Management Archives

5 Ways to Develop Leadership Skills: Tips and Advice

What makes a great leader? Can anyone develop leadership skills? Or is leadership more of an inherent personality trait? While there are certain personalities that have natural leadership acumen, anyone can develop leadership skills if they put their mind to it. Though not everyone will have a large impact like Nelson Mandela or Steve Jobs, you can still make a big difference in your place of work or community. Keep reading to learn how to develop leadership skills.

A Business Growth Plan: 3 Keys to Next-Level Success

Is your business up and running, but you wonder how to keep it going strong? Are you ready for a business growth plan to take your company to the next level? In The E-Myth Revisited, Michael E. Gerber shares three elements of an effective business growth plan for ongoing success. It involves three activities: innovation, measurement of results, and execution. In the book, he explains why this process is critical to realizing the American small business dream. Keep reading to learn about the three key pieces of a successful business growth plan.

Business Development Process: 7 Elements of Growth

What are the components of a successful business development process? How can such a process help your business grow? In The E-Myth Revisited, Michael E. Gerber lays out the seven components of a business development process. You probably know that you need a business objective and a marketing plan, but you might not be aware of everything you need to set up your business for growth. Read more to learn the elements of the business development process.

The Entrepreneurial Perspective: What Does It Entail?

Do you think like an entrepreneur? What are the elements of an entrepreneurial perspective? In The E-Myth Revisited, Michael E. Gerber suggests that you might need to think of your business in a new way. He provides an exercise for reconceptualizing your business, prompting you to think of it as though it was a prototype for thousands more. Keep reading to learn about the entrepreneurial perspective, what it entails, and how to think like an entrepreneur.

The 3 Business Stages: Infancy, Adolescence, Maturity

What business stages must entrepreneurs understand and navigate? What are the risks of each phase? In The E-Myth Revisited, Michael E. Gerber describes three business stages: infancy, adolescence, and maturity. He explains the characteristics—as well as the risks—of each. Business owners must learn to navigate these phases. Keep reading to learn about the three business stages of E. Gerber.

Start-Up Roles: The 3 Hats of a Beginner Entrepreneur

What start-up roles are necessary for your business to grow? What mindset should a small business leader adopt from the start? In The E-Myth Revisited, Michael E. Gerber argues that a small business owner should assume three roles or mindsets: entrepreneur, manager, and technician. He describes the key characteristics of each start-up role and discusses how they must balance—rather than compete with—each other. Read more to learn the three crucial start-up roles for your business.

The Entrepreneurial Myth: A Quick Look at a Classic

What is the Entrepreneurial Myth? What’s the truth about starting and growing a successful small business? The E-Myth Revisited is a classic business book by Michael E. Gerber. The E-Myth stands for “the Entrepreneurial Myth.” Gerber explains how you can undermine your new business by focusing solely on the product and just trying to work harder. The right approach is to view your business like a franchise—to systematize operations so that it no longer relies on you. Read more to learn about the Entrepreneurial Myth.

The E-Myth: Book Overview and Key Takeaways

What can small business leaders learn from the E-Myth book? How can it give a business a better chance to succeed? In The E-Myth Revisited, Michael E. Gerber explains how focusing solely on the product—and just trying to work harder—undermines new businesses. The right approach is to view your business like a franchise—to systematize operations so that it no longer relies on you. Read more to learn the primary principles from the E-Myth book.

Business Format Franchise: What It Is and How It Works

What is a business format franchise? How did Ray Kroc innovate franchising to create huge success? In The E-Myth Revisited, Michael E. Gerber discusses Ray Kroc’s business format franchise, a template that’s been widely adopted by other companies. He shares the key to McDonald’s success, and he offers insights into how you might succeed by doing what they do. Read more to learn about the business format franchise template.

The Entrepreneurial Model: Think Like an Entrepreneur

What is the entrepreneurial model for business? Do you have the mindset of an entrepreneur? In The E-Myth Revisited, Michael E. Gerber asserts that a successful business owner embraces an entrepreneurial model—a business model with measurable steps, a guiding vision, a defined structure, and functional systems. Another key to success is an entrepreneurial perspective, which keeps the focus on the business rather than the work. Read more to learn about an entrepreneurial model and mindset.