Maybe you had this thought before – you have a sum of money and you wanted to grow it. You were wondering whether to start a business with this capital or to invest it instead.
The common perception is that business and investment go hand-in-hand and that they are akin to identical twins. Hence, some individuals can get confused about which path to take as though they are similar.
I have been an investor and an entrepreneur and I can tell you they are poles apart. A good investor is often not a good entrepreneur and vice versa. The choice should be so obvious that you should not even be in a dilemma. Let me explain the differences.
Entrepreneurs are definite optimists while investors are indefinite optimistsBorrowing Peter Thiel’s terms of definite optimists and indefinite optimists (from his book Zero to One).
As definite optimists, entrepreneurs believe that they
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