Discover why small businesses fail, and how you can build a successful, deeply rewarding business.
In the United States, 80% of businesses fail within the first 5 years, and 80% of the survivors fail in the next 5 years. This book explains why small businesses fail, and how to overcome common mistakes in business, so you can build a successful business that not only works, but is also deeply rewarding for you and your stakeholders.
Here are some powerful takeaways you can expect from the book:
• Discover that “true-blue entrepreneurs” are a myth. Most businesses are started by people who used to work for other people, and you need to manage the 3 personalities that are concurrently in you – the “Entrepreneur”, the “Manager” and the “Technician”;
• Learn how to build a small business that works using the “business format franchise”, and to duplicate it consistently, so you’re are working on and not in your business;
• Find out the 6 rules for a successful, duplicable business; and
• Learn the 7 step process to develop a successful business that’s aligned with your life goals.
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Who should read this:
• Entrepreneurs and aspiring entrepreneurs
• Business Owners/ SME CEOs
Some Questions addressed:
• Why do most businesses fail?
• What’s the role of an entrepreneur?
• How can I grow my business systematically?
• How to build a business that’s an extension of who I am?
• How can I free myself from my business?
• How can I automate my business?
• How can I duplicate my business?
• What do I do next for my business?
• Who should I hire for my team?
Key words/concepts covered: Turnkey revolution, Franchise Prototype, Business Format Franchise, Business Development, Business Automation, Business Strategy, Startup, Business Growth, Entrepreneurship, Michael Gerber, Personal Potential, The Emyth Revisited
Cory Stumpf (verified owner) –
Good summary. Easy applicable steps to follow.