"**Entrepreneurship is alchemy – the process of starting with nothing and creating something of value** – whereas administration is the process of starting with assets and making money from them. This explains why so many entrepreneurs pour so much energy into their business and get so little back in return – **they confuse the roles and either fail to create an asset or fail to commercialise what they have**." ([Location 349](https://readwise.io/to_kindle?action=open&asin=B071L8C8NV&location=349)) --- **Tags** -- [[quotes]], [[entrepreneur]] **Source** -- [[202407181017 - B - 24 Assets]]