Authorisation for Annual Report [Video]
In this video we show how to authorise a person to submit Annual Report
Entrepreneurs create value
What sets an entrepreneur apart from an employee?
There are indeed several differences, precisely two, which we will discuss in this article.
It’s all about money.
Understanding the fundamental distinction between entrepreneurs and employees unveils the reasons why individuals choose to cling to low-paying jobs. And why only a fraction of us choose the path of entrepreneurship.
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 and is never sure about the cashflow.
This perpetual state of stress and uncertainty discourages lots of potentially successful people from venturing into a business activity, as we fear losing the stability of the salaried income.
Secure income or unstable revenue.
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, a “secure” salary of employee is only as secure as an “unstable” profit of entrepreneur.
Additionally, an employee, if deemed unproductive or disloyal, can be dismissed and therefore lose its stable income.
Ultimately, entrepreneurs rely on themselves, while employees depend on others.
Ability to organise work.
The second, often overlooked, yet fundamental difference between employees and entrepreneurs lies in the personal ability to create and organize 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 idea of entrepreneur is to organize its own and other peoples’ work efficiently.
Employees are not able to act, if they are not organised by entrepreneurs.
Looking for a job.
Dispelling a common misconception, an entrepreneur is not in search for clients but for work.
Entrepreneur is in constant search for work.
Clients are individuals who request and pay for the work an entrepreneur undertakes.
Hence, an entrepreneur finds or creates work for its company’s employees.
And if an entrepreneur would fail to find work for employees, they will start searching for a job with another entrepreneur.
Develop work planning skills.
While employees can indeed create some work through effective planning and goal-setting, it is not their main responsibility.
On the contrary, entrepreneurs never have any other work than the one they have created.
Work planning skill is a key factor of business success
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 acting towards specific results.
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 smart application serves as a platform to create and plan 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.
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