Friday, July 12, 2013

James Malinchak's The Main Difference Between Entrepreneurs And Business Owners

By Stanton Harper


In my office, I have a sign that prominently says, "What is the fastest way to the cash?" The key reason I have it inside my office for me and others to see is that once I enter that office each day, there's nothing else on which I ought to be focusing. Being an entrepreneur, a business owner, a leader, as well as a coach, I should concentrate only on activities that bring money directly into my company because without that, I can't invest in what matters.

There's quite a distinction between a business owner and a business entrepreneur. Most business owners do not make anything since they're doing everything in the business. They are sweeping the floors. They are unlocking the doors. They are trying to get people to walk in the front door. They're trying to write an advertisement to bring people into the store. They're trying to make the widget to market to the person. That is the way a business owner thinks.

An entrepreneur thinks differently. An entrepreneur thinks, "I should be staying focused on the cash. How do I generate money? Do you know the highest revenue-producing activities that I should be focusing on each day? How do you farm out everything else? My actual role as the entrepreneur is earning money. That is the only position."

As an experienced business entrepreneur, I challenge anyone who thinks that their role is different to attempt to survive without money coming in for around a month or two. Watch how quickly you realize, "Heck, everything else I am doing does not matter unless I go out and make sales towards bringing in money for my business."What I call the proper way, what I call the only method to operate a business is to stay centered on activities as an entrepreneur that bring you money and make you money. Let me share a couple of things that might be to your benefit. You might want to ask yourself the following questions whenever you're doing whatever you're doing.

1. Does this immediately bring money in to the business?

a. Well if not, then exactly why are you doing it?

b. Get over and concentrate on things that will bring you money.

2. If it's not directly bringing money, can it bring profit for my business over the following one or two extra steps?

a. If not, why are you doing it?

b. Get someone else to get it done. Get an assistant to get it done. Get someone who you hired but you ought to be doing things that provide you with money.

Remember, when it comes to being at your desk, you shouldn't be in there shuffling paperwork around. You shouldn't be there placing stamps on envelopes. I used to do that starting out almost as much ast you've been doing. However, if you wish to be considered a smart business entrepreneur and not just a business owner, you'll employ somebody for a couple of bucks to complete the stuff that you should not be doing. You're probably wondering why you should invest in another person doing the little things you could do yourself. This is because most business owners don't make any money because they are not out there earning money. They are doing all of the little stuff that disrupts them making money!




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