The Entrepreneurial Myth

A better perspective comes from small-business guru Michael Gerber’s important book on why most small businesses fail, called The E-Myth Revisited (2004). Referring to the “entrepreneurial myth”, Gerber states that people start businesses for many reasons but that most businesses are not started by visionary entrepreneurs but by bookkeepers, barbers, plumbers, salespeople and secretaries who grow tired of working for somebody else.

This definitely chimes with those suffering from high fear of failure, as many may have concluded that their greatest barrier to progress is their current boss or the company they work for. High-FFs may feel that their talents are ignored or there is prejudice against them, making running their ...

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