Becoming Who You Want To Be

This article is about building a business, a financial empire. If you are looking into building a business, it is already assumed that: you have adequate emergency savings, you have adequate precautions against catastrophes such as insurance, you are saving on a regular basis, and you are self-employed or have some part-time job where you work on your own.

If you find yourself in the position described above, then you are perhaps ready to build your financial empire. Remember, you must be working on your own, whether part or full-time. While it is technically correct that you are a business owner, you should not consider yourself one; you are a job owner. If you owned a business, it would work for you; you would not be working it.

However, owning your own job is not a bad thing. Owning your own job is the start to building a business. You need to own your own job before you begin to build a business.

Building a business and building a job require different mentalities. The job-builder might think something like, “The more work I do, the more money I will make. I will do all the work I can, and I will hire out what I lack the skills or time to do.”

The business owner, however, would be thinking, “I will do as little work as I can, because I want to hire out everything. I will need to do work at first to get the job done, but I will continually hire out the work as the business earns money. I will even use my personal money as much as I can. I will not make any money, but that is okay, because I will make a lot of money someday; and, during that someday, I will not be working.”

So, forget about how much money you will make otherwise, spend it all on hiring out all the work. Forget about the fact that you will be working for free and will see no reward. That is precisely the point! If you were making money yourself, you should be alarmed. Why is money going to you? You should want to spend it on hiring out more help, right?

Clearly, the two frames of mind are completely different. With a job-building frame of mind, you will be seeking work, and, someday, you will end up with lots of work and money. With a business-building frame of mind, you will be avoiding work, and, someday, you will end up with no work and lots of money. Which path would you rather walk down?