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people seems to think that once they quit their jobs, register a company
with some savings and/or borrowed money from friends/relatives and made
themselves directors, they are the biggest boss around. "Hey, I
am a director now!"
If you read closely at Rich Dad Poor Dad, there is
a statement that often goes unnoticed but I feel it's very important
for anyone who wish to setup their business. It was when rich dad first
explained to young Mike and RK about working for free.
You see, we're all employees ultimately. We just work
at different levels, said rich dad. Rich Dad Poor Dad, Lesson 1
Yes, the sad truth is as a "boss", you are
still an "employee", often much worse than your executives
and managers.
As an employee, you have limited "bosses"
to report to. Some lucky ones have only one boss. Please that one boss
and you are entitled to pay rises, benefits, bonuses etc.
As a boss of your company, your "bosses"
are your customers. If your customer demands you to be at their office
to present your company's product/services at 5 am in the morning in
London. You'd better be there. Worse still, you might not even clinch
the business.
More freedom, more money, more glory and prestige.
Yes, they might come eventually but the price to pay for all these is
tons of street smart education, hard work and some strokes of luck.
Coming back to answer the question, the difference
is not really found in their actions for a self-employed and entrepreneur
works equally hard. The difference lies in their mind-set.
The self-employed works hard because he enjoys what
he's doing.
An entrpreneur works hard because he wants to serve others.
The self-employed tries to do everything himself as
he trust no one to do a better job than him.
An entrepreneur knows that he can't do everything so he delegate his
responsibilities to those he trust but still maintain accountability
for their actions.
The self-employed wants to own everything.
An entrepreneur wants to own as little as possible but controls everything.
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