The E-Myth Revisited by Michael E. Gerber: Summary and Notes

“Contrary to popular belief, my experience has shown me that the people who are exceptionally good in business aren’t so because of what they know but because of their insatiable need to know more.”

Dan Silvestre

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“If your business depends on you, you don’t own a business — you have a job. And it’s the worst job in the world because you’re working for a lunatic!”

Rating: 9/10

Related Books: E-Myth Mastery, The E-Myth Manager, The 4-Hour Workweek, Zero to One, The E-Myth Enterprise, Awakening the Entrepreneur Within

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The E-Myth Revisited Short Summary

The E-Myth Revisited by Michael Gerber is a must-read by every business owner. Gerber explains why most small businesses fail and what can be done about it. To succeed, small business owners need to see their businesses as reproducible units. In other words, the key is to create the right balance between their managerial, entrepreneurial, and technical personalities. An excellent book, highly recommend.

Part I: The E-Myth and American Small Business

The Entrepreneurial Myth

The E-Myth is the myth of the heroic entrepreneur. But most entrepreneurs are hardly that way. They are beaten down, exhausted, and have lost their vision.

The E-Myth has cost the American economy greatly in terms of wasted lives, resources, and opportunities because most small businesses end up failing.

Most businesses are started by people who are struck by the entrepreneur seizure but who fail to understand that having technical skills and running a business are two very different things.

The fatal assumption: if you understand the technical work of a business, you understand a business that does that technical work.

The Entrepreneur, the Manager, and the Technician

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Dan Silvestre

Performance coach helping leaders get the right things done with less effort than anything they've tried before. Join 20k+ readers: newsletter.dansilvestre.com