The E-Myth Revisited: Why Most Small Businesses Dont Work and What to Do About It

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I waited quietly to hear what she would say next. For emphasis, she kicked the oven again. And then slumped, sighed deeply, and hugged herself, almost desperately. What do I do now? Not really asking me, I knew, but asking herself. Sarah leaned against the wall and remained there quietly for a long moment, staring at her feet.

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The large clock on the wall ticked loudly in the empty shop. I could hear the cars driving by on the busy street in front of the shop as the city came awake. The sun shone harshly through the spotless windows, sweeping the gleaming oak floor in front of the counter. I could see the dust in the stream of light, hanging suspended as though waiting for Sarah to speak. She had put her heart into this place, just as she had put her heart into her pies, falling in love with baking as a young girl, mentored by her aunt who had lived with her family while Sarah was growing up.

Her aunt had introduced her to the magic of the process: the kneading of the dough, the cleaning of the oven, the sprinkling of the flour, the preparation of the trays, the careful cutting of the apples, the cherries, the rhubarb, the peaches. It was a labor of love. Her aunt had told her, time and time again, Sarah, dear, we have all the time in the world. Baking pies is not about getting done. But now Sarah knew that baking pies was about getting done. Baking pies was ruined for her.

At least she thought it was. I knew how oppressive it must be for her to find herself so deeply in debt, to feel so helpless in the face of it. Where was her aunt now? Who was going to teach her what to do next? The technician suffering from an Entrepreneurial Seizure takes the work he loves to do and turns it into a job.

The work that was born out of love becomes a chore, among a welter of other less familiar and less pleasant chores. Rather than maintaining its specialness, representing the unique skill the technician possesses and upon which he started the business, the work becomes trivialized, something to get through in order to make room for everything else that must be done. I told Sarah that every technician suffering from an Entrepreneurial Seizure experiences exactly the same thing. First, exhilaration; second, terror; third, exhaustion; and, finally, despair.

A terrible sense of loss—not only the loss of what was closest to them, their special. This action might not be possible to undo. Are you sure you want to continue? Upload Sign In Join. Save For Later. Create a List. Summary An instant classic, this revised and updated edition of the phenomenal bestseller dispels the myths about starting your own business.

The E-Myth Revisited will help you grow your business in a productive, assured way. Read on the Scribd mobile app Download the free Scribd mobile app to read anytime, anywhere. Joseph Heller Something Happened If you own a small business, or if you want to own a small business, this book was written for you. Just look at the numbers. Why is this? Why do so many people go into business, only to fail? This book answers those questions. If your thinking is sloppy, your business will be sloppy. If you are disorganized, your business will be disorganized.

Aldous Huxley The E-Myth is the myth of the entrepreneur. Well, while there are such people, my experience tells me they are rare.

The vision was all but gone in most. The zest for the climb had turned into a terror of heights.

Business Coaching | EMyth | Transform Your Business

The face of the rock had become something to cling to rather than to scale. Exhaustion was common, exhilaration rare. But, if so, where was the dream now? Why had it faded? Where was the entrepreneur who had started the business? The answer is simple: the entrepreneur had only existed for a moment. A fleeting second in time. And then it was gone. In most cases, forever. That myth, that misunderstanding, I call the E-Myth, the myth of the entrepreneur. Then who does start small businesses in America?

And why? What were you doing? Probably technical work, like almost everybody who goes into business. You were a carpenter, a mechanic, or a machinist. But whatever you were, you were doing technical work. And you were probably damn good at it. But you were doing it for somebody else. The excitement of cutting the cord became your constant companion. The thought of independence followed you everywhere.

Once you were stricken with an Entrepreneurial Seizure, there was no relief. You had to start your own business. The Fatal Assumption In the throes of your Entrepreneurial Seizure, you fell victim to the most disastrous assumption anyone can make about going into business. But the technician who starts a business fails to see this.

So the carpenter, or the electrician, or the plumber becomes a contractor. The barber opens up a barber shop. The technical writer starts a technical writing business. The hairdresser starts a beauty salon. The engineer goes into the semiconductor business. The musician opens up a music store. He would be forced to learn how to make the business work, rather than to do the work himself. See the young Woman Baking Pies. The sweet fresh aroma of pies filled the air. Instead, she kicked the huge black oven in front of her with her right foot. Damn, Damn, Damn! She was deep in debt.

She had spent everything she had, and more, to create this lovely little shop. The floors were the best oak. The ovens were the best ovens. The displays were charming, the very best money could buy.

The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It

Her aunt had corrected her when, in her haste, Sarah had hurried the process. And Sarah thought she understood her. The clock continued its emphatic ticking. I watched as Sarah seemed to shrink even closer to herself. Becoming the manager implies acquiring a new set of skill, but it is also an intermediary position.

THE E-MYTH REVISITED by Michael Gerber - Core Message

The manager is here to do what the future entrepreneur will soon refuse to do himself when he will need to concentrate on vision and planning. The risk here is that new business owners acting as technicians tend to refuse to become managers. When businesses grow, the owner therefore has to let other technicians do the technical work baking the pies.

