We are going to embark upon a journey through the world of e-myths and debunk them to help you avoid falling into the e-myth trap. Are you a business owner and want to share your story? Get in touch.
First, let’s take a minute to talk about what an e-myth is. An entrepreneurial myth, or e-myth, is an assumption that anyone can succeed at business.
What do you need to start a business
· Desire
· Some capital
· Projected a targeted profit
This sounds great, but it just not realistic. Think of starting a business as a marathon. Sure, everyone starts out of the gate at record pace, but after a few miles people start slowing and some drop out entirely. Building a successful business takes stamina and agility.
The reality is that there are many different facets to a successful business and none of them can be ignored if you plan to find success.
Let’s take a minute to talk about entrepreneurial seizure. This defines the roller coaster of emotions that comes with starting, nurturing and the potential failure of a business.
The emotions that occur, in order, are:
· Exhilaration
· Exhaustion
· Despair
· Sense of self-loss
This is usually cause by the e-myths and assumptions we talked about. You can get your hopes so high on instant success that even the smallest lag and you are sent into an emotional tailspin. This is also brought on by the stark realization that you can’t do it all and will need help in the areas where you don’t have the knowledge. Now, faced with limited choices you may feel like you need to back out and hide, but don’t do this.
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Click here to download our free eBook, be proactive and avoid the roller coaster.
I believe anyone can succeed in business with the right attitude and a commitment to hard work. To be successful in business, you must have good knowledge of the industry or sector you are entering as well as excellent communication skills. This will come handy during sales and an eye for detail to give your customers what they need. You must also possess strong problem-solving abilities in order to handle any unexpected issues that may arise.
You also need to be willing to dedicate time and effort to learning the skills necessary for you to become successful in business. This means that you should always strive to improve your knowledge of the industry, keep up with current trends, and stay ahead of your competition. You must also be open-minded and prepared to take risks when necessary.
Finally, having a strong network of supportive people in the business world can be beneficial to your success. These contacts may include mentors to help minimise the mistakes, colleagues, and other professionals who can provide words of encouragement and offer advice when necessary. Additionally, stay focused on your long-term goal and make sure that you are doing everything possible to reach it.
