Ebook The E-Myth Contractor: Why Most Contractors' Businesses Don't Work and What to Do About It, by Michael E. Gerber
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The E-Myth Contractor: Why Most Contractors' Businesses Don't Work and What to Do About It, by Michael E. Gerber
Ebook The E-Myth Contractor: Why Most Contractors' Businesses Don't Work and What to Do About It, by Michael E. Gerber
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With The E-Myth Contractor, Michael E. Gerber launches a series of books that apply the E-Myth to specific types of small businesses. The first is aimed at contractors.
This book reveals a radical new mind-set that will free contractors from the tyranny of an unprofitable, unproductive routine. With specific tips on topics as crucial as planning, money and personnel management, The E-Myth Contractor teaches readers how to:
- Implement the ingenious turnkey system of management—a means of creating a business prototype that reflects the business owner's unique set of talents and replicating and distributing them among employees and customers.
- Recognise and manage the four forms of money—income, profit, flow and equity.
- Harness the power of change to expand the company.
The book also provides help on a larger level, leading readers towards becoming business visionaries by relinquishing tactical work and embracing strategic work, by letting go to gain control. Once put into action, Gerber's revolutionary ideas promise not only to help contractors build successful businesses, but successful lives as well.
- Sales Rank: #1018296 in Books
- Published on: 2002-02-19
- Released on: 2002-02-19
- Original language: English
- Number of items: 1
- Dimensions: 8.25" h x .65" w x 5.50" l,
- Binding: Hardcover
- 144 pages
Amazon.com Review
Despite the single letter at the heart of its hyphenated title, The E-Myth Contractor isn't another book about e-commerce. Instead, like previous entries in Michael E. Gerber's popular series, it focuses on a different e-word--entrepreneur--and the fact that most of us who go into business for ourselves are doomed to fail because we really don't understand business. This time, Gerber lays out the basics for starry-eyed newly self-employed contractors who know everything about their trade but precious little about being a boss. "I don't try to tell you how to do the work you do," he writes at the outset. "Rather, I share with you some profound insights into how great businesspeople think." In his easy-to-understand manner, Gerber explains the concept of Strategic Thinking and how it "will enable you to create a business that works apart from you instead of because of you." He addresses key topics like money, people, management and growth with an eye toward making related functions run seamlessly and effectively as we build our independent enterprises into true companies that have inherent value whether we stay involved or ultimately hand them off to eager buyers. Taken to heart, it could save more than a few worthy ventures as well as the people behind them. --Howard Rothman
From Publishers Weekly
In a work that is slight in both size and content, consultant Gerber (The E-Myth; The E-Myth Revisited) makes one compelling point: entrepreneurs (the "E" in his title) need to draw a clear distinction between the work they do and the business they have created and are in charge of. If they don't, all they will have is a job and not a company. As Gerber correctly puts it, "The value of your equity is directly proportional to how well your business works. And how well your business works is directly proportional to the effectiveness of the systems you have put into place." Had he then talked specifically about how readers can create and implement those systems how to hire, price, subcontract and the like his book could have been an extremely valuable tool. Instead, he gives contractors of all sizes general advice concerning the need to create turnkey systems and manage their time with few real suggestions about how to do it. The overall tone is supportive of entrepreneur contractors, and the book may be of some help to contractors just starting out.
Copyright 2001 Cahners Business Information, Inc.
From Booklist
Gerber, who developed the E-myth principles for small businesses, now applies them to contractors. Using what he calls Strategic Thinking (or Systems Thinking), he counsels contractors to consider the broad scope of business and focus on strategic rather than tactical efforts, emphasizing the importance of thinking properly. Readers are advised to take action by creating an idealized version of the business and what it takes to become a preeminent contractor and then organize the business to bring that vision into reality. Steps for doing this include identifying the key functions of the business, the essential processes that link those functions, and the results projected for the business, and then clearly stating in writing how each phase will work. This small book contains a wealth of good ideas and information, and although it is clearly an infomercial for Gerber's consulting activities, it is also an excellent road map for entrepreneurial contractors. Mary Whaley
Copyright � American Library Association. All rights reserved
Most helpful customer reviews
5 of 6 people found the following review helpful.
Incredibly basic...if you don't know this stuff you really shouldn't own a business
By Andrew P. Walker
Read the following statement, feel enlightened, and DON'T buy this book. "To be a successful contractor you must find reliable employees to do "your" work, and provide them fail-safe systems to carry out procedures that create equity for your business."
Now please give me $16.
...or waste your money on this book.
The author prefaces the idea that as a contractor you probably don't know how to run a business.
This book is really directed at those who have no business "common sense". In which case, a "little book" like this probably won't do you much good. If you don't know what "equity" is, you probably shouldn't own a business. If you don't understand that in order to run a successful business you need to find employees who will do the work for you, you probably shouldn't own a business. If you don't understand that you need to establish systems in your business that everyone can follow so things run smoothly, you shouldn't own a business.
The author of this book has no experience in contracting, and actually tries to compare what you do to business's like McDonald's and Frank Sinatra.
Don't assume this book will provide any insight into how to install any of the aforementioned factors for a successful business. It merely states that they exist, and you need to figure them out...Good Luck! LOL
1 of 1 people found the following review helpful.
Great book just needs a bit of up-dating
By Clint Aust Centre
Like many of the E-myth series the basic premise is that business owners don't really understand all the intricacies of running a small business. Most people are responding to technical skills coupled with an entrepreneurial spasm and launch themselves into their new endeavour and then wonder why they struggle. The E-myth for contractors delves into reasons that many contractors get caught in the 'working harder and enjoying their business less' syndrome. The book is concise and well written and defines the issues well, but it doesn't put as much effort into the solution as it does the problem. Perhaps the better book for presenting a solution is E-Myth Mastery, which is comprehensive and built in a step by step fashion. So give this book a quick read and get inspired and then give mastery a try to build a stronger business.
0 of 0 people found the following review helpful.
This book is a must read for any contractor!
By Andrew Hamilton
I liked the fact the Michael used concrete examples of what he wrote about. He clearly demonstrated that he understands the problems contractors face and create for themselves.
There wasn't much I didn't like.
I would recommend this book to any contractors, just starting out or struggling for years.
I choose the rating of five Stars because there wasn't a six star rating available.
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