SME, SMB, SMME, all the debate and info: SMEs - how many practice before committing (2/2007)

Wednesday, June 4, 2008

SMEs - how many practice before committing (2/2007)

I read an intersting article about how many SMEs are started as home businesses while they still have jobs.

These people then practice until they are confident and then leave their jobs and launch the business formally. I have seen this a lot in South Africa, but not in the complete form. Rather they stay and have 2 incomes. If the husband and wife are both doing this, and I have seen that quite often, they now have 4 income streams.

There is an obvious ethical problem with those who stay in their jobs, but I suppose it is a reality that is hard to overcome.

Personally, I believe that these type of people could be highly successful if they applied themselves full time to the running of their own businesses, and that they are wasting their talent in this way.

Rob Smorfitt

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Book list

The E-Myth - Michael E Gerber **** This is one of the few books that I have read where so far I agree with everything said. Great read for every SME owner.
Your Emerging Business … Make Sure It Survives! – The Hexagon Stairway To Success - T Ek & J Kusik **** This is the best book I have ever read for the entrepreneur wanting to understand the implications of growth in her/his business. If you need a how to manual for growing your business read this book.
Woz - Biography by Steve Wozniak of Apple fame. For anyone in IT from the early days it provides an interesting insight. I thoroughly enjoyed the book, but an independent editor would have made it a brilliant read. Still worth reading however.
Donald Trump - Think Big and Kick Ass. A very good book for entrepreneurs. While I do not endorse his litigious suggestions, I thoroughly endorse his points about limiting ourselves. Even made the kids read this book. The book has two people writing of which the one is Trump. The other writer simply endorses and adds little value. An annoyance in fact.
Starbucks - This book investigates Starbucks. You come away with a good insight into the company, but you are also left with the feeling that the author suspects but cannot prove that their almost perfect track record is due to manipulation of one sort or another. You do not feel that there is an Enron brewing, but there is fire somewhere. A good read and some excellent insights into the Starbucks strategy and marketing. Well worth the read.
Jim Collins - Good to Great. An excellent read for the entrepreneur wanting to grow a big business.