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Within the first five years 80% of businesses fail why is it we live in information Age with almost all the information needed to succeed available for free 80% of businesses are still failing the e-myth is that most people who start businesses are entrepreneurs risk and capital to make a profit when in reality most people who start abusinessour technicians people who are good Alan aspect of their job and decided to start their own shell the fatal assumption is that if you understand the technical work of a business you understand a business that does that technical work this is not true their#39;SA lot that goes on with a business that the technician will not understand the issue is that most people set up their businesses as people dependent when thanked to be systems dependent which means setting up systems and procedures that require people with the minimum amount of skill to keep it operating at a high level in this summary we#39’re going to cover how the turnkey revolution is changing business forever the three roles you have to play just receive in business in the three stages of abusinessturn-key business is the act of setting up your business so that you have system to process it set up for a consistent effective and orderly way of doing business stay in there so that the business is system dependent and not people dependent the real product you#39;reselling is your business not the product that your business sells to consumers when setting up a turnkey operation make sure you#39’re documenting all the step sand processes that go into marketing creating new products sales bookkeeping everything the goal of the turnkey operation is to build your business into franchise the importance of creatingfranchisable business is that you won#39;the forced to stay in it forever at some point you#39’re going to die and if you#39;rent system dependent eventually what you built will collapse when creating franchise you need to have beginning tend system set up for what to do at every stage of the business and solutions to all problems that will croup the model must provide consistent value to your customers employees and lenders it must be operated by people with the lowest necessary level of skill sounds heartless you have to make people expendable including yourself everything you do in your business must be able to be documented in the operation manual everyone who goes into business has to play the role of three people the entrepreneur manager and the technician the Era prefer is the visionary who thinks ahead and makes plans for thefuturethe manager establishes order in the workplace trying to create consistency and the technician the worker and the doer are the person who does all the technical work most people are technicians turn business owners which means they were perfect at their job, and they decided they would be a better off owning their own shop everyone#39;more suited to one aspect or the other and each has its own advantages and...
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