- Ever thought about going into business for yourself, and wondered if you are the right type?
- What are the differences between being self-employed and business ownership?
- How do you reduce the risks of being self-employed, on commission, or starting a business?
What are the differences between being self-employed and business ownership?
According to Robert Kiyosaki, being self-employed and earning income based on an hourly rate or owning your job, is different from being a business owner. A business owner can earn income regardless of being at the office and/or working day to day. A doctor or dentist or real estate agent for example, are self-employed but still depend on their own day to day involvement and input to earn the bulk of their income. Being self-employed removes you from the insecurity of having a job and the possibility of being fired.
If you are a high-producing commissioned salesperson, you may not be technically self-employed, but the risks of being fired and not being able to replace your job, are low; since you clearly contribute to revenues and profits vs. being an expense or drain on a business.
If you are not comfortable having your own business, and are more inclined to being self-employed or secure in a commissioned sales role, then give some thought to how to increase your chance for success. It’s not just what you sell, but where and for whom that counts!