hey began. Essentially, they’ve traded one job for another. Before they collected a paycheck, now they must earn a profit… the two are not the same. They are responsible for paying themselves and well as all of their other business partners – federal, state, city, and local governments; city municipalities; employees; suppliers, etc.

Herein lays the trap… Most entrepreneurs do not know what they don’t know and go into their business thinking “I’m the best widget maker; therefore my business is bound to be successful!” Statistics say otherwise. (To learn more abo

This is the most pervasive, far-reaching and detrimental marketing myth of them all! It is an equal-opportunity fantasy whose believers are corporate CEOs; entrepreneurs; male and female; young and old; rich and poor; tall and short; moms and pops; etc.

It is also the most difficult one to correct because the “patient” doesn’t know he/she is ill! It serves as the foundation for prejudice, ignorance and failure and influences all of the sufferer’s decisions and behaviors – personally and professionally.

Ironically, this myth often serves as the very basis for becoming an entrepreneur in the first place. Michael Gerber, in his classic book, “The E-Myth”, says that most small businesses are started by technicians (folks who are proficient at some skill) who have an entrepreneurial “seizure”.

Just because they know how to do the work of the business does not mean that they know how to run a business that does that work. For example, just because a hair stylist knows how to cut hair, does not mean he/she can run a hair styling business.

This is a classic case of not knowing what you don’t know. For instance, any business run in the U.S. today has to understand how the following business requirements (just to name a few) impact them and how they must comply on a daily/monthly/yearly basis:

• Payroll taxes
• Workmen’s compensation
• Local and State Income Tax Laws
• Local and State Sales Tax Laws
• Business Licensing
• Profit and Loss Statements
• Overhead Expenses
• Financial Reporting Requirements
• Employee Management
• Human Resource Regulations
• OSHA Regulations
• Social Security, Medicare Benefits
• Withholding Taxes
• Actual costs of running a business
• Quarterly Tax Payments

The problem arises when technicians assume that all they need to know is the work of the business, not how to run a business. The actual costs of owning and operating your own company are far greater than the expenses associated with your rent, office furniture, utilities, etc.

Because of this many small business owners never earn a true profit…one that allows their business to grow, and provide them sufficient income to enjoy the lifestyle they envisioned when they began. Essentially, they’ve traded one job for another. Before they collected a paycheck, now they must earn a profit… the two are not the same. They are responsible for paying themselves and well as all of their other business partners – federal, state, city, and local governments; city municipalities; employees; suppliers, etc.

Herein lays the trap… Most entrepreneurs do not know what they don’t know and go into their business thinking “I’m the best widget maker; therefore my business is bound to be successful!” Statistics say otherwise. (To learn more abou

r becoming an entrepreneur in the first place. Michael Gerber, in his classic book, “The E-Myth”, says that most small businesses are started by technicians (folks who are proficient at some skill) who have an entrepreneurial “seizure”.

Just because they know how to do the work of the business does not mean that they know how to run a business that does that work. For example, just because a hair stylist knows how to cut hair, does not mean he/she can run a hair styling business.

This is a classic case of not knowing what you don’t know. For instance, any business run in the U.S. today has to understand how the following business requirements (just to name a few) impact them and how they must comply on a daily/monthly/yearly basis:

• Payroll taxes
• Workmen’s compensation
• Local and State Income Tax Laws
• Local and State Sales Tax Laws
• Business Licensing
• Profit and Loss Statements
• Overhead Expenses
• Financial Reporting Requirements
• Employee Management
• Human Resource Regulations
• OSHA Regulations
• Social Security, Medicare Benefits
• Withholding Taxes
• Actual costs of running a business
• Quarterly Tax Payments

The problem arises when technicians assume that all they need to know is the work of the business, not how to run a business. The actual costs of owning and operating your own company are far greater than the expenses associated with your rent, office furniture, utilities, etc.

Because of this many small business owners never earn a true profit…one that allows their business to grow, and provide them sufficient income to enjoy the lifestyle they envisioned when they began. Essentially, they’ve traded one job for another. Before they collected a paycheck, now they must earn a profit… the two are not the same. They are responsible for paying themselves and well as all of their other business partners – federal, state, city, and local governments; city municipalities; employees; suppliers, etc.

