If you are a small business owner, chances are you have come across the term “e-myth” at some point. This term refers to the entrepreneurial myth, the belief that all it takes to start and run a successful business is technical skill or expertise in a particular field. However, as many business owners have found out the hard way, this is not the case.

To avoid falling into the e-myth trap, it is essential to create a position contract for each role in your business. A position contract defines the responsibilities, expectations, and requirements of a particular job in your company. It ensures that everyone on your team is clear on what they are responsible for and what their job entails, making it easier to hold them accountable.

Creating a position contract is not a complicated process, and there are many templates and samples available online. In this article, we will take a closer look at an e-myth position contract sample and what it should include.

First and foremost, an e-myth position contract should include a job description that outlines the specific responsibilities of the job. This should include a clear definition of the tasks that the employee is required to perform, as well as any special skills or qualifications that are necessary for the role.

The contract should also clearly define the goals and objectives of the position, including any targets or quotas that the employee is expected to meet. This ensures that everyone on your team is working towards the same goals and that everyone knows what is expected of them.

The e-myth position contract should also define the employee`s compensation, including their salary or hourly rate, any bonuses or incentives, and any benefits that are included in their package.

Another important section of the position contract is the performance expectations. This should include specific targets for the employee to meet, as well as any key performance indicators (KPIs) that will be used to evaluate their performance.

The contract should also outline the company`s policies and procedures, including any policies related to time off, sick leave, and other HR-related issues. This ensures that everyone is on the same page when it comes to company policies and that employees can reference the contract for guidance.

In conclusion, creating an e-myth position contract is an essential step for any small business owner looking to avoid the common pitfalls of the entrepreneurial myth. By outlining the responsibilities, expectations, and requirements of each job in your company, you can ensure that everyone on your team is clear on what is expected of them, making it easier to hold them accountable and build a successful business.