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Michael Gerber Tagged Articles



Delegation, the Key to Small Business Growth
In his bestselling book, "The E-Myth Revisited," Michael Gerber suggests that you prepare an organizational chart for your business right from the get-go, complete with descriptions for each job you currently perform. This may seem unnecessary (after all, you know what you have to do!) but it will help you prepare for the time when you need to start delegating to employees or outside services. Having formal job descriptions in place will not only allow you to identify the work you can delegate as your business grows, but make the transition less disruptive and stressful.
3 most important activities
What are the 3 most important activities that an entrepreneur needs to engage in on a regular basis to become successful.
How To Create An Advisory Board
“How do I go about creating an advisory board for my business?”
I can’t help but wonder if I were born in any other time…
…how different my life would be today. If you were to ask the very same question, I am sure you would discover some remarkably interesting answers.
A False Assumption Made by Too Many Aspiring Entrepreneurs
In his best selling book, The E-Myth Revisited, Michael Gerber said that most people fall victim to the most disastrous assumption anyone can make about going into business. He calls it 'The Fatal Assumption'. That Fatal Assumption is: if you understand the technical work of a business, you understand a business that does that technical work. In other words, don't assume that if you know how to bake pies (technical work of a business), it means you know how to successfully run a business that sells pies (business that does that technical work).
Be the CEO of Your Life and Your Business!
Learn how to be a leader and take control...
Network Your Way to Powerhouse Results!
Most people would probably agree that building and effectively utilizing a strong professional network to create success is simply not an option. Yet when it comes right down to it, many people avoid networking like the plague.

7 Ways to Rev' Up Your Business
How to Turn Straw into Gold
Why Outsourcing Your Accounts Department Is A Really Good Idea!
Having an independent bookkeeper for any/all businesses has many advantages, not least the fact that the Tax Office approve wholeheartedly with the idea. Why is that??……. Well, the fact that a business owner is not doing his/her own books removes a lot of doubts about the reliability of the records. There have been many proven cases where manipulation of the records can, and has been, done by the owner. Having a different person involved doesn’t remove the general thought that things might not be as they seem, but it certainly helps a great deal.
The Art of Recreating Yourself
Whatever business each of us finds ourselves operating everyday, we got there for one reason or another. It can be a business we truly have a passion for, or in some cases one we thought we would, turning out that we didn’t. Or perhaps there are aspects of the business where our passion lies and other parts that we avoid creating a big disconnect for us in the entire business.

So You Want To Be an Independent Consultant - Key Issues for New Gray-Hair Consultants
As the baby-boomer generation begins to retire in larger and larger numbers, it is increasingly the case they will seek non-traditional retirement by establishing new careers in their own businesses. One of the frequently chosen businesses is independent consulting. The key issues these new consultants face and some approaches to resolving them are the topics of this paper.
Your Internal Board of Directors ... Part III: What Part of You is Running Your Business?
For business success, we need the insights of an entrepreneur, the skill of the technician, and the implementation ability of the manager.

Your Internal Board of Directors ... Part I: Who's In Charge?
Have you noticed? When it comes to running your business, you have a lot of different voices in your head. You have the voice that tells you to work on your business plan, and the voice that tells you that you need to answer that email. You have the voice that encourages you to write an article to promote your business, and the voice that tells you it would never get published. You have the voice that wants you to hire an assistant, and the voice that says it’s easier to do everything yourself. With all the chatter going on in our heads, it is actually amazing that anything gets done!

Eleven Ways to Generate Leverage from Your Business
Too many businesses – even fairly large ones -- are more like mom and pop entities that take too much time to run, barely make a profit after factoring in the owners’ time, and aren’t worth much on sale. Business owners need to develop sources of leverage so that their business runs without them. That way, work becomes more enjoyable and the business becomes more valuable. This article describes eleven ways that business owners can generate leverage in their business.
How to Get the Best from Outsourcing
To maximise profits, it has become fashionable to place some of your support requirements with 'experts', to allow you to focus on core activities. Especially for small businesses this can work well, but with larger organisations, unless you get it just right, it can be a lot more trouble than it's worth - and cost you a lot more.
How A Business Coach Can Help Entrepreneurs According To Your Strategic Thinking Business Coach
In the United States there are over 250,000 new small businesses started each year. Entrepreneurs start many of these businesses. Many entrepreneurs and small business owners are highly skilled, very intelligent and highly motivated. They love a challenge and are willing to take risks. In my business coaching practice I have also found that the majority of the entrepreneurs that are clients have had no formal business education. In other words, they typically have had no training in running a business. And so, they start their businesses and things start to go in the wrong direction. It is not uncommon for them to experience many problems and challenges, which provide the opportunities for assistance from business coaching. Your Strategic Thinking Business Coach shares how entrepreneurs can be helped by business coaching.
A Strategic Look At Why You Should Develop A Business Exit Strategy Now!
Do you have an exit strategy for your business? I ask many prospective clients that question and find that too many do not have an exit strategy or plan; others have one that is not adequately funded or has no risk management built into the plan; or they have thought about it but never did anything about it. Michael Gerber, in his E-Myth books tells us that we create a business to sell it> Otherwise, we own a job not a business. So, I would say that whenever you create a business or something else that's interesting and useful, you create something that's worth selling. And subsequently, when you're thinking of selling a business, which is very important to you and your future well being, then it's critical to have a well-developed plan firmly in place. I have found that all strategic exit plans should identify the following:

Why Use a Business Coach for Business Development?
As business owners and managers we find ourselves thrust into our position through what is commonly referred to as “Promotion into Incompetence”. We move up through the ranks or start our own businesses based on our technical skills. Little consideration is given to the actual (non technical) skills and mindset required to manage people and run a business effectively.

