What’s the difference between an entrepreneur and an employee? The employee receives a paycheck for going to work, while the entrepreneur gets compensation for adding value.
They may sound similar, but they are vastly different mindsets. Why would an employee want to become an entrepreneur?
Over the years in the workforce, your company will severely underpay you for your skillset. Yes, there is a lot of security when you have a job; however, you are betting against yourself.
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You can do both. The average middle-class person should have a job and a business. This will give them the security blanket of a paycheck and benefits while the upside potential of operating a business.
However, you cannot bring the employee mindset into the land of entrepreneurism. You must learn many ideas and methods to become an entrepreneur.
You can’t just rent an office, buy furniture and equipment, and people will show up to your business. Nope, you must understand how to add value to the lives of others. Creating value for others is tough, so you shouldn’t take it lightly.
Print Your Own Money
An entrepreneur solves people’s problems at a profit. Therefore, you must understand your target audience’s headaches and come to market with a product or service that solves these issues.
Getting started as an entrepreneur. Being an entrepreneur is a mindset, not just opening an LLC. You can be an entrepreneur before you open your first business; this is the route I recommend.
Most people have an employee mindset from going through the school system. Others are natural entrepreneurs; however, they don’t want to read any books.
Become a Private Money Lender
Both groups need to read 10-20 books before starting a business. Books give us a peek into the lives of others while letting us learn from their mistakes and successes.
It took me 20-30 books before I could grasp the scope of being an entrepreneur. More importantly, you must understand why entrepreneurship is vital to your survival.
You are sadly mistaken if you expect a company or job to pay you what you are worth. The only way to earn out-sized returns is to build a business.
Let’s start reading. Now, I’ll share the best business and mindset books I have read over the years. You should always be reading books, even when you think you know everything. There is always a new spin, twist, or wrinkle that can assist you. Let’s begin.
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1) “Rich Dad Poor Dad” by Robert Kiyosaki. The best book that was ever written—easily. “The rich don’t work for money” is perhaps the most powerful statement ever. This should be your first stop to becoming an entrepreneur.
2) “Rich Dad’s CashFlow Quadrant” by Robert Kiyosaki. This book lays out the exact steps to go from employee to business owner and investor.
3) “Rich Dad’s Guide to Investing” by Robert Kiyosaki. You can create assets from thin air. There are many ways to invest, and a business is perhaps the best.
4) “The Millionaire Fastlane” by MJ DeMarco. This book gives you the tools to decide which business route you should take. Each business has a speed multiple that can accelerate your wealth-building.
5) “The Baby Steps Millionaires” by Dave Ramsey. You can get yourself into massive financial trouble with a business. Dave Ramsey keeps you grounded by avoiding leverage. There is a happy medium between Dave Ramsey (no debt) and Robert Kiyosaki (leverage to the moon).
Cash Flow 102: Create Passive Income for Retirement
6) “Superfans” by Pat Flynn. You do not need to touch millions of lives to be a successful entrepreneur. You just need 1,000 Superfans to support your lifestyle and business.
7) “How to Blog for Profit” by Ruth Soukup. Blogging is a tricky business model; however, if you can master it, you can master any business. A blog should be the heart of all businesses.
8) “How to Make a Living with Your Writing” by Joanna Penn. Joanna Penn is my second favorite author behind Robert Kiyosaki. This book gave me the confidence to stay with my writing business. It shows you that any business can create multiple streams of income.
9) “How to Become a Capitalist without any Capital” by Nathan Latka. A true page-turner. This book is about leverage, time, and effective business tactics.
10) “Consulting Success” by Michael Zipursky. If you have had a job for 10-15 years, you have a skill set. Starting a career as a consultant can be your first step into the world of entrepreneurism.
Investing for Dividends 102: Keeping Score
Reading and writing. It is not enough to only read books; you have to write a plan. First, you need to decide what you want from your business.
This is your time to dream. Do you want to travel the world on business trips, speak in front of audiences or have the ability to work from anywhere?
My business dream. I wanted to have a full-on business that I could run from any web browser, laptop, and wifi connection.
That is one of the reasons I choose writing and blogging as my business path. I have an entire workflow that I can execute from any Chrome browser.
How Much Do You Need for Your Dream Retirement?
I can make more money by becoming a YouTube star or podcasting, but I want to stay true to my vision.
I can wake up anytime and make money through writing—how cool is that? You need to have a clear vision of what success looks like to you.
Sadly, the sharks will swarm you if you are not intentional with your business. There are lots of ways to waste money with unproductive tools and programs.
Nobody Owes You Anything
Conclusion. I love being an entrepreneur. As I finish my working career and enter entrepreneurship full-time, it’s a good time to reflect on my journey.
I have been writing for almost three years, and it’s been a helluva ride. You start without knowing anything about the profession, then one day, you start selling books.
Pick A Content Niche: Health, Wealth, or Relationships
Every business will start the same way. You won’t have a clue what you are doing, but if you stick with it, you’ll become an expert.
If you want to set yourself and your family up for long-term success, a business is the way. However, becoming a business owner and an entrepreneur are two different things.
I look forward to walking you through the path to entrepreneurship throughout this series. Good Luck, Entrepreneur!
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Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. All Right Reserved Military Family Investing
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