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๐ DAILY BOOK SUMMARIES ๐ ๐ 12 Lessons from ๐ ๐ฅ The E-Myth Revisited : why fail ๐ฅ โจ By Michel Gerber โจ 1. E-Myth Defined โข The "Entrepreneurial Myth" is the belief that all small business owners are natural entrepreneurs. โข Most business owners start due to technical skills, not entrepreneurial ones. 2. Three Roles in Business โข Entrepreneur: Visionary, looking for growth opportunities. โข Manager: Organizer, ensures systems run smoothly. โข Technician: Skilled worker, focuses on day-to-day tasks. โข Many small businesses fail because owners focus too much on the Technician role. 3. Work On Your Business, Not In It โข Owners should create systems and processes to ensure the business runs without their constant involvement. โข Delegate tasks and focus on scaling and growth. 4. The Turn-Key Revolution โข Model your business like a franchise with standardized operations. โข Create a business that can run independently and consistently produce results. 5. The Business Development Process โข Innovation: Find ways to make your business unique. โข Quantification: Measure everything to improve efficiency. โข Orchestration: Create systems that ensure consistent delivery of products/services. 6. The Franchise Prototype โข Build your business as if youโre going to franchise it. Every aspect should be replicable. 7. The Life Cycle of a Business โข Infancy: Owner does everything. โข Adolescence: Growing pains; time to delegate tasks. โข Maturity: A well-structured business that operates independently. 8. Conclusion โข Success comes from systematizing your business and stepping away from daily technical work to focus on growth 9. Entrepreneurial Seizure โข 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 โข A successful business depends more on well-defined systems than individual people. Systems allow for consistency, even when employees change. 11. The Customer Experience โข 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 โข Constantly review and improve the business processes. Even established systems need regular updates to stay relevant and efficient. ๐ You can download whole book freely from comment section ๐
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About Our Business:- Sunraise Solar Technology Private Limited is a clean energy solutions company based in Mumbai, offering end-to-end solar installation services across residential, commercial, industrial, and agricultural sectors. Our offerings in
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Building business is not just making profits And selling. A successful business owners always remains a consistent player at Team Building , Strategy planning, Motivating the team to perform the best, and yes not to forget the burnouts and rejections
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