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Compass Rose Consulting

Entrepreneurial Myths that Will Hurt Your Business

Posted on April 4, 2019April 29, 2024

Is Your Business Impacted by E-Myths?

We are going to embark upon a journey through the world of e-myths and debunk them to help you avoid falling into the e-myth trap.

First, let’s take a minute to talk about what an e-myth is. An entrepreneurial myth, or e-myth, is an assumption that anyone can succeed at business with:

·       Desire

·       Some capital

·       Projected a targeted profit

This sounds great, but it just not realistic. Think of starting a business as a marathon. Sure, everyone starts out of the gate at record pace, but after a few miles people start slowing and some drop out entirely. Building a successful business takes stamina and agility.

The reality is that there are many different facets to a successful business and none of them can be ignored if you plan to find success.

Let’s take a minute to talk about entrepreneurial seizure. This defines the roller coaster of emotions that comes with starting, nurturing and the potential failure of a business.

The emotions that occur, in order, are:

·       Exhilaration

·       Exhaustion

·       Despair

·       Sense of self-loss

This is usually cause by the e-myths and assumptions we talked about. You can get your hopes so high on instant success that even the smallest lag and you are sent into an emotional tailspin. This is also brought on by the stark realization that you can’t do it all and will need help in the areas where you don’t have the knowledge. Now, faced with limited choices you may feel like you need to back out and hide, but don’t do this.

Pick up a copy of the Visionary Womenpreneur’s Field Guide to learn how to create your strategy effectively.

Take ONE step today, towards building your success!

Download the Business & Profits Field Guide

In the Field Guide, I share with you my framework for building success, consistently. Each business does need its own system, but there are keys that every business needs to focus on. Learn the keys and start taking action towards building your business’ system for growth.

  • Learn the Business Growth Compass
  • The 8 Business Growth Keys
  • Strategies for Increasing Impact.

Each is important and each can make a huge impact on your profits!!

Grab Your Copy Today!!

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