Like this article? PLEASE +1 it! Evan Signature
Evan Carmichael Top Header
Share for a Cause









The Genius At Work

Written by: Laura Posey

Article Overview: Ever wonder why 80% of businesses fail in the first five years? Many people would say it is because they are undercapitalized. Michael Gerber, the genius behind the best-selling “E-Myth” would argue otherwise. According to Michael all small businesses are failures and it is due to one, and only one thing.

Free Download - Is Your Job Title Holding You Back? By Laura Posey
Name: Email:

The Genius At Work

Ever wonder why 80% of businesses fail in the first five years? Many people would say it is because they are undercapitalized. Michael Gerber, the genius behind the best-selling “E-Myth” would argue otherwise.

According to Michael all small businesses are failures and it is due to one, and only one thing.

If you are a business owner and you haven’t read Michael Gerber’s classis The E-Myth, you owe it to yourself to do so right away. Michael is a master of entrepreneurship and makes a great case that small businesses are failures because they fail to employ proper systems that allow them grow into larger businesses. That is, they fail to replicate and automate their best processes, thereby dooming themselves to being limited by the labor of the owner.

His basic premise is that most businesses are started by technicians, that is, people who are good at doing the work, and not by entrepreneurs, people who are good at building businesses. If you read the “The E-Myth,” you’ll discover how to transition from technician to entrepreneur and escape the trap of so many tired, demoralized business owners who are working too hard and making too little.

If you have already read “The E-Myth” you’ll be delighted to hear that Michael has written a new book, “Dream.” I had an opportunity recently to meet Michael at a conference and hear about his new work with extraordinary entrepreneurs. Check out his new book and let me know what you think!

Related Articles
  Are You in the Right Business? How to Discover the Business You Were Meant to Do
  Are You Maximizing Your Genius?
  Smart Women Step Into Their Gift
  The Intuitive Genius of Your Being
  The Genius Licence

Home > Sales > Laura Posey > The Genius At Work
Article Tags: marketing, motivation, sales, sales tips, small business

About the Author: Laura Posey
RSS for Laura's articles - Visit Laura's website

Laura Posey (laura@dancingelephants.net) brings much passion to her work as Vice President and Co-Founder of Dancing Elephants Achievement Group. She is a "firecracker" who likes to create and get things done. Over the years, she has received numerous awards and recognition for her sales and management contributions to different organizations. Laura's expertise in sales led her to start four successful businesses. She now translates that sales know-how into a language entrepreneurs can understand and implement. She helps them sell more themselves as well as build sales teams that work. Laura is the co-author of Six Secrets of Sales Magnets. In this book, she discloses the differences between average, good, and great salespeople and shows readers how to become part of the top 5% in their field. 


Click here to visit Laura's website Dashed Line

More from Laura Posey
Grandmas Lesson
Is The Economy Good Or Bad
The Five Whys
Three Phrases That Make or Break Your Sales And Your Success
What Can I Do


Related Forum Posts
Re: Five Personality Traits of Successful Business Owners Re: Five Personality Traits of Successful Business Owners - 1. Focus 2. Ability to Adapt 3. Hard Work 4. Good planning 5. People Skills
Re: Books for the Entrepreneur Re: Books for the Entrepreneur - Another great book for internet entrepreneurs is The Four Hour Work Week by Timothy Ferris MichelleJ
Try wikipedia.com for more information Try wikipedia.com for more information - That depends what type of business you are involved in. Maybe if you share that, we can help you a little better. I work mostly in the Work at Home industry so my advice would only be along those lines.
Re: Vera Wang Profile Re: Vera Wang Profile - I too love this kind of success story Evan, I especially liked the article 'Nothing Replaces Hard Work', I can relate to a lot of things in there, take care Carol
Re: About: product production! Re: About: product production! - Kevin, When was the last time you were in a fight? Copying artwork is a crime. If you copyright or register a trademark for your work your case will be a slam dunk. Don't be afraid to go toe to toe with a thief. I have been amazed at how fast people will back off when they realize they are dealing with someone that understands their rights. True the patent office is nothing more than a place of registry and does not enforce the law. Times and attitudes change I recommend you watch "Flash of Genius" Fifty years ago if you said America will have a black President people would have laughed you out of the room


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.



Featured Article


Bottom Footer
Share for a Cause












Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Name:
Email:
Popular Articles

A New Year in the Pharmaceutical Industry

Bootstrapping Your Start Up Business.

Fear Factors in Small Business: Sales & Marketing
Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.