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Changing from an employee to an entrepreneur

Most people hide behind employment fearing that they might not succeed when they fully venture into business; this mindset is a major deterrent to success.

It is a fact that many entrepreneurs are more successful than those in employment. This is because those in employment have to make more than what their employer pays them otherwise they will face the sack.

Once you realize that different situations and circumstances require different mindsets, you can easily leave employment and strike out on your own. But how is this possible? You need to remember the following;

1. You’re responsible for all you actions
Entrepreneurs have the opportunity to be creative in a way that is not possible to work for someone else. When you have decided to be an entrepreneur, you can wait for things to happen, or to be told what to do; you must make things happen. You must get be ready to make your hands dirty. For entrepreneurs, opportunities are short-lives; they must be grabbed as they arise and exploited to the fullest.

2. Have a broader vision
When you work for someone, you only need to do what needs to be done now; you don’t think about tomorrow or the day after tomorrow. An entrepreneur thinks both in the short term and the long term.
Entrepreneurs project their minds forward, thinking about opportunities and pitfalls in the future, and making decisions based on uncertainty knowing fully well that whatever decisions they make now will affect the business in the future.

3. Do you think inside the box?
Employees usually think inside the box but for entrepreneurs, there is no box! They see what others don’t, testing new ideas, seizing new territories, and taking risks along the way. Entrepreneurs must have courage and thick skin to keep going despite skeptism and rejection.

4. Learning is a continuous journey
Employees have job descriptions that require specific skill set. Entrepreneurs on the other hand learn many new skills. They explore unfamiliar territories meeting challenges and overcoming them. This makes it even more interesting.

5. Knowing your numbers
Employees only need to know what is coming in and what is going out. For entrepreneurs, it more than that because it is the cash flow that can keep them in or out of business. They have to play with costs, profits and losses to keep the business moving.

6. Do you love your work?
As an employee you can continue doing what you dislike just for the salary, and there is limited opportunity to change to what you love. But for entrepreneurs, they have to love their business because of the effort and long hours required. An entrepreneur must not think like an employee in his own business.

7. Breaking the rules
As an employee, if you break any rules you risk dismissal. But for entrepreneurs, breaking the rules is the order of the day. They usually try to do things differently to outsmart their competitors.

8. Time isn’t linear
Employees have specific timetables to adhere to. But for entrepreneurs, there is no specific timetable to stick to, even though they have to think about the business all the time.

9. Start now
Being an entrepreneur gives you a lot of freedom. No bosses to attend to, no apology letters to write etc. If you are still in employment and you are contemplating to switch to being an entrepreneur, start shifting your mind-set now.

Why not start a business and run it on the side? Remember, being an entrepreneur entitles to a hundred percent of the benefits from your energy; you don’t share it with the employer.

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