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Book Summary : The E-Myth Revisited
Ever wonder why most small businesses-- no matter how huge effort they put in their endeavor--still fail? Micheal Gerber reveals the answers in this book. Accordingly, the future of small businesses revolve in only three philosophies: the e-myth (entrepreneurial myth), the turn-key revolution, and the business development process.
The e-myth, or the entrepreneurial myth, evolved from one very fatal assumption-- that the success of every business is simply achieved by summing up the following: an entrepreneur's desire to own a business plus the certain amount of capital he puts in plus the knowing the amount of targeted profit.
Little did the entrepreneurs know that this assumption spell DISASTER rather than SUCCESS. Entrepreneurs need to learn to focus more on the business-the people involved in it and the phases it normally undergoes. Knowledge on these can save small businesses from experiencing entrepreneurial seizure-a stage wherein an entrepreneur goes through feeling of exhilaration, exhaustion, and despair.
Small businesses basically consist of three main characters namely: the technician (the doer and builder), the manager (the planner), and the entrepreneur (the dreamer, visionary). Moreover, small businesses have different life phases. These are: infancy (the technician's phase); adolescence (getting some help phase); beyond the comfort zone; and, maturity and the entrepreneurial perspective.
The Turn-key Revolution
As implied by the term itself, Turn-key Revolution speaks of the distinct transformations on the way businesses are managed and should be managed. One very prominent example is the introduction of McDonalds the idea of business format franchise to the business world.
The business format franchise has set dramatic turn around on the future of small businesses. Here, the franchisor entitles the franchisee to owning rights to his entire business system. This format is anchored on the belief that the real product of a business is its sales technique rather than what it sells.
The Business Development Process
The business development process is the response to the unending dynamism of the business world. It equips the entrepreneur with the necessary tools to preempt the continuous changes happening around. The process is comprised of three elemental stages: innovation, quantification and orchestration.
The business development program requires the following aspects to be defined: Your Primary Aim. The owner's primary aim should center on what he really wishes, needs and wants for his life. Defining this will push the owner to pursue his defined entrepreneurial dreams.
Your Strategic Objectives.
This contains standards that help the owner achieve his goals for his business. This should answer the question: What purpose will this serve my primary aim?
Your Organizational Strategy.
Business owners should learn how to appreciate the value of organizational structures. Some points to consider are organizing around personalities, organizing your company, and position contract.
Your Management Strategy.
As the owner you should recognize the truth that the successful implementation of a management strategy is not dependent on the people who could implement it but on the system instead.
Your People Strategy.
This refers to the approach you take towards your people and their work. To make people appreciate the work they do, you should make them understand the idea behind each of their task assignments.
Your Marketing Strategy.
Here is the stage where all attention suddenly shifts from owner to the customer. You set aside your personal goals first and start focusing on the customer's needs.
Your Systems Strategy. There are three kinds of systems in a business: the hard systems, the soft systems and the information systems. The hard systems refer to all those in your business that are inanimate and has no life. The soft systems refer to all those that could be living or inanimate. The information systems are everything else in the business that provides you with data relating to how the two earlier systems interact.
By: Regine P. Azurin and Yvette Pantilla
"A Lot Of Great Books....Too Little Time To Read"
BusinessSummaries.com (c) Copyright 2001- 2005, BusinessSummaries.com - Wisdom In A Nutshell
Regine Azurin is the President of BusinessSummaries.com, a company that provides business book summaries of the latest bestsellers for busy executives and entrepreneurs.
Book Excerpt: Give Me a Home Where the Dairy Cows Roam -- 5
May-Day!The school bus had long since disappeared over the last hill toward the main road one afternoon when I set my books on the kitchen table and hurried into the living room to talk to my mother.Mom was sitting in her favorite easy chair by the picture window, and her crutches were laid neatly on the floor next to the chair where she could reach them.
Book Review: Christmas in Dairyland
Author/Publisher Christmas in Dairyland by LeAnn R. Ralph Published by LeAnn R.
Alison's Journey: Book Review
"The dedication in this book is a work of poetry in itself. I had a distinct recollection of 'Sleeping with the Enemy' when reading this book, but this story has some very unique twists and turns.
