In business, one cannot rule out the possibility of making mistakes. It could mean the temporary end of the business.
However, while a business owner that understands this fact would forge ahead with the experience behind him or her and eventually achieve success, most organisations would fire an employee who makes a costly mistake.
Notice I used the word temporary because every bad experience can be overcome, every difficulty can be conquered and there is no problem without a solution.
Once you understand this, your approach to problems will certainly change from one of fear to one of a valuable learning experience.
There is a limit to the amount of money one can earn from paid employment and any increase in employees’ earnings is dependent on the organisation’s earnings because an organisation cannot pay more than a certain amount as salary to enable it meet its other financial obligations.
Secondly, one’s earning capacity as an employee is dependent on one’s efforts alone because you are paid for the work you have done for the period under consideration.
In business, one’s earnings is dependent on your effort and the efforts of employees and one’s earning capacity is therefore higher because you are the owner and are paid for everyone’s efforts.
When one is in paid employment, you are under someone’s supervision and that makes you do things you would not feel like doing: resuming work at the right time to do your job and also putting it the extra hours required to finish special projects.
As a business owner, you are free to do your own thing. But there is a time discipline that is required at the initial stage similar to when you work as an employee to allow the business grow.
You’ve got to remember this very important point because it would mean doing things when you don’t feel like even though you are the owner of the business and can do things when you want.
When you are in paid employment, there is a way things are done that you may not like and you would want a change. If your employers do not agree with your views, there is a limit to the impact you can make, even if it is a positive one.
As a business owner, you make the decisions and are free to apply whatever views you feel is necessary to carry your business to great heights. It means you must have vision as the leader of the organisation.
But you’ve also got to note that your employees that do the actual job have their own views for you to consider and apply on how to improve the business.
It would certainly make them feel as a part of the organisation and would help them come up with better views next time.
All said, which of the sides would you want to be found, employee or business owner? If your decision is paid employment, always remember that a day would surely come when your services will no longer be required and you would have to do something to fall back on.
You certainly would not want to start working at an age when you should be retiring and resting. No matter how much work experience you have in someone else’s organisation, it may not be sufficient to see you through your own business at the initial stage unless you reached the very top as CEO as an employee.
There are certain things required as a CEO who oversees all aspects of the business quite different from someone working in one department.
If it is a business owner you want to become or are already one, I encourage you to forge ahead because in your latter days in life, you would always have something to fall back on as an experienced business owner and would hand over to competent hands to carry on when you retire from active work.
Great wealth can only be gotten as a business owner for the aforementioned reasons in this piece.
More wealth secrets next week.
© copyright Gabriel Ama
------------------------------------------------------
Click HERE to access insider secrets on how to start a business on Amazon, how to build it and profit from your efforts!
------------------------------------------------------
No comments:
Post a Comment