What’s the one most distinguishable difference between business owners & professionals (employees)? Why do some people have their own business & some do not?
Among the possible answers: need for self direction, ability to play well with others, etc… The number one determinant of whether a high performer will be an executive or business owners is their appetite for risk. Business owners are far more risk loving than employees who seek risk within the environment of a larger organization and steady paycheck which they perceive as more secure. The irony is that a business owner like myself has a diverse group of clients. When one goes I’m not devastated. Employees have a single customer. When an employee loses a customer it’s an enormous impact. Funny, huh?