The E Myth Book Review
Many people dream of quitting their job and starting a business of their own. However, 40 percent of new businesses fail in the first year and 80 percent within five years.
Micheal Gerber explains why so many businesses fail in this classic book. He also provides a step-by-step program for building a successful business that can run without you.
What is the E-Myth?
Michael Gerber wrote this business book to dispel the myth that everyone who starts a business is an entrepreneur. He explains that running a business and getting technical work done are two different things and most people focus on the former and fail at it.
He uses the example of Sarah, a baker who starts her own business to illustrate how most small businesses fail. The book outlines the seven steps to creating a business that is successful, productive and saleable.
The E-Myth Book is a must-read for anyone who wants to start their own business. From the 22 year old barista with an itch to open their own cafe to the 49 year old restaurant owner who is starting to think about retirement options – the E-Myth is relevant for all types of entrepreneurs, young and old.
Why is the E-Myth a Myth?
In the age of instant information and pervasive networking via social media and courses on entrepreneurship at all levels of education, some pundits wonder whether the E-Myth is no longer relevant. Others, however, believe that the principles in this book are as important today as ever.
Michael Gerber explains that the primary cause of business failure is that owners focus too much on the technical work of their businesses and not enough on building a system that will allow the business to run itself. The result is that the business becomes a job rather than a source of income.
Michael Gerber demonstrates that you can create a profitable and reliable system that will produce consistent results. He shows how to move beyond the business perspective and awaken the creator within yourself. This book is essential reading for anyone interested in growing their own business to the point where it can be sold or passed on to heirs without a hiccup.
What is the E-Myth Revisited?
The E-Myth Revisited is a revised and updated version of the classic book first published in 1986. Michael Gerber has revolutionized the way business owners think about starting and running a small business. He reveals how common assumptions, expectations and even technical expertise can get in the way of success.
In the book, he describes how having technical skills does not mean you know how to run a business. He also shows how a business can be set up so it depends on systems and not people, allowing the owner to remove themselves from the business if they choose.
The E-Myth Revisited explains why 80% of businesses fail and how to avoid becoming one of them by building a company that is based on systems, not on the work of the individual. It is a must-read for anyone starting a new business or looking to improve their existing one. Michael Gerber is a world-renowned business coach and author of nine other bestsellers on the subjects of small business entrepreneurship, leadership and management. He has also written 19 industry-specific E-Myth Vertical books co-authored by experts in their field, including Attorneys, Accountants, Optometrists, Landscape Contractors, Financial Advisers, Architects and more.
What is the E-Myth for Today?
Originally published in 1986 and later revised in 1995, The E-Myth Revisited continues to be a bestseller today. It describes the common misconceptions that lead small business owners into a trap that too often results in failure. By using the story of Sarah, a baker who struggles to maintain her pie shop, Michael Gerber draws a universally relatable picture of what goes wrong for small business owners.
Michael Gerber has dedicated his life to educating business owners about the concepts presented in The E-Myth Point of View. He speaks to business audiences around the world and teaches his lessons through his highly successful business coaching program.
He emphasizes that a business should be built on systems and not on the work of a single person. The E-Myth is a must-read for anyone who wants to grow their business in a productive and assured manner. This book helps readers draw the vital, often overlooked distinction between working on their business and working in their business.