Reading Guide  /  Small Business

The E-Myth Revisited

Understanding the Small-Business Founder

The E-Myth Revisited

Michael E. Gerber

The VMT Review — Small Business library

This is one of the strongest introductory books for mentors working with owner-operated small businesses. Gerber explains why technically skilled people often create businesses that depend entirely upon their own labor. Its business-fable format can be repetitive, but its distinction among the entrepreneur, manager, and technician remains highly useful.

What the reader will learn

Mentors and founders learn to distinguish working in the business from working on the business. The book explains why a talented cook, electrician, consultant, therapist, accountant, contractor, or retailer may still struggle to build a sustainable enterprise. It introduces the need for systems, defined roles, repeatable processes, training, performance standards, and a business model that does not collapse whenever the owner steps away.

Also in: Founder