Political Frugality - Review
It is hard to specify exactly what genre Larry Roth's new book can fall into. Political, frugal living, gay rights, taking care of the body and more are covered in Political Frugality - Guerrilla Economics for the Demonized, Devalued and Disenfranchised.
The Bible Code II: The Countdown, by Michael Drosnin
Sir Isaac Newton knew about the Bible code 300 hundred years ago when he described it as "a cryptogram set by the Almighty?.The riddle of the God-head, the riddle of past and future events divinely fore-ordained.
The Leadership Challenge - AchieveMax® Top Ten Book Review
The Leadership Challenge: The Most Trusted Source on Becoming a Better Leader by James M. Kouzes & Barry Z.
HIV-Muscles: This is the Title of a New Book about One Mans Battle with HIV
Today Lavaine is doing well and able to go about life in a manner which would never have been thought possible in 1986. This was the year which he was diagnosed as HIV+.
Star - Book Review
Tom Peters crafted a moving, educational animal adventure story in his novel Star. This is a dog-lover's fiction - written for a young adult audience.
Why They Launched Harry Potter At 12:01 Midnight
A missionary and his family were forced to camp outside on a hill. They had money with them and were fearful of an attack by roving thieves.
Marone Memoirs: An Immigrant Story - Review By Amanda Evans
Marone Memoirs - An immigrant Story by author Sarah E. Lingley is the story of her great grandparents Raffaele and Rosa Marone and their voyage to freedom in America.
Pariah - Book Review
"Pariah, written by multi-talented artist and author Timothy Goodwin, is a science fiction, fantasy novel that incorporates some very clear ideas to what is wrong with today's world. The characters are colorfully portrayed and the battles were very well written.
Book Excerpt: Give Me a Home Where the Dairy Cows Roam
When I reached the top of the driveway after getting off the school bus one April afternoon, I couldn't help but wonder why Dad was standing on the stepladder next to the tractor.I had never seen my father use a stepladder to fix a tractor.
Blues Clues for Success - AchieveMax® Top Ten Book Review
Blue's Clues for Success: The 8 Secrets Behind A Phenomenal Business by Diane TracyIn a previous book review, I warned readers not to judge a book by its cover. I feel compelled to once again issue that warning.
Book Summary: Networking For Professional Success
Book Summary:This article is based on the following book: Effective Networking for Professional Success: "How to Make the Most of Your Personal Contacts" by Rupert Hart, Stirling Books, 1997 ISBN 0 949 142 09 3 125 pagesWe are all "self-employed" now.Today there is absolutely no job security.
Book Summary: How To Work With Just About Anyone
"I just can't seem to get along with this person!"Every office has that one difficult person to work with, who affects productivity due to a terrible attitude, chronic tardiness, or simply drives everyone else up the wall. Here is the answer to common problems in conflict management.
The World is Flat - This Book by Thomas L Friedman has Taken the Online Entrepreneurs by Storm
The New York Times' columnist visits India often. I read about his new book The World is Flat in his interview with a leading Indian National newspaper.
Gilleland Poetry - Storoems and Poems - Review
"Retired professor of Microbiology, Harry Gilleland certainly has a variety of experiences and thought-provoking insights to share in his latest poetry book, Gilleland Poetry - Storoems and Poems. Harry's poetry has appeared at numerous establishments over the years and he has authored three books to date.
Book Review - Manners That Sell: Adding The Polish That Builds Profits
This beautifully laid out trade paperback has a gorgeous and practical design both inside and out. I recommend you read this book with a highlighter and a pen and be ready to take copious notes in the blank pages thoughtfully provided between chapters.
The New Art of War, Tactics, and Power
To rise and flourish in the world, you need to act according to how things really are, and you need to be a good strategist and manager. Most of the tactical information in the world lacks much practical value.
Why The Dems Can't Stand Tom Delay & Tim LaHaye
THE MORAL OF THE STORYLou Dubose and Jan Reid's new book, THE HAMMER, a biography on House of Representatives Majority Whip Tom DeLay, is allegedly a story of God, Money, and the Rise of the Republican Congress-and just how Tom DeLay took advantage of Newt Gingrich and fellow Texan Dick Armey's Republican ascendancy and became himself the most powerful man in the House of Representatives. We'll get into the "God part" a lot more than the money and political parts for now-but just to warn you, the King of Tyre (money) and the King of Babylon (political power) have a whole lot to do about this most interesting story.
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