Entrepreneurship vs Unemployment....Whatablessing Reports
Whatablessing Reports…Entrepreneur vs. Employee
Entrepreneurs Employees
Value wealth over job security Value job security over wealth
Value job security over wealth Receive consistent paycheck
Long hours, especially during start-up Regular, consistent hours
Potential for very large payoff Constant but relatively low payment
Build their own assets Work to build someone else’s asset
Have a higher tolerance for risk Do not like risk
Own the company. Can only be fired Could be fired at any time
by Board of Directors.
Sit
behind the desk when interviewing Sit in front of the desk when
interviewing
Are willing to take calculated and educated risks Adverse to risk
Build
systems for benefit of themselves Build systems for benefit of
employers
Pay taxes only on NET income Pay taxes on total income
Build assets and then use them to purchase Do not build assets
other assets
Build
passive and portfolio income, taxed lowest Build active income,
taxed
the highest
Invests from the inside Invests from the outside
Can
start other similar companies Restricted by non-disclosure
and
non-compete agreements
Adapt quickly to change Often resist change
Often
have to dedicate yourself fully Have time to do other
things besides Have time to do other things besides work—such
as raise a family or take work—such as raise a family or take
up hobbies.
up hobbies.
Have access through their
businesses to Much harder to obtain significant credit
much larger credit limits
Financial security once venture
succeeds Will have to follow strict savings and investment plan
Have a bias toward action Often have a bias toward passing the bill
Create the systems Have to deal with the bureaucracies created by intricate systems of the companies they work for
Decides who to hire and who they work with Have little say over who they work with
Have freedom to control direction of Have little say over the direction of their company their company
Rarely do the same thing two days in a row Often have repetitive jobs
Work on building assets so they’ll never Work on building 401(k) or pension
need a 401(k) or pension
Make money when they sleep Make money only when they are working
Hopefully the table above has given you some insight into the different characteristics of entrepreneurs and employees. It is a difficult choice to make for many. Many aspiring entrepreneurs choose to work for someone else for a few years to gain knowledge, contacts, and capital. Others feel that the best way is to start out as an entrepreneur and have the advantage of quite a few years of learning over their peers. Whichever you decide, just make sure that the choice is the one that is right for you, not just the one that everyone wants you to make.
God truly wants you to be a blessing to other people during these bad economic times. God wants us to be helpers to One Another By sharing with them a Cash Leveraging, Cash Flow System that you "Pay it Forward" to bless others.
You can have everything in Life you want If you will help enough people get what that want. Zig Zigler
See Video’s Below explaining Who we are and What we do:
Get more information on Entrepreneurship at: http://recyclingyourdollarsonline.info
I will “Pay it Forward” for you to join us at: http://godsmoneyfeeder.com
But I will share with you how to earn more at…http://whatablessing.net
Bryce Jackson, Business Mentor, Success Coach
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