expertise” – even if you don’t consider it such — and what other people will pay for. You don’t need an MBA, a business plan or even employees. All you need is a product or service that springs from what you love to do anyway, people willing to pay, and a way to get paid.

Forget the old concept of retirement and the rest of the deferred-life plan–there is no need to wait and every reason not to, especially in unpredictable economic times. Whether your dream is escaping the rat race, experiencing high-end world travel, or earning a monthly five-figure income with zero management, The 4-Hour Workweek is the blueprint.

This step-by-step guide to starting a side business teaches how to:

  • Outsource your life to overseas virtual assistants for $5 per hour and do whatever you want
  • Blue-chip escape artists travel the world without quitting their jobs
  • Eliminate 50% of your work in 48 hours using the principles of a forgotten Italian economist
  • Trade a long-haul career for short work bursts and frequent “mini-retirements”

Having good ideas and a solid strategy is only half the battle to starting a side business. The other half is establishing habits that allow you to slowly execute the strategy over time. No matter your goals, Atomic Habits offers a proven framework for improving – every day. James Clear, one of the world’s leading experts on habit formation, reveals practical strategies that will teach you exactly how to form good habits, break bad ones, and master the tiny behaviors that lead to remarkable results.

If you’re having trouble changing your habits, the problem isn’t you. The problem is your system. Bad habits repeat themselves again and again not because you don’t want to change, but because you have the wrong system for change. You do not rise to the level of your goals. You fall to the level of your systems. Here, you’ll get a proven system that can take you to new heights.

For similar reasons as Atomic Habits, this book was chosen because it’s important for someone starting a business to know how to apply leadership principles in business and life. Combat, the most intense and dynamic environment imaginable, teaches the toughest leadership lessons, with absolutely everything at stake. In gripping, firsthand accounts of heroism, tragic loss, and hard-won victories, they learned that leadership – at every level – is the most important factor in whether a team succeeds or fails.

This book demonstrates how to apply the mindset and principles that enable SEAL units to accomplish the most difficult combat missions to any team or organization, in any leadership environment. A compelling narrative with powerful instruction and direct application, Extreme Ownership challenges leaders everywhere to fulfill their ultimate purpose: lead and win.

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