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Leadership

Every company is a reflection of its leader. What does yours say about you?

Leadership

3 min read

Innovation, quantification, orchestration: Part 1 of 3: Innovation

Why do some companies grow and thrive, while others wither and die? What do successful companies know that others don't? At EMyth, we believe that one key to succeeding in business is through analyzing and improving business development systems. According to Michael Gerber, business development occurs through a cy...

EMyth Team - EMyth

EMyth Team

Leadership

4 min read

Imitation: Flattery or theft?

The other day I had a lengthy conversation with a client named Tom. He expressed a very real fear that I've heard often in the small business community. Tom was concerned that if he took the time to invest in creating systems, and taught others to do what he does, that he would only be creating competition for him...

EMyth Team - EMyth

EMyth Team

Leadership

3 min read

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.

EMyth Team - EMyth

EMyth Team

Leadership

4 min read

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. Pain...

EMyth Team - EMyth

EMyth Team

Leadership

4 min read

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...

EMyth Team - EMyth

EMyth Team

Leadership

2 min read

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...

EMyth Team - EMyth

EMyth Team

Leadership

1 min read

The small business cycle

At each stage of business development, you'll face unique challenges. As a startup, you might be struggling with time management issues because, let's face it, you're probably still doing most of the work yourself. You might be at the stage when you realize that you need help managing all of the business you're ge...

EMyth Team - EMyth

EMyth Team

Leadership

4 min read

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 ...

EMyth Team - EMyth

EMyth Team

Leadership

3 min read

Strategic work made simple

Have you ever played that game where you repeat a particular word over, and over, and over until suddenly, it just doesn’t sound right anymore? At a certain point, it stops making sense. The phenomenon is called semantic satiation and it happens in business all the time! We have a tendency to overuse terms until, ...

EMyth Team - EMyth

EMyth Team

An hour a day keeps the chaos at bay

I read a statistic the other day that said on an average day, you will be interrupted every eight minutes. Every eight minutes your attention will be taken away from what you’re supposed to be doing, and directed toward something else. Every eight minutes you’ll lose focus. You’ll shift gears. You’ll have to start...

EMyth Team - EMyth

EMyth Team

Family business succession planning

A family business is any business in which a majority of the ownership or control lies within a single family and there are two or more family members directly involved. We've also heard it summed up in one word: complicated.

EMyth Team - EMyth

EMyth Team

How to transition from freelancer to business owner

In 2009, almost 560,000 new businesses were started every month. Interestingly, however, a large number of these were classified as “non-employer” businesses – in other words, sole operators with no employees. Many consider these individuals to be freelancers as opposed to “business owners” although the distinctio...

EMyth Team - EMyth

EMyth Team

Leadership

4 min read

Revisiting the EMyth

One of my clients, a veterinarian, recently questioned me about an article he’d found on the Internet written by a business coach (not affiliated with EMyth in any way). This article implied that the EMyth perspective mandates that the Technicians of the world: the plumbers, the doctors, the contractors, the desig...

EMyth Team - EMyth

EMyth Team

Leadership

4 min read

The definition of success

If one advances confidently in the direction of his dreams, and endeavors to live the life which he has imagined, he will meet with a success unexpected in common hours. —Henry David Thoreau What defines “success” for an entrepreneur? Success means different things to different people. There's no clear cut, univer...

EMyth Team - EMyth

EMyth Team