Be your own Boss
What sets entrepreneurs apart from employees?
Understanding this fundamental distinction unveils the reasons why individuals often cling to low-paying jobs, and why only a fraction choose the path of entrepreneurship.
There are indeed several differences, precisely two, which we will delve into right now.
It’s All About Money
The primary and most prevalent distinction is, unsurprisingly, money.
An employee typically enjoys a sense of financial security with a guaranteed monthly income — a salary.
An entrepreneur deals with uncertainty, never sure about the inflow of funds into its account or whether it will cover all expenses and yield a reasonable profit.
This perpetual state of stress and uncertainty discourages lots of potentially successful entrepreneurs from venturing into a business activity, as they fear losing the stability of a salaried income.
Managing Company Finances
Contrary to a popular belief, the divergence between an employee and an entrepreneur is not solely rooted in an illusionary financial instability.
First of all, employees should recognize that their salaries are paid from the revenue generated by entrepreneurs. In essence, an employee’s seemingly “stable” salary is only as secure as the entrepreneur’s “unstable” profits.
Additionally, an employee, if deemed unproductive or disloyal, can easily lose their “stable” income through work contract termination or dismissal.
Ultimately, entrepreneurs rely on themselves, while employees depend on others.
Organize Your Work
The second, often overlooked, yet fundamental difference lies in the ability to create and organize one’s own work.
Employees have their professional lives neatly arranged — they don’t seek or organize their workflow, nor do they invest any personal funds into professional equipment.
In contrast, an entrepreneur actively seeks and organizes work, bearing the responsibility for its order, prioritization and quality. An entrepreneur is the one to buy the professional equipment.
The core motto of a true entrepreneur is to organize its own and other peoples’ work effectively.
Looking for a Job
Dispelling a common misconception, an entrepreneur is not in search for clients but for work. For the work to get paid for.
Clients are individuals who commission and pay for the work an entrepreneur undertakes.
Hence, an entrepreneur finds or creates work for its company’s employees.
Simple Work Management
While employees can indeed create some work for themselves through effective planning and goal-setting, it is not their main responsibility.
On the contrary, entrepreneurs never have any other work besides the one they’ve either created or found.
As soon as employees develops an ability of setting and achieving personal tasks, they cease being merely an employee — they do become entrepreneurs.
This transition marks them as proactive, focused individuals working towards specific results, demonstrating readiness to embark on their entrepreneurial journey.
Simple Work Management Tool
For efficient task organization and team coordination, an invaluable tool is ByCycle — the online program designed to help small businesses to improve work and team management.
This well-thought-out application serves as a central platform to collect and manage work effectively.
Give ByCycle a try, and see how it works for you.
NB! Use the browser version for registration. The mobile version is under development.
