The E-Myth Author Michael Gerber on Why SBA Lenders Fund Failing Businesses
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Michael E. Gerber wrote The E-Myth Revisited forty years ago and it has sold millions of copies since. Inc. Magazine calls him the world's number one small business guru. In this episode I sit down with Michael alongside my co-host Charles Oglesby to ask the question every lender should be asking: why do most of the businesses we finance fail, and what separates a bankable business from a well-paid job with overhead?We cover the entrepreneurial seizure and why the technician who makes the pies should almost never own the pie shop. We dig into why documented systems are not just an operations idea but an underwriting standard, and how the SBA's move away from credit scores toward cash-flow fundamentals lines up with what Michael has been saying for four decades. With SBA loan limits expanding dramatically, we ask whether more capital for Main Street is a blessing or a loaded gun, and what has to change inside a business before it can responsibly carry serious debt.We also get into the acquisition wave, what a buyer actually owns when all the systems live in the seller's head, the due-diligence version of the E-Myth, whether AI finally solves the systems problem or just automates the seizure, and Michael's unfinished mission to transform small business worldwide.If you lend to, advise, buy, or run a small business, this one is required listening.Deal Flow OS: dealflow-os.comNewsletter: https://buybuildexitwithroyredd.subst...Instagram: @buybuildexitFree Class, Buy Build Exit Academy: https://www.skool.com/buy-build-exit-...