Merchant MBA

10 Must-Read Books for Entrepreneurs - Merchant GMAT & Admissions

Written by Merchant MBA | 8/24/21 5:16 PM

In short

This is Merchant MBA's curated reading list for entrepreneurs and future business leaders who want stronger strategy, execution, and leadership judgment. Each book below is mapped to a specific "use case" (finding positioning, making decisions with limited time, leading through hard moments, or building influence). If you're applying to MBA programs, this list can also help you generate sharper examples for essays and interviews—because the fastest way to improve your application is often to improve the clarity of how you think.

Who This Reading List Is For (And How To Use It)

If you're building a company, leading a team, or preparing for an MBA, you're competing on judgment. The goal of this list is not to "read more." It's to read a few things that reliably improve how you frame problems, choose priorities, and communicate decisions.

Use it like a toolkit: pick one book for strategy, one for execution/habits, and one for leadership/communication. Then capture 3–5 concrete takeaways you can apply immediately—ideally as decisions you made, tradeoffs you accepted, and results you can explain clearly.

"I have three pieces of advice I want you to remember: Don't ever grow up. Don't become a bore. Don't let The Man get to you. OKAY? Cool. Then let's do this."

That line works as a mindset check—but for ambitious operators, the more useful version is: keep your edge, keep your curiosity, and don't outsource your direction to other people's expectations.

If you're MBA-bound, this matters because many applicants sound interchangeable. The best applications show independent thinking: what you chose to learn, why it mattered, and how it changed how you lead.

Strategy And Positioning (Where To Play, And How To Win)

Blue Ocean Strategy by W. Chan Kim and Renee Mauborgne: A classic framework for stepping out of pure head-to-head competition and into differentiated market space. Read it when you're refining your positioning, pricing, or go-to-market—and you need a structured way to explain "why us" beyond features.

Start With Why by Simon Sinek: A simple but durable reminder that "what we do" is rarely the differentiator—beliefs and purpose create coherence. Useful when your company story (or your personal story, for MBA applications) feels scattered and you need a clearer narrative spine.

The Mom Test by Rob Fitzpatrick: One of the most practical books on customer discovery and the art of asking questions that produce truth, not compliments. Read it if you're building anything new—product, service, or career direction—and need cleaner signal from conversations.

Focus And Execution (Doing Less, Better)

Essentialism: The Disciplined Pursuit of Less by Greg McKeown: A playbook for choosing what matters and protecting it—especially when you're overwhelmed by competing priorities. It's most valuable when you're saying yes too often and paying for it in quality.

The Power of Habit by Charles Duhigg: A readable introduction to how habits form and how to redesign the triggers and rewards that drive your behavior. Useful when your intentions are strong, but your day-to-day systems keep producing the same outcomes.

The 4-hour Work Week by Timothy Ferriss: A provocative take on rethinking work design and leverage. Take it as a prompt to challenge default assumptions—not as a universal template—and apply what fits your reality.

Leadership Under Pressure (The Parts People Don't Romanticize)

The Hard Thing About Hard Things by Ben Horowitz: A grounded look at the real operating problems leaders face: uncertainty, hard calls, and staying effective when there's no clean answer. Read it when you're leading through ambiguity and want language for messy, high-stakes decisions.

Give and Take by Adam Grant: A modern take on how relationships, reciprocity, and collaboration influence outcomes. Useful for founders and leaders who want to build influence without falling into purely transactional networking.

Building With Your Natural Style (Not Someone Else's Persona)

The Introvert Entrepreneur by Beth Buelow: A counterweight to the "always on, always selling" version of entrepreneurship. Practical for leaders who prefer depth, preparation, and thoughtful communication—and want to scale impact without performing extroversion.

Company of One by Paul Jarvis: A strategic argument for staying intentionally small (or at least intentionally designed) rather than chasing growth by default. Read it if your next decision is about scale, hiring, or business model complexity.

Bonus Track: Books For Female Entrepreneurs And Businesswomen

Lean In by Sheryl Sandberg: A widely discussed perspective on ambition, opportunity, and leadership—useful as a lens to evaluate how workplaces shape (or constrain) progression. Whether you agree with every premise or not, it can sharpen how you think about leadership tradeoffs.

#Girlboss by Sophia Amoruso: A founder story that pushes against conventional "success scripts" and invites a more self-directed approach to building a career. It's most useful as motivation plus a reminder that unconventional paths can be coherent if you can explain the choices.

Nice Girls Don't Get the Corner Office by Lois P. Frankel: A practical guide to identifying patterns that can quietly limit advancement and influence. Useful if you want specific behavioral changes you can test immediately in meetings, negotiations, and leadership moments.

If you're applying to MBA programs, don't treat reading as a credential. Treat it as a source of stronger examples: decisions you made, how you prioritized, how you influenced others, and how you learned under pressure.

One simple method: after each book, write a short "before/after." What did you believe before? What do you believe now? Then tie that shift to one leadership moment you can describe in your resume, essays, and interviews.

To save you that research time, we created Merchant's Selection of Books for Entrepreneurs.

How To Choose The Right Next Book (Fast)

If you want better positioning and differentiation, start with Blue Ocean Strategy. If you want cleaner narrative and motivation, start with Start With Why. If you're building and need truth from customers, start with The Mom Test.

If you're overwhelmed, pick Essentialism. If you're stuck in patterns, pick The Power of Habit. If you're leading through ambiguity, pick The Hard Thing About Hard Things.

FAQ
Which Of These Books Is Best If I'm Applying To MBA Programs?
Start with the one that strengthens your "how I think" story: The Hard Thing About Hard Things (decision-making under pressure), Blue Ocean Strategy (strategic framing), or Essentialism (prioritization). The best choice is the book that helps you produce clearer leadership examples—not the one that sounds most impressive.
How Do I Turn What I Read Into Stronger Essays Or Interview Answers?
Translate ideas into actions: what decision you made differently, what tradeoff you accepted, and what changed as a result. Then capture one concise story with context, your role, the constraint, the choice, and the outcome—so it becomes application-ready.
How Many Books Should I Read Before I Apply?
You don't need a long list—you need depth. Two to four well-chosen books that genuinely change your thinking can create better leadership examples than twenty books you can't apply. Pick themes that match your goals (strategy, leadership, execution) and go deep enough to produce usable takeaways.
How Can I Protect My Admissions Timeline While I'm Busy With Work Or A Startup?
Time-box the learning and convert it into output quickly: notes, a short reflection, and one "application story" per book. In admissions, momentum matters—so prioritize activities that improve your positioning and narrative clarity without expanding your weekly workload indefinitely.
Do I Need To Read "Entrepreneurship Books" If I'm Not A Founder?
No. Many of these books are really about judgment: prioritization, influence, differentiation, and decision-making under uncertainty. Those skills apply across consulting, product, finance, and leadership roles—especially if you want to show impact and trajectory.

Turn Your Experience Into An MBA-Ready Story

If you're aiming for top programs, we'll pressure-test your positioning, school strategy, and leadership narrative—so your application reads like a coherent, high-conviction plan.

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