Conflicting Mindsets

By Cody Scholberg

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 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.

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.

Job-building and business-building require different mindsets. Someone who builds jobs might think, "I will do as much work as I can, because the less I spend on labor, the more money I will make. I will only hire what I lack the skills to do or lack the 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, 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? - 23305

About the Author:

Cody Scholberg, a business building expert, writes for Rapidly Make Money, your source of info that will help you get rich. Check out these books about making money.