The E-myth Revisited was the first book I bought when I started my gym and it’s one of the first i usually recommend that people read. But as i get further into the business, I wonder if some of the central arguments need to be questioned – specifically the idea that you absolutely MUST pull yourself out of the business so it can run without you. I’m not sure i believe that any more, at least for every type of business.
I noticed that same argument in Rich Dad, Poor Dad book 2 when he talked about how the self-employed quadrant was totally inferior to the business and investment quadrants. He also argued that you should totally pull yourself out of your business, but he acknowledged that most Amercian millionaires were self-employed – exactly what he was arguing against.
For me, I love what i do and would never want to turn the whole thing over to employees even if I could. Nor am i like the miserable baker in E-myth that was working 20 hour days. I wonder if there aren’t quite a few businesses where you don’t have to completely pull yourself out of the business (work On your business, not In it) and can still be successful.
Is Gerber partially wrong?