Monday, June 11, 2007

On Being an Entrepreneur

Seth Godin on Being an Entrepreneur

"The first thing people considering starting
a business should do is ask themselves -
honestly - whether they're building
a freelance venture
an entrepreneurial venture.

A freelancer gets paid to work.

An entrepreneur makes money
while she sleeps.

There's nothing wrong with freelancing -
with creating something interesting on
a bespoke basis.

It's like having a job,
but you're the boss.

But you have to recognize that
at the beginning and build the
business accordingly.

You shouldn't raise money,
you should keep costs low,
and so on.

An entrepreneur, in contrast,
raises money and hires people
to do the work so that she
can focus on growth."

(Source: the BusinessWeek website)

Mike Stokes

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