What Do Entrepreneurs Think About Most?

Some people think that just because they own a business that they are an entrepreneur. That is not true. One can own a business and think nothing like an entrepreneur. A business owner can just as easily be owned and ruled by their business than an employee can be ruled by his employer. The biggest difference is in how they think and later as they grow and develop there will be another big difference - their income.

Most business owners think in terms of percentage increase. That is what binds them to their income status. They buy product for a dollar value and mark it up by percentage to make a profit. Sounds good accept it never gets to be great unless they open multiple locations. Entrepreneurs already think in the terms of multiplication. Right from the beginning of the equation they are looking for more than a percentage of increase. They are looking to multiply the profit, multiply the locations, multiply the employees, and multiply effectiveness.

Ask any successful entrepreneur what they think about most and they will tell you something about the hunt. They are excited about where there business is going. They are planning the next phase of development. They are not “in” their business in their mind even when they are doing the small things that need to get done. They are “on” their business in their mind. They are thinking about the next blog to write, the white paper that explains things, the elements of the business plan that make the project bigger. They are thinking about franchising and licensing and the investors that they will need to get to the next level. And guess what? They get what they are thinking about.

The difference between an entrepreneur and a business owner is entirely in how they think. Two guys can both own a McDonalds. One is an entrepreneur and the other is a business owner.

The Business Owner Thinks About

·         How to get things done
·         Who to hire next
·         Accounting
·         End of the day report
·         Stocking the shelves
·         Meeting the clients
·         Menial tasks
·         Taking the place of the employee who called in sick
·         Percentage increase
·         The how, the how, the how

Business Owners think “Facts matter.”

The Entrepreneur Thinks About

·         Expansion to new regions and opening new outlets
·         Training a group of people at once and multiplying time
·         Hiring a manager to free up “thinking time”
·         Multiplication of money
·         Owning more than one business and investing in others
·         The why, the why, the why

Entrepreneurs believe “When your attitude is right the facts don’t count.”

How do you think? What do you spend your time thinking about the most?

That is what you will get.

Always Loyal2U,

Kerry George