Are You Aiding And Encouraging E-Myths?

We’ll go on a trip through the world of e-myths, debunking them to help you avoid being sucked in by the e-myth trap.

First, let’s define an e-myth. An entrepreneurial myth, or e-myth, is an assumption that anyone can succeed at business with:

  • A need 
  • Some money
  • Projected a targeted profit

This may seem appealing, but it is simply not feasible. Consider starting a company as a marathon. Sure, everyone begins at breakneck speed, but after a while, people begin slowing down, and some drop out entirely. Building a successful business requires stamina and quickness.

The fact is that a successful business has many different elements, and any of them must be considered if you want to achieve success.

Let’s look at what the term “entrepreneurial seizure” means. This captures the thrill of the beginning, developing, and potential failure of a business.

The emotions that occur, in order, are:

  • Euphoria
  • Exhaustion
  • Despair 
  • Sense of self-loss 

This is most likely due to the e-myths and preconceptions we discussed previously. You may get your hopes up so high on the immediate success that even a minor delay causes you to fall into an emotional tailspin. This is also caused by the harsh realization that you can’t do everything alone, which leads you to question if you should continue down this path.

The feeling of despair can be so intense that it leads to a sense of self-loss, where you feel like you’re not the same person you used to be. This is usually due to the change in lifestyle and the expectations you had.

I hope this article has helped you see that running a business is not easy, and there are many different aspects

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Dr. Mike Montes

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