Passion versus Profit – What drives Entrepreneurs?
Posted by klondike on 24 Jul 2008 at 03:22 pm | Tagged as: Start-up, Business
I have written about passion being a key driver for entrepreneur a number of times; Passion the poison pill, Entrepreneurial Characteristics, The 3P of Entrepreneurship and Stupid Passion. I am also a regular reader of Ben Casnocha blog and he recently had a post “Can Making Money Be the Main Driver for Entrepreneurs?” There was an excellent comment by one of his readers that I wanted to share with everyone:
All money and no passion = sell the business at a premium (say 5 years revenues) before it zags.
All passion and no money = find a co-investor to share the risk before you go belly up.
Lots of passion and lots of money = buyout competition before it becomes a threat.
Something to think about.
Cheers,
Ian Graham
