Literally, mind blown during each and every chapter. Also, I've been pro-free markets... but could never rationalize properly why it is a better system. Thomas Sowell is great at doing this.
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Take McDonald's for example. They sell burgers. Anyone can sell a burger. It's a piece of bread, meat and some veggies. And in fact, many would argue that McDonald's sell sh*tty burgers.
Thanks for the explanation! I agree with all these "systems" and "processes" and they should be an essential part of the business. However, the reason why most small businesses fail (which is what the book is supposed to address), I feel, might be because the market has no Need for them in the first place? I think this is the most important point not covered in the book.
But then again, I guess MJ already address that in his books.
The one thing I like about the E-Myth book is the concept of the 3 personalities : The Entrepreneur, The Manager and The Technician.
Same here. I like finding things I missed the first and second time listening to it. I feel like I will still have uh-ha moments even after listening to the book for the 10th time.
However, the reason why most small businesses fail (which is what the book is supposed to address), I feel, might be because the market has no Need for them in the first place? I think this is the most important point not covered in the book.
You're right. However I think the author could be mainly addressing businesses that are surviving, but where the owners have just started another job for themselves. AKA the thousandaire fastlane. Restaurants, that girl whose life purpose was to bake pies (lol), hotel owners and more.
Essentially the slowlane entrepreneurs. And doing the e-myth thing alone will definitely not make them survive or achieve fastlane success. As you're saying, enough people will obviously have to be willing to pay for your stuff. Doing all this stuff without a product people want is like placing a pie plate in the owen -- without putting pie dough and filling in it!
But if you look at it from a fastlaner's perspective, what he's teaching could at least let you take your already growing/successful business and spend less time and money on it.
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It's OK, if a little dated. I think the second edition has more stuff on Tensorflow so it's more current, but books always tend to be behind.
Really with all the free info out there, you can learn enough just by doing some toy projects. The stuff you can't learn by doing that, isn't really in the book.
Just Finished: "Secrets of the Millionaire Mind"
Currently reading: "The One Thing" & "Cashvertising"
Cashvertising is GOLD but it has taken a while to read because I want to take diligent notes on nearly every page.
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Can you share a key takeaway you've gotten so far? I've saw this book a couple times before but never got around to reading it.
I do have a system for reading. You can start here to create your own.
For obstacles, I used to have two: (1) forcing myself to finish books I started and (2) forcing myself to read books cover to cover in order.
I struggled with those 2 for a long time.
Now, I jump around, skip pages, read chapters I am interested in first... There are few books that needs to be read cover to cover.
As for time, I read when I can. I don't set time or page goals.
If you have a specific obstacle you are trying to overcome, let me know.
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That mindset book is a great one. I had read it before unscripted, when MJ mentioned the Growth Mindset I was thrilled to know more people will hear about it. I was definitely fixed mindset, and scared to try anything new incase I was initially bad at it - branding myself as useless in that domain. A great read!
I'm developing my daily habits because I am nowhere near what successful people do. I think waking early and having a routine is very important.
I'm also listening to a lot of Jim Rohn and Tony Robbins right now.
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I just finished the book about Elon Musk today.
I must say its a very interesting book, I can recommend for everyone who is/want to be an entrepreneur.
It made me feel like changing the world rather than just being financially free, I think it cursed me.
Blue ocean is essential if you're trying to come up with new ideas.
Just finished "The Box: How the Shipping Container Made the World Smaller and the World Economy Bigger".
Fascinating book for import nerds.
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What about people who are night owls?
Is there a book about the Flying Hildemans?
Wake up an hour earlier. I used to be a night owl I think it's a bad habit if you have a day job/business.