Small Business Owner versus Entrepreneur is there a difference?

Hello Fellow Business Owners  & Entrepreneurs,

Have you ever wondered if there is a difference between being a small Business owner or and Entrepreneur?

Well, this just might just surprise you!

Here are the Webster’s dictionary explanations of each role.

What is the definition of a small business?
The definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. A local bakery that employs 10 people is an example of a small business. A manufacturing facility that employees less than 500 people is an example of a small business.
What is the definition of en·tre·pre·neur? 
ˌäntrəprəˈnər/  noun
  1. a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.

Basically, you can be an entrepreneur and not run a small business. But you can’t run a small business or any business without being an Entrepreneur! Because the entrepreneur is the risk taker the one who puts their money and their reputations on the line. It takes a special person to want to become an Entrepreneur. It’s often easier to go to work for someone else than it is to take that risk all on yourself.   Making your own living and establishing your own path to success.

The rewards of being an Entrepreneur or a Small business owner can be enormous if you look at them in the light of Growing a Business rather than starting one. I see so many people get excited about the idea of owning their own business. Having the helm of the ship so to speak, but so many times when they face some challenges or the money doesn’t flow fast enough they up and quit?… Why?…

Why start something you have no intention of finishing? Wouldn’t it be easier to take that money you invested and use it on a vacation? Or a new Car or Boat?  What kills the momentum that you start out with when first opening that business? Do we just stop dreaming? Do we loose hope at the first sign of a challenge, not realizing that those challenges are helping you grow as a business owner and that having to develop skills and the right mindset takes time?

We start with an idea and then over time we cultivate that idea into a reality and usually by the time we get the reality created we are 6-9 months into the new company. That’s where are screwy thinking steps in and sets us up with a failure mentality.  We shouldn’t expect if we are building our business correctly, to turn a profit for at least the first three years. Because in the first year all you are doing is building up yourself and your reputation. In the second year,  you are investing whatever money you bring in right back into the business.  In order to assure you have everything in place needed to run your business successfully. Then in the third year, you will see your business will be paying you and paying all the bills for operating the business.

The sole idea of becoming an Entrepreneur or Small Business Owner is for the purpose of not having any Limits! No Limits to how much money you can make, how many hours you must work, or where you must work for the online Entrepreneur!

Have you ever thought of becoming an Online business owner? 

Then this is the Business for you check it out here….Online business owner…

 

Here you can get a free copy of the Book Limitless that gives details on how to start and operate your own successful online business!

To Your Success!

Brenda


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