Business Mindset 33
Self Employment vs Entrepreneurship vs Business Ownership vs Investorship
Understanding difference between Entrepreneurship and Business Ownership
When you sell your hours to make money, we call it Self Employment. A lot of people are mistaken when they believe they are business owners despite of spending 14-18 hours a day on a business with 20 employees around them. No, You are not a business owner unless you make your business sell-able, flip-able, transfer-able. Then only call yourself a Business Owner. See another video about understanding the difference between good business vs bad business
Entrepreneurs are people who put money as a secondary objective but problem solving as a primary objective. Young boys trying to create an app to save the world or save the planet or to solve problem of the society or people, trying to come up with solution are called Entrepreneur. They want to build something out of passion, out of love. Yes, they also want to make money, they also need funding, they also need employees but their primary objective is to follow the passion while keeping money as a secondary objective.
Businessmen on the other hand are the people who build a business or money making empire purely out of money making desire only. Their primary objective is to make money. They are not interested to follow the passion or solve any problem. They want to open a restaurant or run a software house out of money making objective and not out of passion. And successful Businessmen are those who manage to cut down their hours spent (Ghanta) and able to make more money, otherwise we call them self-employed if they could not reduce their number of hours and could not create a sell-able tangible asset in return. This is where Amazon FBA comes into picture as a good tangible, sell-able, flip-able asset that can be bought or sold and requires less amount of working hours.
Investors are the people who want to invest and want to do nothing. The world’s best business is becoming an investor where your money works for you. You invest and sleep. Let the business owners or Entrepreneurs run the business for you.