If you want to get rich by building a financial empire, you should already be in a certain position. You should already have plenty of insurance to protect you against any unforeseen, catastrophic events. You should be saving money on a regular basis, and you should have enough money to cover yourself in any kind of emergency. And, lastly, you should be self-employed, or at least do some kind of work on your own that earns money.
If your life resembles the above, you are prepared to build a business. You absolutely must be self-employed, full or part-time. Technically, self-employed people own a business, but forget this notion. For your purposes, self-employed people do not own a business; they own a job. If they owned a business, it would work for them; they would not be working in it.
Owning your own job, however, is a good thing. It is the start to building a business. You cannot build a business through work you do for an employer.
Building a business is different from building a job. The mindset of a job-builder is something like, “I want to get all this done, but I need help. I’ll hire people to do the work that I cannot, and I’ll do as much of the work myself as I can; the more work I do, the more money I make.”
The mindset of a business builder is much different. It goes something like, “I want to get this all done, but I do not want to do any of the work. I will hire people to do all of it, and I will not make much money since I spend it all on labor. However, this is okay, because if I keep building it, eventually it will make me money and I still will not be doing any of the work.”
So, do not think about what you could be putting in your pocket if it were not spent on an employee. It should be exciting to you to see the earnings from the business get reinvested back into itself. If a lot of money was coming out of the business into your wallet, you would be alarmed at the fact it was not going back in to hiring more people!
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?
Cody Scholberg, a business building expert, writes for Rapidly Make Money, your source of info that will get you wealthy. Check out these books about making money.