daily articles for founders

Self-employed vs business owners  

Derek Sivers makes a great point, illustrated by an engaging story:

There's a big difference between being self-employed and being a business owner.

Being self-employed feels like freedom until you realize that if you take time off, your business crumbles.

To be a true business owner, make sure you could leave for a year, and when you came back, your business would be doing better than when you left.

This is absolutely correct, and, as Derek mentions is straight out of Michael Gerber's E-myth book. Gerber makes a number of other points. I strongly recommend reading the book.

More from the library:
Attention infrastructure vs fundamental businesses
How to work as a CEO/COO team
Retention and startup context
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