Submitted by James on Mon, 12/01/2009 - 9:29am.
"Why Most Small Businesses Don't Work and What to Do About It" is the apt subtitle for Michael E. Gerber's 2nd edition of the classic E-Myth.
This book looks at several common reasons that small and micro businesses fail to make profit or longevity.
Gerber's main premise is that many small businesses are started by technicians who work in a normal job, have the skills to perform a task and in a flash of entrepeneruship think that they'd be better off being their own boss. So they start a business doing what they know best - but discover that although they know their technical work very well (hairdressing, pie-baking, web designing etc) they have no skills or experience with the many other jobs required to run a business (for example accounting, marketing, advertising, management, staff training etc).
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