A commercial, profitable business that operates independently of your direct involvement.
Our vision: World Abundance Through Business Re-Education.
Re-Educate. There’s a multitude of individuals vying to teach you how to become a better doer.
Verne Harnish CEO Bootcamps. Tony Robbins Workshops. Grant Cardone 10X. Darren Hardy Business Master Class. Keith Cunningham 4-day MBA.
However, becoming a better CEO is not the responsibility of the owner—it’s the work of an employee.
“But Mike, Jeff Bezos owns Amazon and seems to be doing well.”
That’s just one piece of the puzzle.
While Jeff Bezos founded and expanded Amazon, he currently owns only 10% of the company. He serves as the executive chairman of the board, not the CEO. As an executive chairman, he could be removed, a characteristic of being an employee.
Warren Buffett owns 16% of Berkshire Hathaway, making him one of the wealthiest individuals on the planet.
However, 70% of Berkshire Hathaway is owned by institutional investors. If they wished to remove Buffett, they could (although nobody in their right mind would want to fire Warren Buffett, but that’s a separate matter).
The common thread among the super-wealthy is that they don’t “own” their businesses in the same way small business owners do.
They have created something that investors desire a stake in. They sell that stake under favorable or unfavorable conditions and become employees themselves.
This process is known as creating an asset. In contrast, most business “owners” simply create their own jobs.
And my friends, that is one of the key distinctions between owning a business and being employed by your own business.