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This article is about building a business, a financial empire. If you are looking into building a business, it is already assumed that: you have adequate emergency savings, you have adequate precautions against catastrophes such as insurance, you are saving on a regular basis, and you are self-employed or have some part-time job where you work on your own.
If you have all these traits, you are ready to build a business. You must be working for yourself if you want to build a business. While it is true that those who work for themselves technically already own a business, it should not be true in your mind. You do not own a business, but you own a job. A business is something that works for you; it is not something that you work.
Owning your own job, however, is a good thing. It is the start to building a business. You cannot build a business through work you do for an employer.
Building a business and building a job require different mentalities. The job-builder might think something like, "The more work I do, the more money I will make. I will do all the work I can, and I will hire out what I lack the skills or time to do."
The mindset of a business builder is much different. It goes something like, "I want to get this all done, but I do not want to do any of the work. I will hire people to do all of it, and I will not make much money since I spend it all on labor. However, this is okay, because if I keep building it, eventually it will make me money and I still will not be doing any of the work."
So, try not to think about how much money you could be making if you did more of the work yourself. You should be excited to spend the earnings from the business and as much of your own personal money as possible on the business! If the business was providing you with a lot of money, it would be alarming, because it should be spent on hiring people to do the work.
As you can see, the two mindsets are very opposite of each other. One seeks work, and one gets rid of work. But, they both earn money. Which would you rather be, a money-earner who works or a money-earner who does not?
If you have all these traits, you are ready to build a business. You must be working for yourself if you want to build a business. While it is true that those who work for themselves technically already own a business, it should not be true in your mind. You do not own a business, but you own a job. A business is something that works for you; it is not something that you work.
Owning your own job, however, is a good thing. It is the start to building a business. You cannot build a business through work you do for an employer.
Building a business and building a job require different mentalities. The job-builder might think something like, "The more work I do, the more money I will make. I will do all the work I can, and I will hire out what I lack the skills or time to do."
The mindset of a business builder is much different. It goes something like, "I want to get this all done, but I do not want to do any of the work. I will hire people to do all of it, and I will not make much money since I spend it all on labor. However, this is okay, because if I keep building it, eventually it will make me money and I still will not be doing any of the work."
So, try not to think about how much money you could be making if you did more of the work yourself. You should be excited to spend the earnings from the business and as much of your own personal money as possible on the business! If the business was providing you with a lot of money, it would be alarming, because it should be spent on hiring people to do the work.
As you can see, the two mindsets are very opposite of each other. One seeks work, and one gets rid of work. But, they both earn money. Which would you rather be, a money-earner who works or a money-earner who does not?
About the Author:
Cody Scholberg, an expert on business building, writes for Rapidly Make Money, a place of information that will get you wealthy. Check out these books about making money.
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