Entrepreneur or Self Employed?

from Think daily (some days I hate reading his slap in the face)
Entrepreneur or Self Employed?
A person who is self employed gets paid for their own output. A doctor, a lawyer, an accountant, and lawn service where the owner is mowing himself; while they all may have helpers, they stop getting paid the minute they stop working. They are selling their time.
An entrepreneur understands they do not get paid for their own output or time. They get paid for the output of their team. Their job is to build the team of the right people doing the right things to get the right result, not to do those right things themselves. There is a big difference.
A self-employed person cannot scale themselves. An entrepreneur can.
A self-employed person's business does not outlive them and their efforts. An entrepreneur's can.
Which are you?

I'm self employed. This place will never be big enough for a staff, and vicariously seeing how difficult it is to sell as a business, it will disappear just like dewdrops on a rosebud when I hang up the apron strings.
The thing is, that doesn't make me feel bad about what I've been doing. I have been in a position to make a difference for some of my guests in very special ways and I have been enriched by the people I've met since becoming an innkeeper.
We're all different...

I am probably self-employed. No staff (will close before I would hire staff as I do not want to deal with the accounting entailed) since I am so small. However, IF all the moons and stars line up, I may have my buyer waiting in the wings when the time comes - IF I outlive Himself. AND I will convey details of the deal to my kids, in case I do not in hope they will abide by it AND she is able to get the $$$ by then. She wants to do a B & B nd I will be handing over one with a great rep.

I would think that in this business we are selling more than just our time as there is an investment in the physical property as well as our labor, now being small there may be limited hired staff, but if we operate successfully I would expect our businesses to out last us as individuals.

JimBoone said:

I would think that in this business we are selling more than just our time as there is an investment in the physical property as well as our labor, now being small there may be limited hired staff, but if we operate successfully I would expect our businesses to out last us as individuals..

Click to expand...

Sometimes the value of the property (for other uses) is much much higher than it's value as the current business, so if the time ever came to sell you wouldn't be selling the business, rather you'ld be selling the property for conversion to some other use (or I should say, whether you are selling it for that or not, that is what the buyer would be buying it for....).

Self Employed. Not looking to expand or gain any more 'market share' than I already have.
And loving it. A small, self-sufficient, thriving business.