Have you heard of the E-Myth?

When I'm at networking events and I hear myself speaking with entrepreneurs and business owners, it always seems like this questions come up. It never fails especially when I hear the struggles that some business owners have and I think automatically about the E-Myth.

Here's some takeaways:

  • 80% of businesses fail within the first 5 years
  • Make a business that is systems dependent but not people dependent aka Turn-key.
  • Build your business into a Franchise.
  • Everything must be documented in your manual
  • 3 roles you will play–(1) Entrepreneur (2) Manager (3) Technician
  • 3 stages–(1) Infancy (2) Expansion (3) Maturity
  • The person is never the problem. The system is.


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