Why the E-Myth is a must read for those interested in business.

I just finished reading an excellent book that has been around for years. It’s called the E-Myth and starts by painting a picture of working in business that intimidated and scared me into thinking that I couldn’t possibly do it. More than that, I would always ponder why someone would go through so many intense challenges just for the sake of their business. 

Gerber attributes the failure of many small businesses not to a lack of skill, but to lack of knowledge about what the priorities are. The image of the small business owner as the lone crusader in a fight to keep the business going is a reality for some people. Someone close to me was having many very similar challenges quite recently with their business. Gerber then proceeds to describe an alternative way to establish, run and grow a business so that it achieves predictable results of success. Now obviously, that isn’t a guarantee, but the main ideas that I took away from the book were:

* Your business should become your vehicle and help you to live the life you want to, not become a burden and source of misery.

* In the words of Stephen Covey, beginning with the end in mind will ensure that you have a broader vision of what you want your company to eventually blossom into.

* The best businesses have create a culture that compels everyone connected to it to produce good work. This is down to creating an environment of purpose where each person feels their work is valued and important.

* Well thought out systems of operation go a long way to making sure that people who enter the business understand exactly what is required of them meaning that business owners can focus on strategy rather than technical work.

* Well planned systems means that your business can operate without you even being there. Thus creating the freedom that all business owners went into enterprise for in the first place.

* The organisational hierarchy of the company should be created at it’s inception, not when the company grows as that might be too late.

*Discovering your primary aim (The reason why you want to start a business) will help you make decisions about the company that allow it suit your needs and wants. 

If any of these ideas or concepts interest you, I would strongly encourage you read the book. I gained a huge amount from it, and will no doubt be referring back to it over and again once I start creating my own business.

I wish you the best

Shaun

Ideas for taking B.M.H.S forward.

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Just a short blog post today. I have been thinking about what I could do in order to improve upon what I am already putting out on my blog at the moment. I’ve decided that one change I will make is the sharing of powerful ideas and insights that I have discovered from other people.

For example, I am currently reading “The Monk Who Sold His Ferrari” by Robin Sharma. When I have finished with that book, I will share on here the main lessons and insights that I have gained from it. It will be less of a review of the book in terms of a recommendation and more of a sharing of the ideas and principles that resonated with me and I believe have value.

I believe that I should share these ideas that I get from other sources more regularly as it will allow me to post more often, and to give people ideas about where they might want to look for resources that will help them in their lives.

I will also take the time to re-visit some of my favourite books of the last couple of years and do the same thing with them. Books have the unique ability to give us the insights and expertise of experts without us having to meet them directly. The right book at the right time can change the philosophy or direction of a person’s life. It would be wrong of me not to share the great wisdom of these amazing authors.

I plan to do this with any art form that has inspired me in some way with it’s content. Be it music, film, theater, the list is endless.

What inspiration have you found through the masterpieces of others?

Choose success

Shaun.