Is selling the business you love the only way to achieve whatever you want?
Michael Gerber, the author of the New York Times bestseller, The E-Myth Revisited, says it is.
He says you should be thinking about scaling and selling your small business, even before you start. And that is how to achieve whatever you want.
No wonder he calls himself the Chief Aggravator!
In this final interview on my podcast, it seemed fitting to talk about thinking about selling you business before you even begin it, and why you want to scale and grow your business if you ever want to be successful.
There were moments when Michael certainly ‘aggravated me’ as my thoughts around this, with my impending business sabbatical, definitely differ, but in some areas I certainly agree with his thinking.
And so do tens of millions of others who have bought his book and followed his work over the 40 years he’s been wanting to change the face of small business, the world over.
Michael has always wanted small business owners to think of their business as a turnkey business that can be customized and personalized.
According to him, you should start your small business by writing an eulogy for it, because it is a part of your legacy.
And you don’t get to choose whether you have a legacy or not; you already have one. Your only choice is to engage with it intentionally, or not.
In this episode, Michael and I talk about how you can achieve whatever you want if you are willing to begin again. We also discuss if it is worth it to sacrifice everything else in the pursuit of the thing you’re passionate about.
This episode will challenge your assumptions about small business, freedom, and even your vision for your life. Proceed with caution.
In this episode you’ll learn:
- What a turnkey business is and whether it can be customized and personalized
- Why would you sell if you actually enjoy and love running your business
- Whether it’s worth sacrificing everything in the pursuit of passion
- Why our definition of freedom is superficial and are we truly free
- How he started his business back in 1977 with the mission ‘to become the McDonalds of small business consulting’.
Key Resources I mention or add value to this podcast:
- Michael’s new book: Beyond the E-Myth: The Evolution of an Enterprise: From a Company of One to a Company of 1,000!
- In Search of the Miraculous
- I Am That
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