Does Income Make It a Business?
Of all the questions I’ve been posed in the last forty years, the one that usually hurts the most feelings is when a business owner mistakenly thinks he or she is an entrepreneur and I correct them. The fact is, most small business owners are just that – not entrepreneurs, not visionaries – just folks who have bought themselves a job. They’ll work for themselves for years and then, after all that hard work, if they’re lucky, they’ll sell their company to some other poor soul to labor for next to nothing for a few more decades. Here’s where some of you cry out, “But Gerber! So-and-so is a millionaire and did it all selling imported widgets online!” NOT an entrepreneur. Still just a small business owner. Income doesn’t make you an entrepreneur any more than owning a sports car makes you a race car driver, and too many people today…
