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The Foundr Podcast with Nathan Chan

120: The Master of Systems (Michael Gerber) Shares How to Scale Your Business

The Foundr Podcast with Nathan Chan

Nathan Chan

Marketing, Business, Entrepreneurship

4.8662 Ratings

🗓️ 1 December 2016

⏱️ 63 minutes

🧾️ Download transcript

Summary

Thirty years ago, Michael Gerber released a book called The E-Myth: Why Most Businesses Don't Work and What to Do About it. It carried within it lessons on what it means to be an entrepreneur, the importance of systems in building a scalable business, even the different types of people who start their own businesses. It laid out the common pitfalls that happen to most novice entrepreneurs and gave practical advice on how to avoid them. The best-selling book has since inspired millions of people to start their own businesses, and is still considered to be a must-read for entrepreneurs everywhere. Startup thought leaders like Tim Ferriss and Seth Godin have heaped praise on the lessons outlined in this book. But before Gerber began changing the lives of a whole generation of business owners, he explains, he never intended to become an entrepreneur. It was only through a chance meeting with a distraught business owner that Gerber found himself with his first client and in the position to help someone grow a business. "I discovered something I'd never known before, and that is the conclusion I've come to over the years—that despite the obvious differences between industries, between vertical markets, between kinds of companies, what I began to discover was that from a business development perspective, they're not different at all." Despite all the technological changes that have happened since that first client, Gerber asserts that the key principles behind building a business have remained the same. In this episode you will learn: What exactly it is that makes an entrepreneur different from everyone else How to be a dreamer, a thinker, a storyteller, and a leader The difference between strategic and tactical thinking, and which one you should be doing Why everyone should start thinking about building a business How to make your business unique, even if your product isn't & much more!

Transcript

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0:00.0

This is episode number 120 with Michael Gerber of the Founder Podcast.

0:06.5

What you need is thirst.

0:08.2

You need to be a thirsty human who is intent on learning.

0:12.3

It's a really fascinating exploration of human potential.

0:15.8

Now, the founder podcast.

0:21.1

Even the greatest entrepreneurs had help.

0:24.0

If you want to learn from the most successful founders on the planet, you are in the right place.

0:29.7

Branson, Mark Cuban, Tony Robbins, Tim Ferriss, Arianna Huffington, Steve Case, Gary V, Sophia Amoroso, Barbara Corcoran, Damon John.

0:36.8

Learn from the greatest minds in business today with interviews hosted by Nathan Chan.

0:41.3

This is not your average entrepreneur podcast.

0:45.1

The Founder Podcast.

0:52.0

Hey guys.

0:53.2

Thank you so much for tuning in. Before we start today's episode, I just want to let you know

0:58.7

that our goal at founder is to help entrepreneurs succeed however we can by giving away high

1:04.4

quality content in the form of interviews, blog posts, podcasts, YouTube videos, you name it.

1:10.7

We put out so much content to help you.

1:13.1

And another interesting project that we're working on right now

1:15.9

is partnering with world-class founders like Damon John, Alexa Von Tauble,

1:20.8

Greta Van Riel, and so many more to teach crucial skills like negotiation, finance, e-commerce, and so much more. So if you'd like to get

1:31.5

access to these free trainings with founders like this, which is 100% free, just go to founder.com

1:38.7

forward slash free. Okay, so now let's talk about today's episode. Hey guys, welcome to another episode of the Founder Podcast.

1:47.7

My name is Nathan Chan.

...

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