by Ian Almasi

March 11, 2021

The E-Myth and Lessons from a Psychologist

If you haven’t read one of the best-selling business books called “The E-Myth: Why Most Businesses Don’t Work and What to Do About It,” then there’s no better time than now to get familiarized with it. To know more about this, let’s define what The E-Myth is first.

What exactly is The E-Myth? 

The E-Myth, also known as “Entrepreneurial Myth”, is the belief that most businesses are started by people with tangible business skills, when in fact most are started by “technicians” who know nothing about running a business, as detailed by Forbes. Basically, it’s a myth that people who start business are entrepreneurs. 

What is the book about? 

This classic dispels myths about starting a business. One of the most important facets of the book is the part where it talks about a business owner’s three major roles: the entrepreneur, the technician, and the manager. The entrepreneur is the dreamer and the visionary, the technician is the doer, and the manager makes sure that the business properly runs and that everything is going smoothly. 

Yes, business owners wear many hats and ironically, being solely an entrepreneur doesn’t make you, well, an entrepreneur. You have to take on many roles too. 

Lessons from a psychologist 

Aside from taking into consideration the business lessons you’ll get from this book, it’s also important to note some of these tips: When you’re thinking of how you’re structuring your business, especially in a law firm, you need to do the actual work. And of course, delegate. Though it may be true that a business owner wears many hats, you should also know when to delegate. You’re probably asking what type of work you can pass on, right? Start with the manageable tasks first. 

You can also let a system do it for you. Invest in software that would make your process easier and more efficient. Better yet, outsource a company to do these for you! It’s a win-win situation for everybody.

Here’s the last lesson for all business owners and aspiring business owners: Always remember that wearing many hats is different from micromanaging. 

Amazon link here.

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