Conflicting Mindsets

By Cody Scholberg

You are going to read about building a financial empire. If you are looking into building a business of enormous size, you should already have put a few things in order. You should already have adequate insurance in case of catastrophic events, you should be saving on a regular basis, you should have plenty of emergency funds, and you should be either self-employed or work some part-time job on your own (not for an employer).

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 is different from building a job. The mindset of a job-builder is something like, "I want to get all this done, but I need help. I'll hire people to do the work that I cannot, and I'll do as much of the work myself as I can; the more work I do, the more money I make."

The business owner, however, would be thinking, "I will do as little work as I can, because I want to hire out everything. I will need to do work at first to get the job done, but I will continually hire out the work as the business earns money. I will even use my personal money as much as I can. I will not make any money, but that is okay, because I will make a lot of money someday; and, during that someday, I will not be working."

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.

The mindset of a person who builds jobs is very different from one who builds businesses. One is not superior to the other, but one will give you freedom while the other will trap you into work. - 23212

About the Author:

Cody Scholberg, a business building expert, writes for Rapidly Make Money, your guide to information that will help you get rich. Check out these books about entrepreneurship.