Can an entrepreneur be a millionaire?

There are many paths to becoming a millionaire. You can do this by being an entrepreneur, a freelancer or a dedicated employee in an unpretentious job. But one thing you don't need is an inheritance. The vast majority of millionaires are self-made.

Of course, that's possible, but only a handful of entrepreneurs—of those 28 million small business owners in the United States—do. The difference between the two is the aggressive nature of most business thinking, and that is based on the fact that entrepreneurs actively promote their own business. As a result, hundreds of thousands of new entrepreneurs each year write business plans and raise funds for their own chance to become rich and create enough wealth for a lifetime. Frankly, what this company is doing is not considered one of the millionaire ideas of entrepreneurs.

The lie is perpetuated because entrepreneurs mistakenly confuse that a growing company makes more profit. Those who write about business experiences express less concern about taking time to think things through. Studies report that entrepreneurs tend to have the mindset needed to make money, and they become aggressive when they have developed something they consider to be the next big thing. A lot depends on the nature of your business and your specific circumstances, but it does mean that entrepreneurship is not an easy or direct way to enrich yourself.

You could devote two, four or six years to your business education, but it's not so much the degree itself that matters. The mentality of a successful entrepreneur or anyone who wants to gain wealth in their life means a lifetime of learning. The entrepreneur must be aggressive, but not without reflection, and must immediately determine the important decisions of those that can be reversed as needed. However, many “businessmen” still want to go out and get the best business card and get the office space in the most luxurious city.

If you become an entrepreneur just because you see it as a shortcut to getting rich, you may need to rethink your priorities. Millionaire entrepreneurs don't usually run small businesses, and small business owners don't usually earn their millions by self-employed.