Knowing the difference between a soloprenuer and a business owner can be the single deciding factor that will determine the success of your business. Once any entrepreneur understands this difference then they can strategize accordingly to chart the course of success OR mismanage their way to failure.
A soloprenuer is ‘a person who performs all duties related to their business alone, while taking on greater than normal financial risks to do so’. A business owner is defined as “an individual or entity who owns a business entity in an attempt to profit from the successful operation of the company.”
Based on these textbook definitions, the differences between the two are: Risk Management and Profitability. Soloprenuers are defined by the riskiness of their business ventures while business owners are defined by their pursuit of profit.
In addition, the unspoken difference between a soloprenuer and a business owner is the fact that a soloprenuer can leave nothing to their heirs, whereas a business owner can leave a legacy by handing down their business from generation to generation effectively leaving behind generational wealth.
Now that you know the difference between a soloprenuer and a business owner, which one are you?
Are you ready to take the plunge to the next level and leave Generational Wealth?
“My Success Project: Business Edition” is a 4-week virtual incubator designed to transform solopreneurs into business owners. This experiential curriculum was designed for the solopreneur who has committed to transitioning their business from a risky time sucking beast into a profitable enterprise that can be left to their children’s children. Taught by business owner, real estate investor and author Nicole Purvy and business owner coach Tamara Varella ‘My Success Project: Business Edition’ will take business participants on an 4-week virtual accelerated intensive journey covering over 15 areas of business that once mastered can elevate the individual from barely covering expenses to having automated systems that rake in hefty quarterly profit distributions in addition to bringing home regularly scheduled weekly compensation payments. With over a combined 25 years in business ownership experience and combined business revenues of over $2 million in 2020, Nicole and Tamera have joined forces to create the ultimate blueprint for business ownership success.
Participants in this Incubator will learn:
- The 3 Layers to Business Manifestation
- The 3 Phases of Business
- The 13 Types of Business Models
- “Calculate IT” – THE Efficient Time and Resource Management Strategy
- Proper Income, Expense, and Profit Management
- Effective “Charismatic” Branding Strategies That Convert
- Sales Training and The 4 Step Sales Conversation Mastery
- The M.A.G.I.C. Website Formula
- 4 Ps of Marketing
- The 7 System That Every Successful Business Needs
- The Anatomy of an effective SOP
- Proper Team Selection and Human Resource Management
- 5 Ways to Increase Profits
- The Profit Quandary/The Tax Game
- Types of KPIs and KPI management
- The BTS Sales Equation
- Plus much more
Secure Your Spot in this incubator and transition your business from a risky time sucking beast into a profitable enterprise that can be handed down for generations to come…
***Tickets and Portions of full ticket prices are non refundable***