Sunday, June 21, 2009

Getting Started, Starting Your Own Business

This was inspired after reading the following article on The Wall Street Journal:
http://online.wsj.com/article/SB10001424052970204475004574127134005990974.html

Starting a business without experience can be most difficult, particularly when any previous jobs you've held never fully gave you a grasp on the whole picture... all the responsibilities of ownership. It's fantastic that these folks got their start, but if they really want to do something different than having another "job in a business they just happen to own," they'll need to focus on ways of getting out of the business, or in other words, making it so that the business' success isn't reliant on their presence or direct input. Reading through this article I thought of quite a few ways that this is possible for each of the showcased businesses. Understanding this is just one of the core competencies that makes the difference between a business owner and a true entrepreneur.

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