Who Is A Business Owner?
Definition:
The Business Owner owns either majority or partial stake in a profitable business that provides monthly, quarterly or annual profit distributions. There is a well-oiled team running the business and while the Business Owner may be part of the team, they are completely replaceable at a fair market rate without damaging the integrity of the business.
As a key differentiator, the Business Owner can take as much time away from the business as desired without adverse affect.
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