Ep. 166 - What is Business Ownership?

05/03/2025 4 min
Ep. 166 - What is Business Ownership?

Listen "Ep. 166 - What is Business Ownership?"

Episode Synopsis

There are fundamentally 3 things that set the owner apart: Risk, Responsibility, and Reward. 
The owner takes a risk to initiate and operate the business, takes responsibility for everything in the business, and is rewarded in return for his risk and responsibility.
Risk, Responsibility, and Reward are what distinguishes the business owner from other stakeholders. Risk, Responsibility, and Reward is Business Ownership.