Saturday, October 17, 2009
My Takeaways From The Book The E-Myth Revisited
There is no shortage of business books available to read. All of them offer some unique perspective on one or many aspects of business. As is shown from an entire category here at The Hot Iron on book takeaways, I enjoying reading a variety of business books and manage to take something away from them. With some books, something resonates with me strongly, even if it is a reaffirmation of something I already know.
This was the case for me with The E-Myth Revisited by Michael Gerber. It is considered a “classis” small business book as it talks about the dilemma most entrepreneurs (what the “e” stands for) get into, where what they thought was creating a business was more creating a job. Gerber, in a narrative style, takes the reader to the point where they are, and guides them out of it and back to leading a business.
In this description I have oversimplified the details of the book, as there are many to go through, plus I did not want to give too much away as I am hoping anyone who owns their own business reads the book! There is certainly a lot in each step of Gerber’s process, especially as he has developed a consulting firm around helping people do so. I will share with you my takeaways from this book.
My greatest take away from The E-Myth Revisited is to write is down, and write down everything. I am not just referring to to-do lists, rather I am talking about writing everything from a business plan to operation plans to logins and passwords. Many people will confirm with me that if it isn’t written down, it will never happen. This rings true especially for business planning. Why many people don’t write things down is because they believe they do not have to, that it is in their heads and that is good enough. However you will get to a point that you wished you wrote it down, so you have something to look to at all times as a barometer at how successful you are.
An equally important takeaway is to determine what you want out of your business. For most entrepreneurs, including myself, going on your own meant you wanted to do things the way you felt they should be and not how you did them working for someone else. Where this is true, one thing you probably didn’t want to do was work 20 hours a day, every day or balance your business’ books on a regular basis! In E-Myth Gerber calls this your Primary Aim, and defining it even several years down the road is important for you to do. I know, I did it myself.
Note both of these takeaways are not necessarily earth-shattering revelations you could only get from the book. Perhaps it was the style of the book, or when I read it personally, that made these points resonate with me.
The E-Myth Revisited was recommended to me by many people. I purchased my own copy and was personally compelled to write this post. My only regret with reading it is that I wished I read it very early on in the starting of my business. After reading it, myself and a colleague decided to go through defining our Primary Aims and we shared out discoveries. It was a soul-searching experience, not to mention important activity. Needless to say I recommend this book to anyone who is thinking of starting a business or even someone who is already in business who has not read it yet. I consider The E-Myth Revisited a must-read business book, with the likes of Barry Moltz’s You Need To Be a Little Crazy: The Truth About Starting and Growing Your Business. Note the links to books in this post are affiliate links to Amazon.com.
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Posted by Mike Maddaloni on 10/17/09 at 04:00 AM
Book Take-Aways • Business • (0) Comments • Permalink •
