The E-Myth Revisited – Why Most Small Businesses Don’t Work and What To Do About It By Michael E Gerber

i read this book halfway a year ago when I was facing some dilemma trading on eBay.

I was practically exhausted. Yes, you can tell me, at least you are generating an income from home.

Oh, very nice. I don’t want to appear like i’m complaining, but there are some things that appear somewhere in time in your business, that you either make a decision to keep it or break it.

And so i made that drastic decision.

This book described exactly what i was facing and feeling. Let me repeat – EXACTLY. Yes, exactly the way i felt. And then only did i realize that i’m not alone. AND most importantly it’s normal to feel that way when you’ve reach that point in your business – where the business becomes a nightmare, you get depress and you dread when you see sales.

And like Micheal Gerber mentioned, the business end up in chaos – it has turned into a monster – unmanageable, unpredictable and unrewarding.

Let me quote you some scary statistics from the book.

Every year a million people in the United States start a business of some sort. Statistics tell us that by the end of the first year at least 40% of them will be out of business.

Within 5 years, more than 80% of them – 800,000 – will have failed.

And the rest of the bad news is, if you own a small business that has managed to survive for 5 years or more, don’t breathe a sigh of relief. Because more than 80% of the small business that survive the first 5 years fail in the second five.

So, why is this happening? Why do people go into the business only to fail? Is there something that they haven’t learnt?

Well, I’ve failed this one.  And i learnt a great deal. And it’s time to apply what i’ve learnt and went through in a new venture.

If you are owning a small business or if you are thinking to start one, get a copy of this book. You will not regret. This is not a new book, this book was published 15 years ago. But the value in it is worth gold.