This week I
finished reading the E-Myth revisited and it blew my mind. It taught me about
the kind of vision I need to have when starting and running a business. I need
to think about the kind of company I want to have, and create the systems that
will allow it to work without me. In other words, I need to build a business,
not a job.
I also
learned about how I need to find the best people for my business, which at
first seemed contrary to what I learned in the E-Myth, but after reflecting on
it for a while I realized that both approaches are compatible and
complementary. Even when I hire the best people, I still need to provide
guidance, limits, and systems for them to work in.
As I
reflected on these principles I learned, I realized how different my last
business venture (my car in Uber) could have been, and what I will do in the
future. It has also given me some correction for my $100 project that I have
been trying to implement. This week it has been more difficult to find time to
work on my project, so I have been focusing on the less time-consuming and more
effective strategies. I have also been finding a lot of ideas of other things
to sell that won’t take me a lot of time and resources.
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