Something funny happened the other day that I want to share with you. It’s a little insight into my life, but I hope you learn something from it. I employ someone pretty close to me and I asked them to do a little extra work on the side, for which I would compensate them for. When I asked for a quote they wanted to give me market rate! There’s nothing wrong with being an entrepreneur. I welcome and celebrate that. But if you’re going to be an owner, you have to take the glamorous parts with the not-so-fun parts.
It really comes down to this — what levels of risk and reward are you comfortable with? Being an owner means you have high risk (potentially high debt, little free time, a lot of worries) with the potential of high reward. Conversely, if you’re an employee you have the convenience of low risk (you do your job and go home) and standard reward (your compensation and the benefits allotted you). Both help make this capitalist system work. So which are you? Check out the video and let me know in the comments below.