Are You Aiding & Abetting E-Myths?

    Business Finance Network, LLC
    By Business Finance Network, LLC

    We are going to embark upon a journey through the world of e-myths and debunk them to help you avoid falling into the e-myth trap.

     

    First, let’s take a minute to talk about what an e-myth is. An entrepreneurial myth, or e-myth, is an assumption that anyone can succeed at business with:

    • Desire
    • Some capital
    • Projected a targeted profit

    This sounds great, but it just not realistic. Think of starting a business as a marathon. Sure, everyone starts out of the gate at record pace, but after a few miles people start slowing and some drop out entirely. Building a successful business takes stamina and agility.

    The reality is that there are many different facets to a successful business and none of them can be ignored if you plan to find success.

    Let’s take a minute to talk about entrepreneurial seizure. This defines the roller coaster of emotions that comes with starting, nurturing and the potential failure of a business.

    The emotions that occur, in order, are:

    • Exhilaration
    • Exhaustion
    • Despair
    • Sense of self-loss

    This is usually cause by the e-myths and assumptions we talked about. You can get your hopes so high on instant success that even the smallest lag and you are sent into an emotional tailspin. This is also brought on by the stark realization that you can’t do it all and will need help in the areas where you don’t have the knowledge. Now, faced with limited choices you may feel like you need to back out and hide, but don’t do this.

    Use our FREE test drive to get the business coaching you need to avoid feeling overwhelmed and defeated.




    Original: http://e-strategymarketing.net/blog/are-you-aiding-abetting-e-myths/
    By: joelbenton
    Posted: October 31, 2012, 4:05 pm

    Business Finance Network, LLC

    Business Finance Network, LLC

    A business growth network providing small business owners and entrepreneurs access to all the tools, resources and support they need to grow their revenues and profits faster.
    Full description

    Business Finance Network is a business growth network providing small business owners and entrepreneurs access to all the tools, resources and support they need to grow their revenues and profits...