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The E-Myth: The System Is The Answer

Twitter Summary:  A lot of your screw ups can be fixed by new routines.  Let me tell you all about it.

Principle

The foundation of what Gerber teaches in The E-Myth is that the success of small businesses depend on creating efficient systems that provide consistent results.  He used examples of McDonalds and other fast food franchises that use consistent systems to deliver the same product regardless of location or personnel.  So even if your product isn’t of the greatest quality (like McDonalds food!) the consistency with which it is produced makes it extremely valuable.  If you can consistently release a product that people can depend on, they will choose yours over high quality results that are inconsistent every time.

Small businesses often struggle because the owner usually finds...

July 19, 2013 Books, The E-myth No comments
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The E-Myth: Abdicate vs Delegate

Twitter Summary: If you’re in charge, do you find yourself working in your organization or leading it?

Principle

Michael Gerber in his book The E-Myth explains that one of the many reasons small business fail in their infancy is because some owners unintentionally abdicate vs delegate work responsibilities. Instead of delegating a portion of the business, providing clear guidance, and remaining involved, they often assign it to someone else, remove themselves completely from that portion of the business so as to focus on the actual work being done.  They struggle to know the difference between owning a business and working in a business.  Gerber says this is more a result of just not knowing how to do the work of an owner/manager than it is intentional negligence.

In Gerber’s own words ...

July 12, 2013 Books, The E-myth No comments
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