I am a second year apprentice..i have read the E Myth Contractor..It makes perfect sense.  You must be able to put your business on "auto-pilot"...so you can go do something else..like start a real estate business to invest profits made with your electrical contracting business.  that's what this guy does in my town...he has been a union electrical contractor for a long time now, and has one of his sons doing contracting under a new company they formed(non-union).  then he keeps buying real eastate in town...I hope to follow in his footsteps...should take about 40 years.
[This message has been edited by Clydesdale (edited 01-12-2005).]