As an EMyth entrepreneur, I find myself increasingly prepared to face the challenges of managing a law firm (and myself) through a recession and dramatic industry changes. Like all business owners, I have big dreams for my business.
Raphael Neff built his business out of pure passion for the product, which led to its early and consistent success. But after years of running an unsystematic business, Raphael knew there must be a better, less frustrating way. He partnered with an EMyth Coach and set out to systematize his business and change the...
I was beginning to grow my business and I knew to make it out 'alive' I was going to need a better grip on what we were doing and where this would all lead. The concerns that I remember voicing to my coach were that I was working too many hours and not really seeing any financial reward. I had no way of knowing wh...
I read an article in a remodeling industry magazine called “Letting Go.” It was about the process of developing a business that worked without you. I immediately felt like that’s what was missing from my business. I realized that I’d developed a business that was completely about me. I was central to every signifi...
In today's episode of the EMyth Insight Podcast, we discuss the relationship that most business owners have with money.
Strategic Work: One step at a time In the first part of this series, we talked about the important topic of Time Management and we provided some tips on how to organize your time so that you can begin the strategic thinking that is so vital to the success of your business.
Congratulations! You’ve hired a new employee.
In this tumultuous economy, reducing operating expenses has emerged as the number one objective for business owners everywhere. So what are operating expenses? Operating expenses (also known as operational costs, fixed expenses, and indirect costs) comprise the expenditures that a business incurs as a result of pe...
The idea that most owners struggle to embody the role of the Entrepreneur is a fallacy.
Making money is not the sole purpose of your business. It’s about creating something of value about which you are passionate and to which you are committed.
When was the last time you had an "aha moment" in your business? You know that moment I'm talking about. The one that comes along and knocks your socks off. It is that moment when inspiration strikes. When the puzzle pieces suddenly come together. When you realize an underlying truth that will change how you do bu...
Teresa owns a veterinarian practice. She’s been in business for nearly 30 years (about as long as EMyth!), and she still loves every minute of it. Lately however, business has been slow so Teresa reached out to a local marketing consultant for some help.
As an entrepreneur, you've braved uncertainty to create something you value.
Every business owner goes through periods of doubt and uncertainty. It doesn't matter how well or how poorly the business is performing; sooner or later you will find yourself asking the question: Is all this work really worth it?
You’ve heard the phrase “work on your business, not in it,” but do you know what it means for you and how to go about it? Working in it means doing the work of your business, which is probably the work you know best. Working on it means creating a business that serves your life, a business that works whether you’r...
Look at one of the big car company websites or magazine ads.
How do you decide what to charge for your product or service? The specifics will be different for every business, but it comes down to one thing: VALUE. If your customers can see the value of buying your product or service, they'll happily pay the price. If they don't see that value, it makes little difference how...