Are You Destined to Be a Visionary Executive or a Hands-On Operator Entrepreneur

There are different types of entrepreneurs: some are more like directors who design big plans, and others get their hands dirty, involved in every daily detail. Many believe that being a good entrepreneur is a matter of luck or charisma, but in reality, it’s about understanding and applying certain basic rules of the business world.

Definition of Roles

Executive Entrepreneur:

• Plans strategies and supervises executives under their command to ensure that things go according to plan.
• Focuses on leading from above, maintaining an overview without directly involving in day-to-day operations.

Operator Entrepreneur:

• In addition to planning, directly involves in daily tasks.
• Knows their business inside out and is always where the action is, ensuring that each operation reflects the strategy and goals of the business.

Basic Business Rules Being a good entrepreneur, whether you’re an executive or an operator, means knowing universal rules that everyone in business should follow. These rules have nothing to do with luck, but with understanding how things work in the business world.

Example of a Universal Rule: The Game of Monopoly

• Think of Monopoly, where players buy properties and collect rent, but the bank never loses. The bank always has resources and controls the money and properties.
• Golden Rule: In business, being like the bank in Monopoly means having control over your resources and money. This is key to keeping your business afloat and thriving.

Practical Advice: Manage Your Capital Like a Bank

• Consider managing your capital as if you were running your own bank. After covering operational expenses, reinvest the surplus strategically within your business.
• Instead of depending on external financing, use your own revenue to fund expansion projects or improvements, ensuring you “repay” this internal financing with higher interest rates than any commercial bank would offer. This practice not only strengthens financial self-sufficiency but also fosters responsible and sustainable business growth.

And returning to the Executive and Operator Entrepreneurs, here too, there are Universal Laws that you could learn to ensure that in your game, you are like the bank in Monopoly. We are available to train you on the natural laws of business management.