It comes down to this. Just because you can do the work does not mean you have the business acumen to run a business. Running a business has almost nothing to do with what the workers do.Hereu2019s what running a business entailsFinding the right location to set up shop by doing market research and traffic pattern research. Then securing a good lease.Having the money to weather the inevitable ups and downs of the first year or so.Hiring the right people and firing the right people (firing isnu2019t as easy as it sounds).Keeping good records of everything.Accounting or knowing who to hire as an accountantBookkeeping (different from accounting)Understanding that no-one will be able to do things u201cyour wayu201d. And being able to be OK with 80% of your perfection. (still strive for 100 but accept 80). This tends to be one of the hardest things to get past for people who are really good at the thing their business does.Understanding labor laws.Pricing your product. (Not simple in the least).Communicating your ideas to your employees.Communicating with the outside world.Advertising/PromotionKnowing when and how to give to charities. (They come knocking almost every day in some industries). Quick note, companies canu2019t write off charitable contributions unless they are cash or in some cases cash equivalents (gift certificates). If a restaurant donates a dinner to your church they canu2019t write any of it off since they are already writing off the labor and food costs and thatu2019s all they really donated. At the same time because they did the dinner for your church, they not only had to pay for the food and labor, but they likely lose out on doing another dinner that would pay.Dealing with politics. Not only the governmental kind but the politics of all the different trade organizations and chamber of commerce etc that will ask you to join. If you do join one make sure you are extremely active in it or you will get no benefit for your money and could even be seen negatively by the other members.Dealing with external forces. Competition, regulations, changing traffic patterns, weather etc.Actually being able to do the work of the company.Most of this has nothing to do with being good at the work of the company. So itu2019s easy to see why a lot of great chefs/mechanics/salespeople etc donu2019t make it as an owner.