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Journey from Startup to Business Owner [AlleyWatch]

Thus, in my view, entrepreneurship is an evolution of an idea through a series of developmental stages culminating in a self-sustaining business. A business is an entity which exchanges goods and services with people outside the business (customers) for money, social good, or something of equal value. Here is a summary of the key stages along the way:

  1. Idea and seed stage.
  2. Startup and development stage.
  3. Funding and rollout stage.
  4. Growth and scaling stage.

Another way of determining when an entrepreneur becomes a business owner is to look for the mindset change required to build and maintain a successful business. Every entrepreneur needs to compare his strengths and aspirations to this business mindset:

  • Satisfaction from business success versus the big idea.
  • Seeking a stable environment now versus a better future one.
  • Relish repeatable activities and processes versus new challenges.
  • Long-term attachment to the business versus the idea.

Curated from “When Does an Entrepreneur Become a Business Owner [AlleyWatch]

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Gresham Harkless Jr.

CBNation helps entrepreneurs and business owners succeed with visibility, resources and connections. CEO Blog Nation is a community of blogs for entrepreneurs and business owners. Started in much the same way as most small businesses, CEO Blog Nation captures the essence of entrepreneurship by allowing entrepreneurs and business owners to have a voice. CEO Blog Nation provides news, information, events and even startup business tips for entrepreneurs, startups and business owners to succeed.

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