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Do You Think Like an Employee or Like an Entrepreneur?

employee vs entrepreneur Do You Think Like an Employee or Like an Entrepreneur?Are you currently an employee who yearns for the freedom and control of your own business? Or maybe you’re a business owner who is tired of the day-to-day struggle of paying the bills and keeping the doors open, often working harder and getting paid less than your employees? (And, by the way, most of us have had those moments before.) No matter what role you have today, you might be unhappy because your mindset doesn’t mesh with what you’re actually doing.

Which mindset do you have really? Do you think like an employee or like an entrepreneur?

  • An employee thinks Short Term. An entrepreneur thinks Long Term.
  • An employee works for a paycheck. An entrepreneur works to build assets.
  • An employee wants instant gratification. An entrepreneur delays gratification.
  • An employee is time-focussed. An entrepreneur is value-focused.
  • An employee is owned by the company. An entrepreneur owns the company.
  • An employee needs a job. An entrepreneur creates jobs.
  • An employee has a commitment to a paycheck. An entrepreneur has a commitment to customers.
  • An employee wants to be protected. An entrepreneur knows security is his responsibility.
  • An employee feels powerless. An entrepreneur creates what he wants.
  • An employee waits for the opportunity. An entrepreneur creates opportunities.
  • An employee is inflexible to changes. An entrepreneur is flexible.
  • An employee is replaceable. An entrepreneur is unique.
  • An employee feels she is owned. An entrepreneur knows reward comes from creating value

If reading that makes you excited about the future, then you know what it means to yearn for a Smart Business.

Let’s get started!

 
 

4 Comments

  • Kaye Dennan March 27th, 2010 4:02 pm

    Dianne, I just lolved this blog. It is all so true and you have put it in a nutshell. I am the entrepreneur and my husband is the employee (as defined by you) and your explanations fit us to a tee. I wish he was more of an entrepreneur, but it is not to be so. We use these personality types for him to earn money for our day to day living while I build an internet information business for the future.

  • Diane Kennedy March 30th, 2010 6:07 pm

    Thanks for your comment Kaye. I think it makes sense to play to our strengths. Some day your husband might want to have more freedom as an entrepreneur, until then, good for him for supporting your dream!

  • Joe A. April 10th, 2010 4:58 am

    Hi Diane. I’m thinking about getting into real estate investing. Could this book benefit me?
    Thank you.

  • Megan Hughes April 11th, 2010 8:32 pm

    Hi Joe,

    Smart Business Stupid Business has been written for business owners, and people who want to start a business. It’s not real-estate centric, so while you might get something out of it, it’s probably not exactly what you’re looking for.

    However, Diane is in the process of rewriting Real Estate Loopholes, and that WILL be all about real estate investing, and the tax savings that it can generate for you.

    Thanks!

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