You are going to read about building a financial empire. If you are looking into building a business of enormous size, you should already have put a few things in order. You should already have adequate insurance in case of catastrophic events, you should be saving on a regular basis, you should have plenty of emergency funds, and you should be either self-employed or work some part-time job on your own (not for an employer).
If you have all these traits, you are ready to build a business. You must be working for yourself if you want to build a business. While it is true that those who work for themselves technically already own a business, it should not be true in your mind. You do not own a business, but you own a job. A business is something that works for you; it is not something that you work.
Being a job owner, however, is not a bad thing at all, but a great thing. In fact, you need to be one in order to start building a business; you cannot build a financial empire through an employer you work for.
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-builder thinks otherwise, “The more I work, the less it is a business for me, and the more it is like a job. I will hire out as much as I can afford, and I’ll use my personal savings to afford even more. I will lose money for a long time, but that is okay, because eventually it will be so big that it will make me money without my working in it.”
So, try not to think about how much money you could be making if you did more of the work yourself. You should be excited to spend the earnings from the business and as much of your own personal money as possible on the business! If the business was providing you with a lot of money, it would be alarming, because it should be spent on hiring people to do the work.
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, is an author at Rapidly Make Money, your source of info that will help you get rich. Check out these books about making money.
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