Never-Before-Seen Insights Of A Small Business Owner

It is quite funny that most small business owners have similar characteristics informed by their insights. Some of the characteristics of small business owners have been outlined below.

They are driven by passion not profit

Most small business owners are fulfilled at having their business and not really because of the profit it generates. The thought that they own their business fills them with joy. If a typical small business owner is offered a job that will fetch him thrice the amount his business generates , he will likely turn down the offer immediately without having a second thought.

They are obsessed with learning

Most small business owners never stop learning. They believe so much in acquiring more knowledge. Their hunger for knowledge is insatiable. They seize every opportunity at their disposal to learn. This is why they read a lot and they encourage their children, staff and protégés to always read. In fact, most of them have a library of rare collection of books.

They work round the clock

Small business owners work wherever they are. This is why they go about with their tablets. They do not close for the day. When they leave their office, they continue work at home. The ones that have a chauffeur driven car work in their car. If you work in a small company and you send your CEO an official email at 1am, don’t be surprised if you see his response just 5 minutes after.

They are open to ideas

Most of them are very open to ideas that will move their business forward so they keep encouraging their employees to come up with innovative ideas.

They believe in hard work

Small business owners believe so much in hard work and they usually reward it. They reward their employees that have put in more efforts than others.

They are very observant

When it comes to their business, very little escapes them. They are very observant and they have very sharp memory

They are usually hard to impress

The only reason they employ people is because it is not possible for them to handle every part of their business. They would have loved to do it by themselves. So, it is almost impossible for small business owners to be impressed. May be that is why they are very good in spotting errors.

They also receive salary

You might think being the CEO will make them spend the company’s profit on personal needs. They simply don’t. They will rather fix a salary for themselves and include their name in the company’s payroll like other employees.

They take risk

Small business owners believe that you can’t achieve success without taking risks. So, when they have any business idea, they will execute it. To them, not trying is worse than trying and failing no matter the amount of money they lose. In fact, they don’t seem to have problems with losing money on a failed business. They see it as part of business.

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