The Found Podcast with Molly Knuth2 Touko 2023

Episode 136: Small Business Owner or Entrepreneur?

Hey there, reader! Happy small business week! (And teacher appreciation… and nurse appreciation..) What a travesty that all of these incredible people have to share a single week! This week on the Found podcast we are focusing on you, the small business owner. Or you the entrepreneur. Which is which? Can you be both? This solocast breaks it down. Key Takeaways

If you, like me, identify as a creative, you might love the doing and creating in your business but maybe aren't as confident in making money decisions. My friend, Sheila Hansen CPA, is my secret weapon and is booking a limited number of Intensive Days in 2023. If you are considering outsourcing bookkeeping or financial services, this is THE way to get started. I have worked with Sheila in many capacities but especially valued our intensive day together back in October 2021. Learn more on Sheila's website on the services tab. (P.S. Sheila has been a guest on the podcast before!)
I used to use the terms "small business owner" and "entrepreneur" interchangeably: "There isn't a better, there is only a different, and that is okay."
To describe the difference in the two titles I'm referencing an oldie-but-goodie 10-year-old article from Entrepreneur magazine.
"Small business owners have a great idea, while entrepreneurs have big ideas."
Small business owners add their own flavor to a blueprint that is already in place, while entrepreneurs think bigger and take more risk and chance.
Small business owners have a dependable, repeatable process with margin for profit, and with time and consistency that business will keep them employed and in the mix of the business dealings. Entrepreneurs like profit too but will often answer the little voice that says "what if we try it this way instead."
Small business owners are part of the day-to-day and have a direct hands-on role in making sure everything is completed. Entrepreneurs is thinking out far ahead and depending on a team to carry the weight of day-to-day tasks.
Small business owners are sentimental with their business while entrepreneurs are focused on scaling and selling.
A healthy economy needs both entrepreneurs and small business owners. Your own business sometimes needs you to be a mix of both. I started MKM as an entrepreneur when social media marketing wasn't a thing yet. I moved into the headspace of a small business owner to secure a dependable income and profit for my business. Now I'm enjoying a flow back to a more entrepreneurial mindset and enjoying the ride.
I literally cried happy tears the first time I used Flodesk for my email list. Not only was it BY FAR the easiest platform I had tried, my emails were beautiful and matched my branding! Use my link for 50% off Flodesk.

Connect Find me, Molly Knuth, on Instagram and Facebook. Follow Molly Knuth Media on Facebook and Instagram.

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