You need to read the book “The E-Myth Revisited” by Michael Gerber. The “E” stands for “Entrepreneur.”
It’s a rock solid book – the core message – Systemize Your Business!
If someone walked through your door today and said “I am ready to open 5,000 ______________’s” (fill in the blank with your business name) – what would you say?
A lot of business owners would reply with – “Uh oh! We fly by the seat of our pants, we just “get it done,” it would be tough to duplicate what we do”….That’s the truthful answer, but it’s a bad answer.
To hammer this point home, why is it that 80% of regular small businesses fail within the first five years and only 20% of franchises fail in their first five years?
Because of the SYSTEM. Procedures are in place…the trial and error has been completed…there is a well documented and followed way of doing business.
The book does not say that you should go out and buy a franchise…it’s not like that at all. It states this simple, but extremely powerful theme – Systemize Your Business.
Give it a read – It’s mandatory reading for all my small business clients.
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