And who said entrepreneurship = wealth? Where did that belief even come from? Everyone with a regular job seems to think they’re the only ones working, while entrepreneurs do nothing but lie on loungers under palm trees counting zeroes (poor things, exhausted already), sipping piña coladas. Nope. That’s what shareholders do, and maybe some lenders. Entrepreneurs are workhorses. They bust their asses from morning till night trying to make at least something for their benefactors. Because God forbid Uncle Capitalist comes along, calculates EBITDA, frowns, smacks his lips, and poof — no more business for the entrepreneur. That’s the thing. Small business or multinational corporation, financially an entrepreneur has only three jobs: find an interesting idea that will “definitely take off”; raise financing (debt or equity); and, importantly, return that money with a profit. As a reward for all that valiant labor, you may even get to keep a small piece of the cash flow or a couple percentage points of equity. Thank you. In effect, entrepreneurship is discretionary capital management, just in the real economy. And where’s the wealth in that? Right, there isn’t any. Wealth — or at least its material part — is capital. And capital has to be built. Yes, correct, then you’ll have to manage it too. Which also comes with certain risks: hand your money over to some freshly minted hustle-bro, and kiss it goodbye. Still, being a capitalist is better, don’t you think? Build capital. Manage capital.