Business

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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Gresham Harkless Jr.

Gresham Harkless is a Media Consultant for Blue 16 Media and the Blogger-in-Chief for CEO Blog Nation. CEO Blog Nation is a community of blogs for entrepreneurs and business owners. Started in much the same way as most small businesses, CEO Blog Nation captures the essence of entrepreneurship by allowing entrepreneurs and business owners to have a voice. CEO Blog Nation provides news, information, events and even startup business tips for entrepreneurs, startups and business owners to succeed.

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