And he must accept to become the manager. He has to agree to be in charge, because his new role is to put into place a form of management by delegation — trust the technician — which implies training and developing management tools. Here, the new entrepreneur needs to go beyond his comfort zone and push his own boundaries. Because running a business implies generating a profit and making money! Otherwise, he takes the risk of going back to being small again. And to kill the business by the same token. He must also refrain from remaining an adolescent. To Gerber, the question is therefore not about how small.

The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do about It

The technician does, the manager manages, the entrepreneur plans. In sum, Gerber concludes that the entrepreneurial myth has one source and one solution. The idea here is that no entrepreneur is free until he has created a model that can be replicated without him. Gerber focuses on one idea here. Creating a franchise. To him, the next step for the small business owner consists in transforming a business into a product that can be replicated and managed by others. What is sold here is not the baked pies anymore. The product is a fully reproducible and predictable bakery business model.

A model that is precise enough to empower others while requiring minimum involvement. His point is illustrated very thoroughly with numerous comments. He takes one example, in particular… of how Ray Kroc transformed a well-organized burger shop into MacDonald as we know it. In the case of MacDonald, Gerber says, this required adapting Ford-style methods of producing cars to controlled and automated food production.

The goal is simple. The model then becomes balanced, in line with the mindset issue discussed previously. The entrepreneur focuses on the vision, the managers are hired to deal with order and predictability… while the technicians get everything done. Of course, the franchise is only an image here. But the model is relevant and worth adapting to any business as long as the new entrepreneur has become aware of that organizational opportunity. No need to actually create a franchise! From that point, the new entrepreneur starts working ON the business.

He focuses on ensuring value consistency to the clients and partners of all sorts, whether they are bankers or suppliers … whilst relying on low-skilled workers for the operational work. Again, the point here is not to create a franchised business. It is to plan business development to make it manageable without you.

One is innovation. Gerber defines innovation as creativity with results. Everything must start from the customer. Then comes quantification, i. This relates to how many pies ought to be made, but this also implies looking at what welcoming formula generates the best sales for instance. Orchestration is the last aspect of the mindset. It consists in saying that discretion left to technicians employees in general can be associated with chaos and must be eliminated.

Simply, discretion is the enemy of order. And orchestration is key to obtaining the consistency expected by the clients. And it does include defining aims, creating an organization strategy, a management strategy, a people management strategy, a marketing strategy and so on. Thinking about your aim requires thinking about the life you want to live. The objective is to find ways to achieve your aim.

So, organizational strategy is about finding ways to progressively replace yourself, etc. The purpose of this summary is only to provide you with the main ideas however, therefore those points will be left aside.

Create a business, not a job

If you are interested, get the book! If you are a small business owner looking for help to focus on what matters to get things do ne , in fact, that books is a must read. Indeed, the book explores various discussions at the same time and is suitable for different audiences. The book has a clear focus on small businesses and will be relevant to those starting a business.

But it is also great for anyone who already owns a business, faces difficulties in generating a profit and making money and needs a little bit of help to change the way things go. Second, the book also discusses the idea of working to live the life we want instead of working all the time and delaying our personal dreams.

For instance, what are your basic motivations as an entrepreneur? How should you be thinking your business from scratch? Do you build a business to become free or do you build a business to become a slave to your own dream? What is an entrepreneurial mindset and what does it require? What is your role as an entrepreneur? Obviously, the book is spot-on and an absolute must read for those interested in starting their business and for those who already have things ongoing.

Having said this, the book also discusses the idea of working to have the life we want instead of turning our lives into a work thing. The point is relevant to many, and for this reason, it seems more than fair to also classify this book as one of those motivational guides that focus on helping readers to make the most of their lives. In a nutshell: totally complementary. It is about what mistakes every small business owner does and about what you have to do if you want to escape the vicious circle of the Entrepreneurial Myth. If you are interested in at least one of these topics, the book will be valuable to you without a doubt.

Easy to read? Lots of examples? Reading time? Must-read book?

Read More From Michael E. Gerber

My reading notes are meant to give you a very comprehensive overview of the books I read and some food for thought for the month. Having said that, the next step for you is to keep digging! Remember, books are a cheap way to learn new things and to benefit from the experience of others at no cost. Thank you! As always, I hope you enjoyed this book review! Please let me know what you think in the comment box down the page.

Especially if you read the book, if you feel like buying it, or if you simply enjoyed my review! Politics, society, technology, business, self-development, you name it! Read smart, think smart! You must log in to post a comment. Book Reviews. Books you MUST read. Entrepreneurship is tough, Michael E.

The book in bullet points Gerber explores these major themes: How small business owners think. The importance of business development planning. What mindset should they adopt instead. Ways to progress and develop so as to achieve the target. He also asks a variety of questions, including: How does a new entrepreneur think? Why this way of thinking is fundamentally incompatible with the business dream of every new entrepreneur and why the cycle creates an entrepreneurial myth.