What kind of business do you want to run? One where you are an absentee owner or one where you are an owner operator? Not sure what the difference is? Click here for the long version, or read on! Okay, here we go: an Absentee Owner is a business owner who can leave their business alone and not be involved daily, yet still run an effective business. An Owner Operator business is just the opposite – where you as the owner are down in the trenches working everyday within your business. Interested in learning more about the two types of owners? Then head to www.hands-onsolutions.com where you can find lots of articles and resources on the topic.
I think it’s pretty obvious that we all hope to become an absentee owner where we can just let out business run and not have to worry about whats going on all the time. With techniques such as outsourcing, automation, and utilizing technology, this is more achievable now then ever before. Guys like Tim Ferriss talk about it their books all the time. However, as a young entrepreneur, sometimes it’s hard to set up your business that way from the start and you have to start out being an owner operator and living in your business day to day. Plus, your business is your baby, and at such an infant stage, you don’t want to just abandon it, now do you?
As you grow your business, streamline your activities, and determine what actions make you the best return for your time, you can start to slip into the ‘absentee owner’ mode and start to let your business just run by itself. Think you can handle that? One of the great things about the interenet is that it allows you the chance to make it happen much more quickly then when everything was “brick and mortar” based.
If you want to check out 63 other ways that absentee owners think and act differently than an owner operator, check out the website of Hands On Solutions, a Seatle based consulting services business. They’ve got a great archive of resources and articles on the topic!