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A review by daeus
The E Myth Revisited by Michael E. Gerber
5.0
There is so much good stuff in here. Despite the weirdness of the author throughout the dialogues (I skipped over a few), I ended up underlining a lot of this book. For example, I really like the idea of drawing out roles and building backwards so that there are clear responsibilities as a business grows (rather than rotating responsibilities with more and more people, which can often become a source of tension).
Some other nuggets of wisdom:
- "...that's why I look upon McDonald's as a model for every small business...because it can do in its more than 28,000 stores what most of us can't do in one!"
- "there is ultimately only one reason to create a business of your own, and that is to sell it... why would anyone buy it? Because it works!" [ie. you want to get to a place when you are able to sell the business, but not necessarily have to].
Some other nuggets of wisdom:
- "...that's why I look upon McDonald's as a model for every small business...because it can do in its more than 28,000 stores what most of us can't do in one!"
- "there is ultimately only one reason to create a business of your own, and that is to sell it... why would anyone buy it? Because it works!" [ie. you want to get to a place when you are able to sell the business, but not necessarily have to].