Good Read Recommendation
An instant classic, this revised and updated edition of the phenomenal bestseller dispels the myths about starting your own business. Small business consultant and author Michael E. Gerber, with sharp insight gained from years of experience, points out how common assumptions, expectations, and even technical expertise can get in the way of running a successful business.
Gerber walks you through the steps in the life of a business—from entrepreneurial infancy through adolescent growing pains to the mature entrepreneurial perspective: the guiding light of all businesses that succeed—and shows how to apply the lessons of franchising to any business, whether or not it is a franchise. Most importantly, Gerber draws the vital, often overlooked distinction between working on your business and working in your business.
The E-Myth Revisited will help you grow your business in a productive, assured way.
4 Lessons for Entrepreneurs from the E-Myth Revisited
1. You Don't Have to Do it All
One of the biggest lessons that entrepreneurs can learn from Michael E. Gerber's The E-Myth Revisited is that they don't have to do it all themselves. In the book, Gerber talks about the importance of delegation and how delegating tasks can help businesses run more efficiently. He also talks about how business owners need to focus on their strengths and delegate tasks that they're not good at to other people.
2. You Need to Systematize Your Business
Another important lesson that entrepreneurs can learn from The E-Myth Revisited is the importance of systematizing their business. Gerber talks about how businesses need to have systems in place for everything from marketing to customer service in order to be successful. He also talks about how these systems need to be regularly reviewed and updated in order to keep up with the changing needs of businesses.
3. You Need to Continuously Improve
Gerber also talks about the importance of continuous improvement in The E-Myth Revisited. He argues that businesses need to constantly strive to improve their products, services, and processes in order to stay ahead of the competition. He also talks about how business owners need to be open to feedback and willing to make changes based on feedback in order to improve their business.
4. You Need a Plan
Finally, Gerber talks about the importance of having a plan for your business. He argues that businesses need to have a clear vision for what they want to achieve and a plan for how they're going to achieve it. He also talks about how business owners need to review their plan regularly and make adjustments as needed in order to ensure that their business is on track.
