Entrepreneurship vs. Small Business Owner
Entrepreneurship or small business owner? The answer is the difference between business growth or business stagnation. A small business owner views their business as a job. Entrepreneurs on the other hand build their business as an asset that will generate a cash flow stream and income on its own!
On which side of the fence are you with your business?
Our Definition of Entrepreneurship
The business growth model provides skills you must master to accomplish the steps along the way. In the model there are two sets of factors that directly impact business growth – leadership and management factors.
The leadership factors relate to skills necessary to lead your team to achieve the objectives for each stage of the growth cycle. This is the “personal change” and growth that we speak to within our tagline. As an owner, if you are not ready to tackle the things necessary at your stage of growth, then your business will suffer as a result. So, personal growth is key to business growth. This is why leadership topic is a major part of this blog!
The management factors relates directly to business management. Again, does the company have the business systems, personnel, and financial wherewithal to accomplish what is required at the company’s stage of growth? Again, if you don’t understand these aspects of management your company will stagnate.
Entrepreneurship is all about mastering the skills of leadership and management. If you can achieve this you too will aspire to the title of entrepreneur and have the professional success that you seek!