Have you ever considered the question about why people choose to go into business for themselves. I've met some people who think that it will be easier than working for somebody else. Boy are they in for a surprise if they ever try it. The hardest working people I know are self employed. I've heard others talk of financial security and yet others just site greater income as the reason.
There are many misconceptions about being self employed. First of all, you do not start your own business for financial security. If you want finacial security you keep working for somebody else so that you can count on a consistant paycheck coming in every week. People who choose to be self employed do it not for financial security, but rather for financial freedom.
We like the idea that we are in control of our own financial success. Nobody else decides what our work is worth. Noboldy else decides how much work we are allowed to do. And when we work it is for our own benefit, building our own fortune, rather than building the fortune of somebody else.
As I said before, we definately don't make this choice because it is easier than being employed by others. I've found myself, that I work harder for myself than I will for others. Also, as before mentioned, I have found that the hardest working people I have known are business owners.
So how about the greater income? Well, many times at first you have to work hard to make ends meet. But if you are persistant and stick it out through the hard times, you will tend to make much more money than you would working for others. Let's face it. Even if you are making a great salary, the fact that someone is willing to pay you the amount they do, is because they are one way or another making a profit from those services.
If you are thinking of starting a business just remember. Most business owners are grossly underpaid at the front end, and grossly overpaid at the backend. Stick with it and I'll see you at the top.
http://www.hartlinefinancial.com/
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Happy New Year Alex,
ReplyDeleteThis is one of my fav subjects. I am an entrepre-nerd - started as a child - continued as an adult while sometimes working for a boss. For the most part, I have always had something going on the side but mostly, I was all in - if I didn't make a sale, the bills didn't get paid. For some of us, it's a drive - the ideas keep showing up no matter what - can't stop them.
To be entrepreneurial, requires energy, devotion, cunning, thinking power and love - lots and lots of love.
No one of any importance to any field of endeavor has an easy time getting the job done. Anyone who makes an impact on their own life and their loved ones have similar traits.
Failure is eminent - if you aren't friends with failure, you don't have the proper support. Great article and blog - thanks for being there!
Margaret