America is the land of opportunity, and one of the best ways to secure your financial future is to open your own business. While many try this venture, unfortunately not as many succeed. The Small Business Association (SBA) found that “30% of new businesses fail during the first two years of being open, 50% during the first five years and 66% during the first 10.”
What sets apart successful companies from those that cannot seem to thrive? This book, The E-myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber, a small business consultant, addresses this question.
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The author uses the example of a woman whose name is Sarah, who is the owner of a pie-making business throughout the book.
The E-Myth Revisited covers what every freelancer needs to know: the difference between creating a job and a business.
Well many readers complained that the first few chapters are fairly boring, stick with it because starting in Chapter 7, the author tells you the blocks of building a company that works for you, instead of one that you have to work for for the rest of your life. The key to building a company versus just creating a job for yourself is to create processes that will separate you from the business.
Just because you are a small business owner, does not mean you have to spend the rest of your life working nonstop—that is just a myth that others have not been able to automate their business will tell you.
Just like another popular book, The 4-Hour Work Week, the author’s main goal is to let his readers know that it is possible to achieve success while also having the freedom to live your life if you are able to institute the right fundamentals into the structure of your business.
Whether your business is still just an idea in your head, you are in the start-up phase or you have an established company, this book will have great advice for every stage of running your company. The author addresses things like growing pains to giving advice on the right way to franchise without damaging your brand.
What main roadblocks have you been able to overcome in your business? Share with us in comments.
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Purchase this book here: https://amzn.to/2FlVvvM
