Entrepreneurship

Entrepreneur vs. Small Business Owner

Entrepreneur 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 income on its own!

On which side of the fence are you with your business?

Our Definition of Entrepreneurship

A small business owner becomes an entrepreneur by mastering the process and skills necessary to grow their small business. Think of our small business growth model as a game plan to entrepreneurship. It maps out the steps you follow to successfully become an entrepreneur.

In the Harvard Business Review whitepaper by Churchill and Lewis titled The Five Stages of Business Growth, they reported two sets of factors that directly impact small business growth – owner and company factors. The owner factors relate to leadership skills necessary to achieve the objectives for each stage of the growth cycle.

The company 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!

Contact us if you are ready to begin your journey toward achieving entrepreneurship!