Everyone loves the idea of being self-employed. Therefore, many of us would like to start up our own businesses and become our own boss. Before you do that, ask yourself if this sounds like you.
Are You an Entrepreneur or an Employee?
Today, there is only a small number of people who commit, and become self-employed. Some of us either have never started the process of starting a business, or others who do not have what it takes to be in the business industry. Taking a step in starting a business requires unwavering faith in yourself and a strict understanding of the difference between an entrepreneur and an employee. An entrepreneur should learn that the business and the owner are two different entities that can hold liabilities differently.
• Having the Proper Mindset
Your mindset is the sole factor in determining the kind of life you want to live. Success in life, whether in the business or in any other activity, is dependent on the mindset of an individual. An entrepreneur does not have to focus on one area of their business and perfect it, they have to learn how to be diverse and take everything they've learned so they can utilize all their experiences to find broader ways to support the business. The entrepreneurs have a broad spectrum of inter-relating activities that help to focus on their success. On the other hand, an employee gets paid to perform a specific duty for a company. Therefore, the primary interest for an employee is to have a constant income and security in life. For this assurance, the employee has to remain loyal and focus to develop someone else’s industry instead of following their interest. However, an employee can decide to change their passion to becoming an entrepreneur. You can learn the entrepreneurial skills from books or online, but if you don't have the proper mindset, you will not get far.
• Work Ethic and Perseverance
Employees inevitably end up counting the hours and days until Friday. Employees don't need to put in extra time and depending on their position, they can leave the responsibilities of the job when they walk out the door at 5. Employees also have the opportunity to hand issues off to their superiors and walk away from problems. Perseverance is the core trait that differentiates a successful entrepreneur from the rest. Hard work and determination is key to success in business because entrepreneurship is essentially the act of taking a step in faith. Many of the people in entrepreneurship find themselves in the tight situation of deciding whether to persevere through all the struggles or quit. Day after day, month after month, you need to work for long hours and invest more time than you think into things like marketing, website design, and branding. When you do this, after sticking to your work ethic and perseverance, your time will start paying dividends.
• Committed to Life-Long Learning
Many people continue developing in some particular skills or specialty throughout their life through learning. By committing to the life-long learning, they fasten their movement up the ladder of leadership. Entrepreneurs take the approach of leadership in a way that they adapt to the ever-changing market. The life-long learning helps entrepreneurs remain relevant, flexible, and skillful to handle every tight situation that they would come along. To succeed in any field of entrepreneurship, you commit yourself to life-long development to update on the developing issues in your specialty to remain relevant and improve on your craftsmanship. This life commitment helps one to learn the interest of people in different generations. Thus, you can reach out to the audiences and customers more comfortably.
For an employee to rise up the corporate ladder, they have to show their employer that they have a deeper drive than their coworkers. Without a promotion, employees can stop improving, stop striving to be better and in turn hurt the business by not pushing the company forward into the future. An entrepreneur can never stop. They don't always get praise for their work but it is part of the job. Entrepreneurship calls for humbleness for a business to succeed. As an entrepreneur, you should build on a strong team of workers whom you trust to delegate duties, learn more about your industry, and to be successful brand ambassadors. A humble entrepreneur does not think that only he/she has what it takes to make a business successful. One should give chances to the workers to prove themselves. Therefore, he/she can also have time to better their skills in other areas. Also, an entrepreneur should include his/her workers in decision making about steering the business forward. One should get ready to take all the opinions from the workers and learn to listen to them so that you can understand their challenges. The employees can help you determine the areas of improvement. Most importantly you evaluate every opinion and come up with an applicable solution to every situation.
So, what title do you relate with?
Do you relate to the employee who can work hard and push the company forward but at the end of the day, the responsibility of the company doesn't fall on you. Or do you relate to the Entrepreneur who through perseverance, work ethic, life long learning, and humbleness creates a life where they are their own boss and they get to pursue their passions?