Monday, June 20, 2016

Journal Entry Lesson 9

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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