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Summary of The E-Myth Revisited 

4.7 . 9161 reviews

Short summary

Have you been wondering why many people go into business, only to fail? What mistake do they keep making? Why are people still failing even with all the information available to them? This tidbit answers these questions by presenting ideas that are guaranteed to help you create an exciting and rewarding business. In this book, Michael E. Gerber, founder, chairman, and CEO of E-Myth Worldwide — a company founded to provide entrepreneurs with the help they need to build businesses that work — puts together a winning strategy that has worked for over 25,000 small businesses. In simple terms, he reveals a guide for those who see business development as a never-ending inquiry and are ready to work hard at finding the answers. “Contrary to popular belief, my experience has shown me that the people who are exceptionally good in business aren't so because of what they know but because of their insatiable need to know more.” ~ Michael E. Gerber

Table of content

  • Summary of The E-Myth Revisited
  • About the author
  • What is The E-Myth Revisited about?
  • Who should read The E-Myth Revisited
  • Topics in The E-Myth Revisited
first key point

Your skill alone is not nearly enough to run a business successfully

Listen the first key point
00:00
00:00
The fact that you have a particular skill doesn’t guarantee success in that field of business, i.e. being a great baker doesn’t mean you’ll excel in the food industry.

As hard as this pill is to swallow, it is the truth.

Many people have gone into business thinking that their technical knowledge alone is enough to make them successful. Little wonder many businesses end up being disasters.
To live through an impossible situation, you don't need the reflexes of a Grand Prix driver, the muscles of Hercules, the mind of an Einstein. You simply need to know what to do. ~ Anthony Greenbank
Since 1977, E-Myth Worldwide has helped over 25,000 business owners gain their footing through the use of the business development process taught in the E-Myth Mastery program. Here, Michael Gerber broke down these processes to their simplest forms.

Your business is nothing more than a reflection of who you are. And this summary aims to prove that. Keep reading to find out how you can build a system that works and one that can be a blueprint for others to follow.

Did you know? At least 40% of people who start a business in the United States of America fail in their first year, and within 5 years 80% of them will have failed?
second key point

You don’t need to have it all figured out in the beginning

Few business owners start as real entrepreneurs. The myth that small businesses are started by entrepreneurs is not only prevalent, it is also a misunderstanding that has wreaked a lot of havoc.
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third key point

You grow the most when you leave your comfort zone and explore possibilities

fourth key point

Your business is a representation of your beliefs and efforts

fifth key point

Your ideas can solve problems only when you keep trying them till you find the perfect one

sixth key point

Consistency means you care about your business enough to give it your best effort always

seventh key point

Your business’ growth depends on how seamless you can make your customers’ experience

eighth key point

Every employee in your company should know their duties and their relevance to the set goals

ninth key point

Your customer always comes first when you need to market a product

tenth key point

Conclusion

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What is The E-Myth Revisited about?

Who should read The E-Myth Revisited

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Do you find yourself staring at your computer for long minutes, unaware of time slipping by? Do you enter a room and suddenly cannot remember why you stepped in the first place? Is it a herculean task for you to sit through ten pages of a book without reaching for your phone? If yes, your focus needs some work and fast.

Actually, yours is not a unique situation. Many adults like you have issues concentrating on a given task. However, in this fast-paced world of ours, you can’t afford to be not focused at all times. Thankfully, this article comes to your rescue! With the tips and tricks from Hyperfocus by Chris Bailey, you will get in the top percent of folks who have mastered the art of concentration.