I was reading The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It – and while I can’t say I took away any life-changing epiphanies, I certainly got to ‘revisit’ all the mistakes I’ve made. Or a lot of them.
But it’s not clear what ‘small’ really is, anyhow. D&B considers small up to $200 million in revenue. Others consider it 10 people. Or you can think about size the way a study I read about 10 years ago correlated income with your schooling; it turned out that graduates’ income correlated not to their alma mater, but to the highest-ranked school to which they applied. Which means ambition trumps class, any day. I agree.
As for mistakes, here are the ugly things I saw in the mirror of a book that’s 15 years old. It’s a big mirror, which means a lot of us can see the same reflection.
I’m still making mistakes, of course. Hopefully different ones.