E-Myth
Encyclopedia
'E-Myth' in the business vernacular
Vernacular
A vernacular is the native language or native dialect of a specific population, as opposed to a language of wider communication that is not native to the population, such as a national language or lingua franca.- Etymology :The term is not a recent one...

 refers to the Entrepreneur
Entrepreneur
An entrepreneur is an owner or manager of a business enterprise who makes money through risk and initiative.The term was originally a loanword from French and was first defined by the Irish-French economist Richard Cantillon. Entrepreneur in English is a term applied to a person who is willing to...

ial Myth, and means that most businesses fail because the founders are technician
Technician
A technician is a worker in a field of technology who is proficient in the relevant skills and techniques, with a relatively practical understanding of the theoretical principles. Experienced technicians in a specific tool domain typically have intermediate understanding of theory and expert...

s that were inspired to start a business without a true entrepreneur
Entrepreneur
An entrepreneur is an owner or manager of a business enterprise who makes money through risk and initiative.The term was originally a loanword from French and was first defined by the Irish-French economist Richard Cantillon. Entrepreneur in English is a term applied to a person who is willing to...

's outlook.

E-Myth is also used as a verb, i.e., to 'E-Myth your business' means to build internal systems that control processes as in a franchise
Franchising
Franchising is the practice of using another firm's successful business model. The word 'franchise' is of anglo-French derivation - from franc- meaning free, and is used both as a noun and as a verb....

 operation, so that results are predictable. The methodology was first articulated under this moniker in the 1986 book 'The E-Myth' by Michael Gerber.

E-Myth methods are taught in courses at Stanford , BYU
BYU
-Education:* Brigham Young University, a university located in Provo, Utah, USA administered by The Church of Jesus Christ of Latter-day Saints.**BYU Salt Lake Center, a satellite center in Salt Lake City, Utah, USA...

 http://marriottschool.byu.edu/cfe/curriculum/lectures.cfm and Stetson University and recognized by Entrepreneur Magazine
Entrepreneur Magazine
Entrepreneur is a publication that carries news stories about entrepreneurialism, small business management, and business opportunities. It is published by Entrepreneur Media Inc., headquartered in Irvine, California....

http://www.entrepreneur.com/management/leadership/article177286-2.html, Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...

 Magazine http://www.forbes.com/business/smallbusiness/2005/08/31/books-entrepreneurs-publishing-cz_mm_0831books.html and Inc. (magazine)
Inc. (magazine)
Inc. magazine, founded in 1979 and based in New York City, is a monthly publication focused on growing companies. The magazine publishes an annual list of the 500 fastest-growing private companies in the U.S., the "Inc...

http://www.inc.com/news/articles/200701/canyon.html among others. In 2003 E-Myth entered the Fast Company (magazine)
Fast Company (magazine)
Fast Company is a full-color business magazine that releases 10 issues per year and reports on topics including innovation, digital media, technology, change management, leadership, design, and social responsibility...

 blogosphere
Blogosphere
The blogosphere is made up of all blogs and their interconnections. The term implies that blogs exist together as a connected community or as a social network in which everyday authors can publish their opinions...

http://www.fastcompany.com/soundoff/reader_comment.html?cid=9894.

External links

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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