A business owner may start a business with the intention of creating wealth or it may be a by-product of being rewarded by doing great things for customers.
The main way a business increases its value is by increasing profitability. Helping business owners to do this is the main purpose of my Business Coaching Blog.
A successful business will make the business owner or owners wealthy and rich.
Then there is a choice to be made:
- How much money is left in the business to fun further expansion?
- How much money is withdrawn from the business to create diversification of wealth, in case something happens to reduce the ongoing success and even viability of the business.
However business owners and entrepreneurs will often have different values. An entrepreneur may start a business and build it with the intention of selling it. A business owner often sees the business as the source of future income by continuing to own it.
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