Who Is An Entrepreneur?
- An entrepreneur is a starter. An entrepreneur is an initiator, a challenger and a driver. Someone that creates something new, either an initiative, a business or a company. He or she is the beginning (and sometimes the end) of a venture, project or activity.
- An entrepreneur is an individual who, rather than working as an employee, runs a small business and assumes all the risks and rewards of a given business venture, idea, or good or service offered for sale. The entrepreneur is commonly seen as a business leader and innovator of new ideas and business processes.
Everyone is an entrepreneur. Everyone has that significant ability to make a change to your life, but you often find it difficult to discover your true self.
These are some benefits ENTREPRENEURS enjoy of which some other MONEY MAKERS may not enjoy.
- Time Freedom
- Financial Freedom
- It gives residual income
- Sustainable System
- Helping others and Touching Humanity
- Creation of Adaptive economy
- Early Retirement
- Fancy Vacations and Amazing lifestyle
- Synergy creation among new people
- Leaving a legacy
In The Business World, We Have Four (4) Classes Of People Making Money Which Are:
- SELF EMPLOYED
- BUSINESS OWNERS
- AND INVESTORS
Before You Proceed Reading The Post Let Me Ask….
Between the person who works for money and the one whose money works for him… Who do you think will be much more financially empowered or rich?
You Can Drop Your Answers In The Comment Box Below
I will say it’s the one who money works for.
I’ll Like You To Hold That Thought Because By The End Of The Post You Will Understand Why I Said So
Now Let’s Look At What These People Do Individually
Employees, typically at least, perform certain functions and get paid either an hourly wage or a salary. Their income is derived from 100% of their activity, meaning, they can only increase one factor and that is their wage. This is not a leveraged way to make a living. Even if someone absolutely loves their job, it still might make sense to at least part time look into one of the other sections as bosses, positions, wages and demands of a job change which can make a desirable job, not so desirable. Also know that someone ONLY in this section pays the most taxes as they have no write-offs.
Being an employee is the first way of making income.
You have a JOB. You work hard for it. You earn actively. Your income are fixed. No security. No time. You keep working for your profit. You employ workforce. Your pay checks are controlled by others. You take no risk.
E.g Bankers,civil servants ,etc they trade their time for money that’s why you see them working for 40 years
Salary I always say,its a MEDICINE for managing POVERTY. It doesn’t CURE it.
Also Read: SAY NO TO BEING AVERAGE
Only your business does.
After they received a peanut called SALARY This is what happens to them??
Ah, so surely the self employed or small business owners are better off right? Well, not always. Many times when I am doing a presentation and ask “How many have owned a business before?” and then ask “How many realize their business owns them?”, almost always the same hands go up. Why? Most self-employed people quit their 9-5 to work 9-9 (or worse) and they lack a system of how they could ever get leverage out of their business. This is not true of all of course but for the vast majority, their small business does not work and they find themselves back as an employee, working less hours but with the full realization that they might never achieve their dreams with a job.
Self employed are ENTREPRENEURS but they still trade time for money because they work alone e.g lawyers,one shop owners ,tailors.
For you to move from this quadrant you need people to work with you.
Here’s where the fun begins. Being a business owner is different than just being self-employed at least in how Robert Kiyosaki defines the Cashflow Quadrant. A “business owner” is defined as someone who earns leveraged income. The income does NOT come from the sole efforts of the owner but from people associated with the business center or unit. This is most easily seen in network marketing but in certain cases can also be accomplished in an insurance agency or even some real estate brokerages allow you to earn off the efforts of others. This is where you can develop “CashFlow” or passive income that is NOT tied to your individual daily efforts but from yours and the efforts of others. People with passive income have options in how they spend their life.
Examples Of Business Owners Are: Dangote Group Of Companies, Facebook owned by Mark Zukerberg, Microsoft owned by Bill Gates Network Marketing Industry and Telecommunications Companies, Etc
They are Employers
This is where no longer have to rely on your efforts of even the efforts of others, your money is working for you and you are just living off the interest or payouts. Most people cannot start in this quadrant but can work their way into it. Word to the wise.
EXAMPLE INVESTING IN REAL ESTATE THAT IS BUYING AND BUILDING OF HOUSES TO RENT OR RESELL HIGHER IN FUTURE
INVESTING RENTAL SERVICES HALLS, CHAIRS,CARS ETC
PAPER INVESTMENT LIKE STOCK AND SHARES ,CRPTOCURRENCY
To be Financial Free you need to be an ENTERPRENEUR, becoming wealthy is game of Number and duplication.
Entrepreneurs Earn 1% of everyone effort.
Look at Facebook CEO Mark Zuckerberg he earns from everyone, Today Facebook has over 2 billion users. Am sure we all subscribe with our money to use Facebook
Let’s say Mark earns 1$ each persons, How much will he earn with 2 billion people?
Things To Consider In Becoming An Entrepreneur
To be an entrepreneur you need,
- A Huge Capital
- A Product or Services
But 98% of us reading this article don’t have any of this
But there is a good news
We are in the 21st century and thus, everything made easy with technology.
Business of the 21st century has made it easy on how to work as an entrepreneur with ease.
With this, we have come to the end of the post
In our next post, A business Opportunity Of The 21st Century Will Be Unveiled
So,keep a date with us.