Fatal Assumption

The term “E-Myth” defined by Michael E. Gerber states that small businesses are started by entrepreneurs risking capital to make a profit. Gerber agreeably states that this is simply not true. We have learned from our textbook Entrepreneurship, E-Myth, and everyday life that small businesses are started for various reasons and the risk of losing money is not one. Most people do not start companies just to risk money and try to make a profit just for the thrill of it. Ideas for small businesses are usually triggered by corporate downsizing, global advancement, “…the paycheck you received on a Friday afternoon, or a sideways glance from the boss that just didn’t sit right”(Gerber, 11). Those events usually trigger an “Entrepreneurial Seizure.” The employee now wants to be the employer.

However, when hit with this burning desire to start a business one has a “Fatal Assumption.” One assumes “if you understand the technical work, you understand a business that does this technical work”(Gerber, 13). This is a huge misconception. Just because one can do the technical work day-in and day-out, does not mean he/she can do all of the other tasks it takes to run a business. Instead of being an expert in one area, one must be burdened with the title of being a jack-of-all-trades. Before reading Gerber’s theory of the “Fatal Assumption” I believed in going out to do what you love and make a profit from it. After reading his theory my belief has completely changed. The business part of my dream job had not entered my mine. Starting a successful business has more to do with it besides just loving what you do.

That is why I completely agree with Gerber’s theory that everyone who goes into business is three people-in-one. In order to survive as a successful business one must be the entrepreneur, the manager, and the technician. Being all three allows one to know what is exactly going on in their business at all times. The entrepreneur is needed to start the business running, the manager is needed to make sure that all of the important issues of the business are being taken care of properly and the technician knows the product. This is true in such businesses like my aunt’s cleaning service called Maid in America. It started out as a small business, having it being possible for her to oversee everything. However, time brought upon a growth of business and more contracts, making the business too large for her to oversee. This made it possible for the her to no longer over see everything in the company, which meant that the jobs done were no longer produced to its original standards, which in-turn left customers unsatisfied and which finally made the business close. Her desire to be an entreprneur, in addition to having experience in the janitorial field moved her too start the business, which completely supports my theory of which that an entreprenuer is not born , but made.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with My Homework Geeks
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

escort

-
eskişehir escort

escort

-
eskişehir escort
Live ChatWhatsApp

escort

-
eskişehir escort