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📖 DAILY BOOK SUMMARIES 📖 🚀 12 Lessons from 👉 🔥 The E-Myth Revisited : why fail 🔥 ✨ By Michel Gerber ✨ 1. E-Myth Defined • The "Entrepreneurial Myth" is the belief that all small business owners are natural entrepreneurs. • Most business owners start due to technical skills, not entrepreneurial ones. 2. Three Roles in Business • Entrepreneur: Visionary, looking for growth opportunities. • Manager: Organizer, ensures systems run smoothly. • Technician: Skilled worker, focuses on day-to-day tasks. • Many small businesses fail because owners focus too much on the Technician role. 3. Work On Your Business, Not In It • Owners should create systems and processes to ensure the business runs without their constant involvement. • Delegate tasks and focus on scaling and growth. 4. The Turn-Key Revolution • Model your business like a franchise with standardized operations. • Create a business that can run independently and consistently produce results. 5. The Business Development Process • Innovation: Find ways to make your business unique. • Quantification: Measure everything to improve efficiency. • Orchestration: Create systems that ensure consistent delivery of products/services. 6. The Franchise Prototype • Build your business as if you’re going to franchise it. Every aspect should be replicable. 7. The Life Cycle of a Business • Infancy: Owner does everything. • Adolescence: Growing pains; time to delegate tasks. • Maturity: A well-structured business that operates independently. 8. Conclusion • Success comes from systematizing your business and stepping away from daily technical work to focus on growth 9. Entrepreneurial Seizure • This is the moment when a technician decides to start their own business, mistakenly believing that knowing the technical work (e.g., being a good baker) means they can run a business (e.g., a bakery). 10. Systems vs. People • A successful business depends more on well-defined systems than individual people. Systems allow for consistency, even when employees change. 11. The Customer Experience • Every part of the business should be designed with the customer in mind. Create a predictable, positive experience for customers at every touchpoint. 12. Continuous Improvement • Constantly review and improve the business processes. Even established systems need regular updates to stay relevant and efficient. 🔗 You can download whole book freely from comment section 🔗