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How to develop your service business
Most of us don’t go through a single week without buying some type of service product. The increased prevalence of service industries over the last two decades has made this the fastest expanding sector of the economy. The service sector, as defined here, includes the major industry groupings of trade, finance, in...
How to increase your cash power
Cash = Opportunity
The vision-based business plan
The idea of a business plan is very comforting. It makes people feel safe and secure to know that there is a plan guiding business activities in the “right” way.
Turn frustrations into systems
Jayne’s business was eroding.
Why you should tear up your Org Chart
"I feel like I've bitten off more than I can chew, Larry."
Your innovation criteria checklist
The Merriam Webster dictionary defines innovation as "the introduction of something new; a new idea, method, or device." This is a fine definition for linguists, but we at E-Myth scoff at this definition, as it applies to business! Just because something is "new" doesn't mean that it's good for the company. Painti...
Marketing on a shoestring budget
You're a small business owner and, like most of your fellow entrepreneurs, you’re feeling squeezed from every side. The cost of doing business, being in business and getting more business just seems to be going up.
More sales isn't always the answer
"I need more sales." If I had a dime for every time I heard that from a client… Well, I’d probably have $20 by now. But seriously, the issue of sales (or lack thereof) comes up all the time; most often from clients who are just beginning the EMyth Coaching Program.
Moving up and out of a home office
Unfortunately, there's no great alarm that sounds when the time is right to leave your cozy, home-based business environment for a commercial building. It’s a decision that should be the result of a strategic plan, and not simply a reaction or the desire for a change. In this article, I’ll discuss some of the crit...
Are you doing everything you can to keep your customers?
"The purpose of business is to create and keep a customer."
All aboard: Your entrepreneurial vision in action
Your starting point: Developing a clear vision The starting point of designing, or redesigning, a business to be something exceptional, vital, and profitable in the marketplace is to develop a clear vision of what the business will look, feel, and act like. This includes developing brief descriptions of your uniqu...
Addressing key frustrations
The approach
Grow your business by differentiating your product or service
Grow your business by differentiating your product or service
The people problem
Have you ever found yourself cursing your employees? "Why can't they do it my way?! I tell them to do X, and they do Y. I tell them to do 50, and they only do 10."
Creating your training systems for employees
Training employees is one of the most important aspects of "building a business that works" (a phrase we use at EMyth to emphasize that a business that truly works is a systems-based, turn-key operation that works without you). Too often business leaders do not appreciate the value of employee training and neglect...
How to set up a franchise operation
We recently received a request from one of our readers to write about how to take the first steps toward becoming a franchise. I immediately thought of my friend Dino Dakuras, a restaurateur who has taken the EMyth principle of the Franchise Prototype to heart in the process of franchising his own business. Since ...