Successful business owner is a person who has fun with his business. Most people know that it is fun to be in business you run by yourself. The idea of setting your own schedule rather than have it set by somebody else is tantalizing. It is imperative that business owners have passion for their businesses. If they lack passion for what they do, they are never going to be successful running a business. If you know that your competitors is passionate about his business, you need to be passionate about it too. Otherwise, he is going to have an edge over you and make more money than you.