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A review by annguyen98789
The E Myth Revisited by Michael E. Gerber
3.0
Basic gist is small businesses fail because the owners are the business, without the owner the business cannot continue. A business is a series of processes and pipelines designed to deliver value to the end consumer. Every part of the business should be a cog, replaceable and efficient. Document processes, delegate responsibilities. The goal of work is not to work more.
There are 3 types, the entrepreneur, the manager, and the technician. The entrepreneur is the fearless leader with the idealistic vision in the future, the manager is concerned with the present obstacles, the technician believes in the past (learn from existing knowledge, what worked yesterday will work today). All three have competing motivations. The average small business owner wants to fulfill all three roles and is therefore at odds with themselves.
There are 3 types, the entrepreneur, the manager, and the technician. The entrepreneur is the fearless leader with the idealistic vision in the future, the manager is concerned with the present obstacles, the technician believes in the past (learn from existing knowledge, what worked yesterday will work today). All three have competing motivations. The average small business owner wants to fulfill all three roles and is therefore at odds with themselves.