Sorry for my Shakespearean start to today’s installment but I guess I am feeling poetic. The answer to the above question is entrepreneurship or wage earner? You may have sat down and tried to analyze what the best course of action is. I wont tell you that there is a clear cut answer on what is best as with a lot of things it depends on your individual situation.
So what are the good points to each?
To be an entrepreneur, the top benefit that I see is when done right, you are maximizing your talents and abilities to the fullest and creating maximum value for the people that you come in contact with. There are other good benefits to being your own boss. You are not necessarily locked into a specific schedule, you have full control over how you do business and the products that you offer (the market will have some say in this but you get my point), you can choose the relationships that you want in your working life. From a financial standpoint you have more control over your earnings and can increase them more substantially in a shorter period of time than you would at wage earner job. These are all good things.
For the wage earner, some things that may appeal to you are the sense of security of knowing when your pay checks are coming, the ability to work within a structure that is already created, accountability and a team environment. I realize that when done wrong some of these things could just as well be liabilities but for the purposes of this discussion we will assume that things are just great 🙂
Another often overlooked aspect is in starting a non profit organization as well. It doesn’t have to be a company that makes billions. You may get joy in offering a service that you don’t necessarily want to profit from but you want to make sure that you can live doing. That’s great too.
We have talked about building the platform and that this really begins with yourself. http://buildyoursoulpurpose.com/bring-the-right-tools-to-build-your-platform
The great things is that building your personal platform can be extremely useful in either scenario. It can push you to new heights in your business or help you stand out more in the crowd at your job because you are more clear on who you want to be.
What needs to be done now is for you to sit down and decide which fits best for you or look at the opportunities that are available to you and decide which route offers the most satisfaction and enjoyment.
What are some pros out there for you in the entreprenuer vs. wage earner scenario?
Hi Brandon,
This really hit home with me. After 9+ years of being a wage earner, I am considering branching out on my own. It is scary but might just be worth it. Thanks for the blog post! Hope you are doing well.
Mary
Mary,
It is a scary conversation for sure. As far as branching out, my question is why wouldn’t you. I am positive that given your talents that you would do great. First thing I would do is take your talents and see where those can be served in the marketplace to make the biggest impact. If you aren’t sure ask close friends and business associates.
Thanks for posting!
Brandon