I use the venture capitalist definition of a business owner vs an Entrepreneur. Where a business owner is someone who physically does what the business was launched to do, usually targeting a local market and using the surplus profits to finance their lifestyle.....and an Entrepreneur as someone who organizes a business to target a high growth market, with the goal of an ipo or sale.
Because a "business owners" venture can become a growth venture (i.e Subway or Dell Computer), I personally think it only matters during the startup phase that you choose to label your role as an entrepreneur instead of a business owner.
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Erick Tyree-Dillard



