Switch From Employee to Entrepreneur

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(Edited)

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I had recently an interesting conversation with my old friend (actually a classmate) about working for yourself and working for others... What are the pros and cons, and how can you jump from one place to another... As we had different ways of thinking and working, it was great to exchange opinions...

When I have finished University, the first thing that I have done was to open a PC Shop and service... I was working a short time for others while I was studying as I needed money for food and accommodation, but I knew that all that is temporary and I lived for a day when I will have something "mine"... I have started with a very modest amount of money, but I have invested 100% of myself and my time into the business... It is always like that... If you don't have enough money, you have to compensate that with additional time...

After 2-3 years, I have employed exactly that friend to work in my shop... He was a good worker, and he has done everything that I have asked of him... On the other side, I have put all my workers in the first place and they have always received the salary before me... After a couple of months, he came to me with a question... "Can I promise him that the business will grow and that he will get a better wage in a year or two?"

That was a good question, but if you think about it you will notice that NOBODY can promise those things... I couldn't promise that to myself, and I definitely couldn't do that to someone else... After some time, he left and begun to work for another company, and I did understand his point of view, but I couldn't lie to him... Someone else could, and he worked there for a couple of years, and of course, quit...

In the video, I have shared my experience with different kinds of people and how you can "recognize" if you are material for an entrepreneur, or not... The entrepreneurs aren't Gods or some higher-level creatures, but to be a successful entrepreneur, you need a different kind of thinking... Different attitudes, different responsibilities, etc...

Check out the video for more thoughts on this...

Thank you for your valuable time,

~ph~

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Music in video:
Growing Up by Scott Buckley https://soundcloud.com/scottbuckley
Creative Commons — Attribution 3.0 Unported — CC BY 3.0

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Yea it is a difficult situation. Most people just want to earn more money and aren't really thinking about it as running a business. I think it would require a different mindset to run one and it would probably be very challenging to start.

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You are right that most people WILL NOT do it... And that's the fact... But, most of them wouldn't make any difference in their lives, or the lives of people around them...
A lot of people that I know here on HIVE have done that... When you have created an account on Hive and dedicated your time to create content, help others, engage with others, you have taken that step... You are the kind of entrepreneur if you do all that seriously and responsible... ;)

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When you have created an account on Hive and dedicated your time to create content, help others, engage with others, you have taken that step... You are the kind of entrepreneur if you do all that seriously and responsible... ;)

Well said. What you earn here, you can make decisions about what you are going to do next. People do business in the stock market.

We are in a huge crypto market. We know the blockchain is the future. You can do your analysis and make the investment. You can take new initiative. You can do trading. Trading is a business. Of course, you have to have the right mindset.

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When you are an entrepreneur, you have to push yourself. There is no boss who tells you what to do or you will not get pressure from the top management to do your job. You are on your own. You do not get a salary after the end of the month. You have to make a profit and make money. Otherwise, you cannot survive.

Whatever you do, it is your responsibility. There is no way you can blame someone for your action. When you do a job, you can say it's your boss's mistake. Whatever you do as an entrepreneur, everything is your responsiblities.

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When you do a job, you can say it's your boss's mistake.

Heheehe... This is a valid excuse only for your wife and family... lol... Boss will not agree with that :)

And you are right, no boss to push, you are on your own... ;)

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