Running a successful business is a dream for many people. However, the reality is that most small businesses fail within their first few years. In fact, according to Forbes, 90% of start-ups fail. So what makes the difference between success and failure? The answer lies in understanding the importance of systems, processes, and organisation in your business. That’s where The E-Myth Revisited comes in…

Written by Michael E. Gerber, The E-Myth Revisited is a business book that has been helping entrepreneurs for over two decades. In this book, Gerber explains why most small businesses fail and provides a step-by-step guide on how to build a successful business.

The E-Myth Revisited is divided into three parts…

The E-Myth

In the first part, Gerber explains what the E-Myth is and why it’s the reason most small businesses fail. The E-Myth is the myth of the entrepreneur – the belief that people who start businesses are entrepreneurs and that they know how to run a business. Gerber argues that this is not true and that most people who start businesses are technicians who know how to do the work, but not how to run the business.

The Turn-Key Revolution

This explains how to build a business that works. Gerber provides a step-by-step guide on how to create systems and processes that will enable your business to run smoothly and efficiently. He emphasises the importance of creating a business that can operate without you, so that you can focus on growing your business rather than working in it.

Building a Small Business That Works

The final section is a practical guide on how to apply the principles outlined in the first two parts of the book. Gerber provides examples of businesses that have successfully implemented the strategies he outlines and provides practical tips on how to apply them to your own business.

 

So why should every business owner read The E-Myth Revisited?

  1. It will help you understand why most small businesses fail. By understanding the E-Myth, you can avoid the mistakes that most small business owners make.
  2. It will help you create systems and processes that will enable your business to run smoothly and efficiently. This will free up your time and allow you to focus on growing your business.
  3. It will help you create a business that can operate without you. This means that you can take a step back from your business without it falling apart.
  4. It will help you build a business that works. By following the step-by-step guide provided in the book, you can create a business that is sustainable and successful.

 

The E-Myth Revisited is a must-read for every business owner. Whether you’re just starting out or you’ve been in business for years, this book will provide you with the tools and strategies you need to build a successful business. By understanding the E-Myth and implementing the strategies outlined in the book, you can create a business that works for you, rather than the other way around.

So if you haven’t read The E-Myth Revisited yet, do yourself a favour and pick up a copy today. Your business (and your sanity) will thank you.