One of the main reasons most businesses don't succeed is because people don't understand the difference between an entrepreneur and an employee. A true entrepreneur doesn't work in his business. A entrepreneur creates jobs for other people. An employee works in the business. That's the reason why there are so many business failures today. We have too many employees who don't know how to be an entrepreneurs attempting to run businesses. You cannot run a business with an employee mindset.
Employees and entrepreneurs are two different people, although none of them are better than another. You can't compare them because their thought process is different.
Employees look for jobs, entrepreneurs create jobs. I've been talking to entrepreneurs recently and all of them share a common thing. They refuse to work for anyone. Employees feel comfortable getting a steady income and they "have to" work for that. They work because they have been taught that working is the only way to enjoy Singapore's 5 Cs (Cash, Credit Card, Condos, Car, Country Club membership).
On the other hand, entrepreneurs understand that there are people who are willing to work for steady income and so they create jobs for these people. It's then entrepreneur's job to create a team who runs the business for them. They go out and hire the smartest people who can run their business. Entrepreneurs hire the best managers and these managers hire brightest employees. Managers run the business as entrepreneur tells them to. That's why managers are paid higher than employees. Although the truth is, a lot of managers are actually smarter than the entrepreneurs.
Can you see their mind set? You don't have to be the smartest person in the world to be an entrepreneur. I read in one article that Sir Richard Branson cannot read financial reports, even after years being successful entrepreneurs. Of course, he has hired smartest Accountant to help him understand the even most complicated financial reports. Entrepreneurs need only to know how to create and demand respect -- and being risk-taker along the way.
Let's think about all the top paying jobs all over the world. The owners of these companies created and demanded respect. They created something of their own. People respect entrepreneurs. And now we know why they work for them. Let's take Steve Jobs for example. If he came to you tomorrow and offer you a job, surely you would take it -- will you? The reason you would take this job is because you respect Steve and his company, Apple. I'm pretty sure there are so many people working for Steve Job and Sir Richard Branson that are smarter than him. He gained those smart people's respect and now they are continuing to build his business.
Do you want to be an entrepreneur? Here's how you should tune your mind set.
You never want to work for anyone. you hate the word "job." Every time you think about working you get frustrated. As an entrepreneur you going to have to work but not like an employee works who work for steady income. you will have to work my brain to create my business and get people to work for you.
I will continue to post on this topic. Feel free to leave me a comment and let me know what do you think.
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