Business Owner or Entrepreneur ?
RequiredRequired Question(s)

 There is often confusion between the terms Small-Business Owner and Entrepreneur. Both can have small businesses, but they have different styles of mindset, leadership and thoughts on running their business. One is not better than the other, they're just different.

 
Australia needs Business owners to hold the economy and Entrepreneurs to propel it forward.
 
One isn't better than the other. But the question is:  
Are you a small-business owner or an entrepreneur? 
 
How do you fit in to these ten (10) scenarios? Complete the Self Assessment. 


CONFIDENTIALITY  
The information contained within this questionnaire is confidential information, intended only for the use of Mark Carn of 'My Business Growth'  and the person completing this questionnaire.
 
Read each section which contrasts a Business Owner and Entrepreneur.
Then rate yourself on the second heading, that of an Entrepreneur for each section.
Rate from 1 to 10 per the scale below:-
 
1.    Very Very Low, don't do this at all;
5.    Mid Range;
10.  Extremely good, brilliant, at the highest level for this concept, do this all the time.
 
Be honest in your answers,there is not right or wrong rating.
 
Required 1.
Small-business work in the business
They are the technician in the business. They are doing the plumbing, cutting the hair, flipping the burgers or doing whatever is the operations of the business. They rarely get time to do anything else. (They are the 'Technician' level per the book E-Myth Revisited - Michael Gerber);

Entrepreneurs work on the business
While they may work in the business initially or work in the business some of the time, they make the time to work on the business. They are thinking ahead, they are planning, they are marketing, building partnerships, innovating, they are looking to ideas so they can grow and scale the business so they don't work as much in the business medium to long term.
10  
 
Required 2.
Small-business owners hold steady
They like to know what's coming next and where it's coming from. They make calculated decisions where the outcome is clear. The result may not be huge, but it will typically keep them moving forward.

Entrepreneurs love risk
They step out on a ledge more often than not. They jump in with both feet knowing that if they put in their full effort, the risk will be worth it more often than not. They are keen to get out of their comfort zone and explore new frontiers.
10  
 
Required 3.
Small-business owners have a great idea
They solve a problem in their community. They know their business and target audience. They know what will make their customers happy. They serve their customers.
 
Entrepreneurs have big ideas
They dream big. They think big. They come up with ideas that haven't been tested, diagnosed, or worked through. A lot of times they don't even know if their ideas are possible, which gets them even more excited.
10  
 
Required 4.
Small-business owners think about the things they need to finish this day/week
They have daily and weekly to do lists. They manage employees, work with customers, network with new customers, and keep everything rocking and rolling on a daily and weekly basis.
 
Entrepreneurs are thinking ahead 6-12 months or even 2-5 years
While their team is thinking about what they're doing that week, they tend to skip the now and focus on the future of the company. They have people to manage the business, and if they don't, they soon will.
10  
 
Required 5.
Small-businesses owners are sentimental with their businesses
They never plan on selling or handing their business off to someone else unless it's family. They like making the decisions and running the day-to-day. 
 
Entrepreneurs focus on scaling and massive growth
They want to grow and grow they will quickly. Although they may not focus on selling the business, they set it up to run without them. They surround themselves with experts while they are the rainmaker.
10  
 
Required 6.
Small-business don't improve themselves
They are re-active rather than pro-active. They think that no one knows their Business or their industry better themselves. They are happy to keep the status quo and stay where they are at.
 
Entrepreneurs are always looking to grow and improve themselves ongoing
They know that what got them here, won't get them to where they want to go. They are always looking at ways to strengthen themselves, their knowledge, business strategies, mindset and entrepreneurial skills.
They like to have an outside perspective and often have a Coach/Mentor/Advisor and enjoy accountability to reach their targets and vision. They are always looking to improve, grow themselves and their business. They know that just one new idea or strategy can pay for any investment made.
10  
 
Required 7.
Small-businesses don't mix often
They don't get out much and mix with others, or if they do, they associate with those at the same level or below. They sometimes think that this is a waste of time.
 
Entrepreneurs are mixing with others 
Entrepreneurs are about improving themselves. They mix and mingle with other like-minded Entrepreneurs and people who are at a higher level themselves. They network, they go to conferences, training, speaker events, breakfast, business functions. They know that this is a good investment of time and will help them with their vision, goals, motivation and mindset to go to the next level.
10  
 
Required 8.
Small-business try to do most things themselves
They have the attitude 'no-one can do this as well as me. If it is to be done, I will have to do it myself. They are reluctant to use others, or if they do, they tend to 'micro manage'. They work hard and long.

Entrepreneurs use the concept of 'Leverage'

They are always looking to do something easier, quicker, cheaper and better. They leverage their time, resources, knowledge and use technology to get faster and more sustained results. They work towards doing something once, getting long term results. They are thinking about working smarter, not harder.

10  
 
Required 9.
Small-business look at challenges as bad
They see challenges as a difficulty that are hard to overcome. They think negatively at times, why does this happen to me, they focus on the problems and can't see past the issue. They struggle to move forward.
 
Entrepreneurs look at challenges as good
They know that a challenge is there to be conquered, something to stimulate them and use their positive mindset to meet and beat the challenge presented. They know there will always be setbacks, disappointments, slow times, however they can overcome any issue presented.
10  
 
Required 10.
Small-businesses are down near the bottom of the 'Entrepreneurial Ladder'
They work in the business and don't have the knowledge, motivation, desire or thoughts to make change or do things differently in the future.
 
Entrepreneurs are about climbing the 'Entrepreneurial Ladder'
While they may start at the bottom, an Entrepreneur is thinking about how the can move up the ladder. They have the aspiration and the outlook to improve themselves, their business, their knowledge and mindset. They want to move up the ladder as they know the business is just a step in their commercial livelihood. Employees earn money, Business Owners make money and entrepreneurs earn and collect money and investments.
10  
 
Required 11.

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