Do You Have A Vision For Your Business?
“A business without a vision is directionless. It lacks purpose” writes Michael Gerber in his latest book E-Myth Mastery. You cannot plan the future of your business if you don’t have a vision. It is the starting point of any business growth plan.
Do You Have A Vision For Your Business?
“A business without a vision is directionless. It lacks purpose” writes Michael Gerber in his latest book E-Myth Mastery. You cannot plan the future of your business if you don’t have a vision. It is the starting point of any business growth plan.
How To Recognize Your Ideal Client, Tips From Your Strategic Thinking Business Coach
Do you know how to recognize your ideal client? Do you have know the characteristics of your ideal client? Have you selected criteria to decide whether you will do business with someone or not? The honest answer to these questions from too many of you will be NO! And the sad truth of this is that too many businesses try to be all things to all people and believe that anyone that breathes or has a credit card is a prospect. This approach is definitely not strategic. I suggest a more strategic approach. Define your ideal client. One of my favorite mentors – Michael Gerber, who says, "The foundation of your marketing strategy is an insightful understanding of your customers. It's a "three-legged stool" - who they are, where they are and how they think and behave;" Here are some questions to ask to define your ideal client.

Motivational and Inspirational Quotes That Guide Your Strategic Thinking Business Coach on Visions and Dreams
Owning and being in business can be a tremendous joy and an enormous amount of work. There are times when one can become overwhelmed with the day-to-day activities and lose sight of the big picture, the dream, and the vision. One always needs to be strategically focused on the vision, the mission and the goals of the business and be reminded to work “on the business” and not just “in the business” as Michael Gerber would tell us. But how does one do that? I love quotations and recently found a dozen quotes that I have used to help motivate and inspire me to keep focusing on the vision and the dream. Here are the dozen quotes that help guide your strategic thinking business coach.

Momentum and Branding
Here’s my secret formula for building the momentum that every business desperately needs to achieve results.
Clutter
This strategic approach works in any size business and cuts advertising clutter to shreds, resulting in increased margins and staff retention, reduced customer attrition, radically decreased cost of sales and risk and exponential growth.
Joint Venture Success Depends on Analysis
Joint Ventures are the most effective business tool available. Here are a few questions we should ask ourselves to measure whether or not to accept or continue with a Joint Venture.

Other Michael Gerber Related Articles

Why Small Business Fail
Michael Gerber, author of the mega-best sellers "The E-Myth" and "The E-Myth Revisited," is one of the people I admire and respect and who has had a significant impact on me and my businesses. Although I have listened many times to Gerber's audio tape about the E-Myth, I always come away learning more. In addition, I have read a booklet by Michael Gerber entitled: "Why Most Small Businesses Fail and What You Can Do About It."

Positioning Your Franchisees for Success
According to Michael Gerber, author of The E-Myth Revisited, one million small businesses are started every year. Statistically, 40% of them will fail within the 1st year, escalating to an 80% fail rate within the first five years. Of those fortunate enough to have survived up to that point, 80% additional business will be closing their doors over the duration of the next five years.

Do You Have A Vision For Your Business?
“A business without a vision is directionless. It lacks purpose” writes Michael Gerber in his latest book E-Myth Mastery. You cannot plan the future of your business if you don’t have a vision. It is the starting point of any business growth plan.
Escaping the Entrepreneurial Seizure: Interview with Michael Gerber
Michael Gerber’s name should sound familiar. I recommend his bestseller, The E-Myth Revisited, as the must-read classic on automation. It brief, it discusses how to create scalable businesses that are based on rules and not outstanding employees; and how to become an owner instead of constant micromanager. Michael also had a enormous influence on me as a first-time writer. His words to me were simple during our first lunch:

What Does it Really Mean "Work on Your Business?"
How often have you heard people say "Work on your business, not just in your business?" Do you know what this means, why it's important, and are you doing it? If you're like most people, there's a good chance you are working on your business. But perhaps you are like I was, having only a general, but vague, understanding about what it means. I've heard people talk about it so much lately that I decided to pull out my copy of The E Myth Revisited by Michael E. Gerber and review the chapter on this topic. I'm glad I did. Reading it 2 years later I see things a lot differently.
Delegation, the Key to Small Business Growth
In his bestselling book, "The E-Myth Revisited," Michael Gerber suggests that you prepare an organizational chart for your business right from the get-go, complete with descriptions for each job you currently perform. This may seem unnecessary (after all, you know what you have to do!) but it will help you prepare for the time when you need to start delegating to employees or outside services. Having formal job descriptions in place will not only allow you to identify the work you can delegate as your business grows, but make the transition less disruptive and stressful.
Driving With The Handbrake On! The Texas Smoothie.
Entrepreneurs get trapped - one of those traps is what Michael Gerber calls "Doin' it, doin' it, doin' it!" where the tyranny of the urgent prevents us from doing the big-picture things that made us entreprpeneurs in the first place. Jerry from Texas found a unique and idiosyncratic path out of that trap.
Controlling Chaos During Expansion
Chaos, confusion and catastrophe are what Michael Gerber of Entrepreneur Magazine calls “The Three C’s of Business Failure.” It is not uncommon for a small business to be plagued with chaos. The best advice is to take control before chaos becomes habit. “Most small businesses are a hopeless mess,” Gerber says. Disorganization and confusion are irritating, but worst of all, they cost your business money. Chaos eats away at productivity and, ultimately, profits. How can you steer your business clear of chaos?
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.

Discovering the Entrepreneurial Spirit within you
Sharing of some profound insights on Entrepreneurship after a week end seminar with Michael Gerber.

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