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Self Employed VS Business Owner

by jjbalagosa
11 replies
The very first book I read about Entrepreneurship was Rich Dad Poor Dad by Robert Kiyosaki. From that point on, I knew that I would never be happy about having a boss.

I've moved on to other authors and better books over the years. But the biggest thing that stuck with me - from this particular book - was this...

Successful Self Employed People and Successful Business Owners are two totally different things.

The distinction can be boiled down to one easy statement...

Only a successful business owner can go on vacation (leave his business completely alone) for a full year and his business will just as profitable or MORE profitable when he gets back.

My reason for becoming an entrepreneur is really simple. I simply want to do whatever I want, whenever I want to. This is only possible if I'm a business owner.

I'm still working on taking myself away from working in the business to working on the business. But I'll eventually get there. It's inevitable.

Nothing wrong with being self employed. You still have a lot of advantages over being an employee. But in order to make sure your business decisions are more clear, it helps to know the distinction.
#business #employed #owner
  • Profile picture of the author wave carl
    yes, its good to have that freedom
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  • Profile picture of the author Mr. Ken Russell
    [DELETED]
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    • Profile picture of the author bookworm techie
      Self Employed cause you are the boss
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      • Profile picture of the author jjbalagosa
        Originally Posted by bookworm techie View Post

        Self Employed cause you are the boss
        <sarcasm>Hey, thanks for thoroughly reading the post! A really appreciate your insightful thoughts about the subject.</sarcasm>

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        • Profile picture of the author No Bullshit Articles
          Thinking outside of the box will get you there. Being self employed is the first step to the freedom you crave. Taking it to the next level as a business owner is the end result in which you'll reach with hard work and dedication.
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  • Profile picture of the author AchTi
    that is a great way to break it down. Many people get it confused and think it is the same thing and its SO not
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  • Profile picture of the author Michael Ten
    That's a good distinction you make. I would only add that if one is self-employed, then if one earns enough... then one could basically still do whatever one wants whenever one wants to.
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    • Profile picture of the author ramonakicks
      Originally Posted by Michael55555 View Post

      That's a good distinction you make. I would only add that if one is self-employed, then if one earns enough... then one could basically still do whatever one wants whenever one wants to.

      good point

      i was just about to say you can have the best of both worlds
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    • Profile picture of the author jjbalagosa
      Originally Posted by Michael55555 View Post

      That's a good distinction you make. I would only add that if one is self-employed, then if one earns enough... then one could basically still do whatever one wants whenever one wants to.
      Now that is an excellent point. Touché Michael!
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  • Profile picture of the author therenegadeleader
    If you keep doing what you like, you can have your time and spend it to the things that matter most.
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  • Profile picture of the author OmarNegron
    Awesome stuff! I love the concept Kiyosaki explains in the Cashflow Quadrant. It really shows you where you are right now and gives you a road map of where you need to be. I like how he explains, you need to achieve success in the right side of the quadrant B (business owner) before you can take advantage of the I (investor).

    Also how most of us start in the left side of the quadrant which is the E (employee) and S (self employed).

    -Will
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  • Profile picture of the author KillKenny
    Companies don't exist to pay employees. Companies exist to make business owners wealthy. That's what I take away from my own views.
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