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A message to the self employed

You own a business?

Are you self employed or an entrepreneur?

 

are you self employed?

 

Congratulations! You own a business. It’s a tough road to travel. I wish you the very best for success!

 

I have a message for all of those who own a business and they employee other people. Yes, that leaves network marketers out.

 

Are you an entrepreneur or are you self employed? I’ll wait a minute while you decide. You own your own business, so you must be self employed, right? Are you an entrepreneur?

 

The Business Dictionary defines entrepreneur like this:

 

Someone who exercises initiative by organizing a venture to take benefit of an opportunity and, as the decision maker, decides what, how, and how much of a good or service will be produced.

 

Dictionary.com defines self employed like this:

 

Earning one’s living directly from one’s own profession or business, as a freelance writer or artist, rather than as an employee earning salary or commission from another.

 

They sound fairly similar. I would says it like this. If you are a worker in your business and you could be the only worker, then you are self employed.

 

You have a boss. It’s yourself. At least part of your income is generated because you do some of the work that your business needs to get done for a paying customer.

 

I see an entrepreneur as someone who owns the business, but doesn’t do any of the work for the company. An entrepreneur hires other people to actually do the work.

 

Which is better?

 

I guess that depends on the person who owns the business. If they really like to do that kind of work, then it could be better for them to continue to do it. However, if you are doing the work because you think you’re making the most money that way, I have a message for you.

 

I hate using numbers to explain things, but that’s the only way to do it here. Both the self employed person and the entrepreneur will be doing the same job for the same amount of money.

 

do entrepreneurs make more money per hour than self employed

 

Let’s say that when you work for 2 hours that you are paid $200.00. How much money did you earn per hour? Self employed people will say $100.00 per hour.

 

An entrepreneur knows that’s wrong.

 

“Wait! You said you get paid $200.00 for 2 hours of work, why isn’t that $100.00 per hour?”

 

It sure looks like $100.00 per hour.

 

The entrepreneur decides to hire someone to do the work for them. They are very generous in their pay and they give the worker $50.00. That’s $25.00 per hour, right?

 

The self employed person thinks they got paid $100.00 hour and they think that they are making more money than the entrepreneur.

 

How much is the self employed person really working for?

 

This is the most difficult thing for a self employed person to accept. It took me years to figure it out. Once I realized the real answer I became an entrepreneur.

 

Here’s the real answer.

 

The self employed person worked for $25.00 per hour.

 

How can that be?

 

The entrepreneur will get paid $150.00 for the work that is performed by their employee.

 

The self employed person will get paid $200.00.

 

That means that the self employed person made $50.00 more then the entrepreneur did, for the same work. Which means that the self employed person worked for $25.00 per hour.

 

I’ve explained this concept many times, to many self employed people and it is so hard for them to see it. They cling to the thought they are really making $100.00 per hour.

 

That’s the message for the self employed.

a message for the self employed

You aren’t working for what you think you’re working for. You’re working for whatever you’d be willing to pay an employee to do the same job.

 

The job of an entrepreneur is to generate for work for the employees to do. It isn’t to do the work. The entrepreneur is able to turn their full attention to finding more work to be done.

 

Have you decided which is better … for you?

 

 

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