Explain the fatal assumption

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For the assigned weekly readings from E-Myth book, answer the following questions. Answer each question in a paragraph form, including an example from your own experiences or related research.

Part I

Explain the “Fatal Assumption” many people make when starting up their own businesses.

How can the “delivery” of a product be more important than the product is by itself? Give examples of businesses you have encountered where they have proven this point.

Part II Explain the “Business Format Franchise” and its’ value to a small business venture. How does modern day franchising fit this mold?

Explain how “working on your business” instead of “in it” can be an integral part of your success.

Reference no: EM132249358

Questions Cloud

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Explain the fatal assumption : Explain the “Fatal Assumption” many people make when starting up their own businesses.

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