Category: Work Mindset
Prelude: The preference for an employer mindset over an employee mindset is subjective and depends on individual goals, values, and circumstances. Many of us would like to pursue entrepreneurship versus having a typical 9-5 job. Entrepreneurship has many benefits such as thinking like a business owner, having no ceiling to your earning capacity, having greater flexibility and autonomy in your work, not having to report to a boss, leading other, etc. The problem is that not everyone is wired to be an entrepreneur. Many people prefer working for a salary, having a secure paycheck at the end of the month, working within a set time, performing assigned duties and reporting to superiors setting deadlines. If you prefer security over freedom, stick with it. But, if you are like a select few who feel the itch to be their own boss, then embrace the intimidating world of entrepreneurship.
Issue: Do you want structure and security or unpredictability and potential for unlimited financial freedom?
Solution:
- Determine if becoming an entrepreneur is just an idea or a burning-consuming desire. Is the itch to be your own boss something that has been in your heart you for a while, or is it a passing thought?
- Next, go deep within and truly think through what kind of person you are. Determine if you are:
- An entrepreneur;
- Want-to-be entrepreneur; or
- Person that takes pride in working for others.
- Once you honestly answer the previous question, it will be easier to make the decision. You gut should give you an immediate answer.
- If you are a natural born entrepreneur, great! Go in all the way.
- If you are a want-to-be entrepreneur, do you have what it takes to be one? It could simply be a desire but not a commitment.
- If you take pride in working for and following someone else, that is fantastic! Keep doing what you are doing.
Conclusion: It takes time and practice to adopt an entrepreneurial mindset. Being a business owner is natural for some, learned for others, and not a great fit for many. Review the below chart and choose your future. You will not know until you try. Have the courage to change the course of your life. if your spirit continues to lead you in that direction.
| ENTREPRENEUR | EMPLOYEE |
| Leader | Follower |
| Embraces freedom | Embraces security |
| Works for self | Works for someone Else |
| Self-accountable | Held-accountable |
| Can say no | Must say yes |
| Can delegate | Has to do it all |
| Take risk | Play it safe |
| Unpredictable schedules | Fixed time |
| Control the time | Time is controlled |
| Future-focused | Now-focused |
| You choose the direction | Direction is chosen for you |
| Ways to reduce taxes as a 1099 | Taxes deduction via W2 is automatic |
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