The SuccessCare Program
The SuccessCare Program


Mom and dad won't talk
If I were having a conversation with the next generation member, a question I would want to ask is this: What did you and your parents agree to when you took the job?

Getting started with family governance
Family governance is a process or structure to educate and facilitate communication between family members.

15 lessons family councils wish they knew before they started
Whether you are just starting a Family Council or have had one for years, much can be gained by considering the lessons others have learned in making their Family Councils work.


Are You an Entrepreneur or a Business Owner?


Although the dictionaries do not recognize, identify, and define any real differences between an Entrepreneur and a Business Owner, they exist! They may both own/operate a business, but none-the-less they are totally different characters.

An Entrepreneur is a Dream Speculator, driven by "Creating a New Innovative Idea" or driven by the challenge of "Making a New Product/Service Successful".

The Entrepreneur may or may not set up or own their own business to market their offering(s). Owning the business is not as important as the vision, the possibilities, and the offering itself.

Business Owners may be entrepreneurs. They are more likely to be management and operations oriented. These non-entrepreneur owners appear less aggressive and often limit taking chances. They are more comfortable seeking products and/or services that have proven track records, or are known to be in high demand. They are best at buying into a franchise or simulating and duplicating competitive or existing businesses, or adding value to current in-demand offerings.

Is one better than the other? Not really. Success begins with knowing who you are, your strengths and weaknesses, and improving yourself. Trying to be "Somebody Else" works well for impressionists! Even then, they only focus on certain key characteristics. Many Business Owners are stronger at managing and operating their company. In fact, they are more likely to grow with their business. Their strengths allow them to deal with ongoing growth challenges, constantly adapting to such changing factors as markets, governments, resources and the like.

This article was forwarded by a business colleague and the author is unknown at this point in time.




  
© BDO Canada LLP | Privacy Policy | Shipping/Return/Refund Policy