Most of us are employees getting paid from our day-to-day work in a company. We are somewhat ‘slaves’ by our bosses. No work no pay. It’s definitely a big satisfaction to be your own boss of your own business or company, an entrepreneur. According to Kiyosaki’s Cashflow Quadrant, it’s one of the best ways of getting out from the rat race and to achieve financial freedom – that is a shift from employee to entrepreneur.
Are you thinking of getting out from being an employee to becoming an entrepreneur? There are advantages and disadvantages of having a business.
For those of you who are thinking to shift or at least doing the same – both an employee and part-time entrepreneur – the main problem that you could encounter is the lack of time. You have a natural conflict of interest to provide most of your time to your main job as an employee. Some may even be loyal to the company they are working for and find it disloyal to start some small business on the side.
Are you ready to become an entrepreneur? In pondering whether to shift, perhaps you may want a business that:
Is Less Risky – Of course, you do not want to have a business that is full of risks or has many uncertainties. The more you know the business, the less risky it is for you. And the more passionate you are in doing the business, the more successful you can be to become an entrepreneur.
Is Not Time Consuming – Given your time constraints; you can only spend a fraction of your time to your business as an entrepreneur. You do not want a business that pressures more of your time such as a labor intensive business that requires you to travel a lot, or do a great amount of research.
Has minimal or no financial pressures – It is best that you have all the necessary capital and money available before you start venturing into entrepreneurship. You do not want a business that use up your regular paycheck or one that dries up your savings just to sustain it.
As a suggestion, I think that one of the best businesses to start up with for would-be entrepreneur employees is a business in which you can use your co-employees as your own clients or customers. Sell them anything from cookies to different apparels. Then slowly, when you are earning more than your paycheck and you can let go of the other benefits that your company gives, then it’s time to go full time into that business and become a full-time entrepreneur.
If you really want to shift from employee to entrepreneur, then I would suggest to ask yourself the following questions before going into business.