Herein lays the trap… Most entrepreneurs do not know what they don’t know and go into their business thinking “I’m the best widget maker; therefore my business is bound to be successful!” Statistics say otherwise. (To learn more abo

business run in the U.S. today has to understand how the following business requirements (just to name a few) impact them and how they must comply on a daily/monthly/yearly basis:

• Payroll taxes
• Workmen’s compensation
• Local and State Income Tax Laws
• Local and State Sales Tax Laws
• Business Licensing
• Profit and Loss Statements
• Overhead Expenses
• Financial Reporting Requirements
• Employee Management
• Human Resource Regulations
• OSHA Regulations
• Social Security, Medicare Benefits
• Withholding Taxes
• Actual costs of running a business
• Quarterly Tax Payments

The problem arises when technicians assume that all they need to know is the work of the business, not how to run a business. The actual costs of owning and operating your own company are far greater than the expenses associated with your rent, office furniture, utilities, etc.

Because of this many small business owners never earn a true profit…one that allows their business to grow, and provide them sufficient income to enjoy the lifestyle they envisioned when they began. Essentially, they’ve traded one job for another. Before they collected a paycheck, now they must earn a profit… the two are not the same. They are responsible for paying themselves and well as all of their other business partners – federal, state, city, and local governments; city municipalities; employees; suppliers, etc.

Herein lays the trap… Most entrepreneurs do not know what they don’t know and go into their business thinking “I’m the best widget maker; therefore my business is bound to be successful!” Statistics say otherwise. (To learn more abo

r>• Withholding Taxes
• Actual costs of running a business
• Quarterly Tax Payments

The problem arises when technicians assume that all they need to know is the work of the business, not how to run a business. The actual costs of owning and operating your own company are far greater than the expenses associated with your rent, office furniture, utilities, etc.

Because of this many small business owners never earn a true profit…one that allows their business to grow, and provide them sufficient income to enjoy the lifestyle they envisioned when they began. Essentially, they’ve traded one job for another. Before they collected a paycheck, now they must earn a profit… the two are not the same. They are responsible for paying themselves and well as all of their other business partners – federal, state, city, and local governments; city municipalities; employees; suppliers, etc.

Herein lays the trap… Most entrepreneurs do not know what they don’t know and go into their business thinking “I’m the best widget maker; therefore my business is bound to be successful!” Statistics say otherwise. (To learn more abo

hey began. Essentially, they’ve traded one job for another. Before they collected a paycheck, now they must earn a profit… the two are not the same. They are responsible for paying themselves and well as all of their other business partners – federal, state, city, and local governments; city municipalities; employees; suppliers, etc.

Herein lays the trap… Most entrepreneurs do not know what they don’t know and go into their business thinking “I’m the best widget maker; therefore my business is bound to be successful!” Statistics say otherwise. (To learn more about Michael Gerber’s E-Myth theories visit his website at: www.emyth.com).

“The person who knows HOW will always have a job. The person who knows WHY will always be his boss.” Alanis Morissette

Then there are a group of people that I call “know-it-alls” . The business world is full of these people, and unfortunately they are their own worst enemies. Why? There are a myriad of specific reasons but they all begin with their reluctance and/or refusal to seek wise counsel.

Essentially, they do not believe that it’s smart business to pay experts for their years of study, experience and expertise. For instance, just because they can write their own ad copy (i.e. it doesn’t require a license or certificate) they think they should! These are the very same folks who would diagnose their own diseases and write their own prescriptions if it weren’t against the law!

What they fail to see is that for every one dollar they spend paying experts, they potentially save five dollars in actual money and even more in wasted time; preventable mistakes; lost earnings and stress. However, marketing is not the only area these misguided “know-it-alls” reside. Although the industry certainly has more than it’s fair share (even though study after study confirms that a company is only as successful as its weakest skill) it is prevalent in every field.

On the other hand, there are many more folks who are far from insufferable know-it-alls. They actively seek counsel, but sometimes simply don’t know where to begin, who to contact or the right questions to ask! I experienced this firsthand as I began working on my website, (www.StrategicMarketingAdvisors.com).

Tip I had no delusions that I was an expert in Internet marketing right from the start… no problem. Yet, as I learned more about the process, I became more and more panicked. Cyberspace jargon is like a foreign language to me and the more I tried to do myself, the more lost I became. And it wasn’t as though I did want the help! Quite the contrary… but I was so lost that I didn’t even understand what I really needed, let alone who to contact! Gratefully, I used my tried-and-true methodology and “baby-steps” process and found a wonderful coach who made all the difference!

The philosophical