As I visit with business owners and business supporters around the region, one thing has become apparent to me—some businesses are treated like paychecks while others are treated like investments.
A Paycheck Business
A paycheck business produces monthly income for as long as it exists. It is truly a paycheck, nothing more, nothing less.
An Investment Business
An investment business pays dividends in the form of steadily increasing income and appreciates in value over time.
This is an excerpt from my latest blog post. To learn about the difference between running a business that looks like a paycheck and running one like an investment, check out my strategic blog.