Comments on: The Entrepreneur Manifesto http://www.npost.com/blog/2009/12/16/the-entrepreneur-manifesto/ Connecting Startups with Talent Since 1999 Fri, 27 May 2011 04:20:51 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Tony Wright http://www.npost.com/blog/2009/12/16/the-entrepreneur-manifesto/#comment-609 Tony Wright Wed, 30 Dec 2009 21:17:16 +0000 http://www.npost.com/?p=4051#comment-609 Funny thing about entrepreneurship.... It's statistically a pretty lousy way to get a big paycheck. Most small business owners (when surveyed) say that they make LESS than they'd make if they got a "real" job. The greenback motive is a good one-- but profit isn't always the way to get there. If you really want to be rich, an exit of some kind is a likelier way to get there, which means that you should focus on being worth buying. One way to be worth buying is to have a mess of profit, but there are other metrics that buyers care about... Some of them care quite a bit MORE about growth, brand, team, etc. You can always sell a profitable business but for some profit just isn't the easiest (or the smartest) path to get there. (note: it is for me, though!) Funny thing about entrepreneurship…. It’s statistically a pretty lousy way to get a big paycheck. Most small business owners (when surveyed) say that they make LESS than they’d make if they got a “real” job.

The greenback motive is a good one– but profit isn’t always the way to get there. If you really want to be rich, an exit of some kind is a likelier way to get there, which means that you should focus on being worth buying. One way to be worth buying is to have a mess of profit, but there are other metrics that buyers care about… Some of them care quite a bit MORE about growth, brand, team, etc. You can always sell a profitable business but for some profit just isn’t the easiest (or the smartest) path to get there.

(note: it is for me, though!)

]]> By: Dylan Peterson http://www.npost.com/blog/2009/12/16/the-entrepreneur-manifesto/#comment-608 Dylan Peterson Mon, 28 Dec 2009 16:03:35 +0000 http://www.npost.com/?p=4051#comment-608 Here here! Here here!

]]> By: Top Politically Incorrect Marketing Articles of 2009 The Aquarium http://www.npost.com/blog/2009/12/16/the-entrepreneur-manifesto/#comment-607 Top Politically Incorrect Marketing Articles of 2009 The Aquarium Fri, 18 Dec 2009 18:20:38 +0000 http://www.npost.com/?p=4051#comment-607 [...] Kaiser of Npost on why being money-grubbing isn’t a bad [...] [...] Kaiser of Npost on why being money-grubbing isn’t a bad [...]

]]> By: Danielle Morrill http://www.npost.com/blog/2009/12/16/the-entrepreneur-manifesto/#comment-606 Danielle Morrill Thu, 17 Dec 2009 09:37:40 +0000 http://www.npost.com/?p=4051#comment-606 Yes. Yes.

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