Assuming you go on a one-month vacation with your family now, what would happen to your business? Would it lack behind simply because you are not around? Or would it still be up and running because someone is there to take care of it? If your business would suffer loss because you are not around then you are a business operator. Now compare this illustration to the definition of a business owner examined below.
The term business owner is used to qualify an individual or a group of individuals who are in control of handling the monetary decision of a business. Beyond this, the business owner handles the operational decision-making process and determines who or whom not to delegate job functions. The business owner is in a simple term the owner of the business. He either co-owned the business with other people or is the sole owner.
The business owner has the ultimate authority to decide who and what to delegate to any person in the company. The business owner is the only one with the power to make a net profit at the end of the year, he or she can decide to reinvest the money into the business or use it as decides. He or she is also carried along in the salary process of every worker in the company.
To determine if you are a business owner, the simple question to ask yourself is “are you running your business, or is it the other way around?” The fact that a business owner owns the business and wants to be involved with every decision-making process of the company or business doesn’t mean he or she should work as the business operator. According to Tony Robbin of Business Mastery, the business owner is “ a business owner is an ultimate strategist. An owner maximizes his or her business by leveraging not only their own ideas but the abilities and strengths of the talented individuals around them.
Are you a business owner looking forward to being on top of every customer’s list in the global market? If you are yet to be on Bixex, achieving this might be a difficult feat. join other business owners on Bixex by downloading the app on Google or Apple Play Store or visit www.bixex.com.
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