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I finished E-Myth Revisited years back ... I'm now on E-Myth Mastery ... many of the concepts of his books requires practical experience, otherwise you might st

I finished E-Myth Revisited years back ... I'm now on E-Myth Mastery ... many of the concepts of his books requires practical experience, otherwise you might struggle to visualize his concepts ... Following his concepts in the first book i had successfully created a small and profitable company now with about 8 employees ... i'm hoping to learn the skills required to bring my company to the next level! IPO, MNC, Big Corp, etc.

arkitaip 14y ago
I've heard so much good about E-Myth Revisited but I'm not fully convinced that it's any different from all the other biz management literature I've read. Would love to hear what your major take aways are.
- chromatic 14y ago
  Two ideas struck me from the book. First, thinking like a technician is different from thinking like a manager is different from thinking like a business owner. You may have technical expertise, but that doesn't in and of itself teach you how to manage a business or how to build a business. Sometimes you have to switch hats. You'll almost certainly have to learn the difference between performing a skill, managing people, and building a business. Second, building a sustainable business requires you to create good processes which allow you to get good results from average workers. Gerber calls this the franchise model. Even if you don't want to build a franchise, he argues that the technique works--this means getting knowledge out of the head of the one or two fantastic employees you have (the ones on whom the business relies) into documentation. I ought to write up longer thoughts on the book. I found it frustrating to read but valuable nonetheless.
  - arkitaip 14y ago
    Thanks for sharing your thoughts. The second idea struck a cord because this is essentially the basis for knowledge management, which I've been studying lately and find incredible useful as a source of inspiration on how to run a business.
- j45 14y ago
  It is one of the few books I wished I had 10 years ago and would have saved me aggravation. Other books might teach it too, but how simply he explained the battle inside each entrepreneur between 3 opposing personalities (Technician, Manager, and Entrepreneur) is really eye opening, especially once you've been on the path for a bit.
- ngsayjoe 14y ago
  One of the major takeaway from E-Myth is that i learnt the importance of business automation, e.g. creating organization charts, business operations manuals, financial reports, business metrics, etc.
- wpietri 14y ago
  I read "The E-Myth" years ago. I hate business books, but loved that one. It was not because of the writing; it could well be the worst-written book I have ever bought. But the guy clearly had a ton of practical experience, and his view of business really helped me think about entrepreneurship as an activity, not a theory.

arkitaip 14y ago

I've heard so much good about E-Myth Revisited but I'm not fully convinced that it's any different from all the other biz management literature I've read. Would love to hear what your major take aways are.

chromatic 14y ago
Two ideas struck me from the book. First, thinking like a technician is different from thinking like a manager is different from thinking like a business owner. You may have technical expertise, but that doesn't in and of itself teach you how to manage a business or how to build a business. Sometimes you have to switch hats. You'll almost certainly have to learn the difference between performing a skill, managing people, and building a business. Second, building a sustainable business requires you to create good processes which allow you to get good results from average workers. Gerber calls this the franchise model. Even if you don't want to build a franchise, he argues that the technique works--this means getting knowledge out of the head of the one or two fantastic employees you have (the ones on whom the business relies) into documentation. I ought to write up longer thoughts on the book. I found it frustrating to read but valuable nonetheless.
- arkitaip 14y ago
  Thanks for sharing your thoughts. The second idea struck a cord because this is essentially the basis for knowledge management, which I've been studying lately and find incredible useful as a source of inspiration on how to run a business.
j45 14y ago
It is one of the few books I wished I had 10 years ago and would have saved me aggravation. Other books might teach it too, but how simply he explained the battle inside each entrepreneur between 3 opposing personalities (Technician, Manager, and Entrepreneur) is really eye opening, especially once you've been on the path for a bit.
ngsayjoe 14y ago
One of the major takeaway from E-Myth is that i learnt the importance of business automation, e.g. creating organization charts, business operations manuals, financial reports, business metrics, etc.
wpietri 14y ago
I read "The E-Myth" years ago. I hate business books, but loved that one. It was not because of the writing; it could well be the worst-written book I have ever bought. But the guy clearly had a ton of practical experience, and his view of business really helped me think about entrepreneurship as an activity, not a theory.