As an employee or an owner, income is a function of value creation.
The only difference?
Some (or most) of an employee's value flows upstream to ownership.
Owners capture ALL of the value they create, and even more from their team's output.
We've been told having a job is safer than entrepreneurship.
But that's a lie.
10 reasons to bet on yourself:
As an employee or an owner, income is a function of value creation.
The only difference?
Some (or most) of an employee's value flows upstream to ownership.
Owners capture ALL of the value they create, and even more from their team's output.
Entrepreneurs spread income across several accounts/business units, acting as insurance against total income loss.
Employees have a single income source AND are exposed to factors out of their control:
- economy
- corporate pivots
- budgets
In the past you needed an investment or debt to start a business.
In 2022 you need an internet connection, creativity, and consistent effort.
EX: you can start a 7-figure agency business (65%+ margins) for a few hundred dollars per month in software fees.
Successful entrepreneurs use leverage (labor, capital, technology, audience) to disassociate their time with income.
Employees are required to be present in-person or on calls/video, making it hard to use leverage to get more done with less time.
Employees are rewarded for the value they bring to an organization.
Owners are paid for the value their service brings to CUSTOMERS.
Using leverage, owners can add value to thousands or millions of customers. Their income isn't limited by their own effort.
Both employees and owners work hard throughout their careers.
But employees can't "sell" their career at the end. There is no residual value past their savings.
Owners capture the cumulative financial value of their daily efforts via a sale.
In 2022 employees are able to direct $20.5K into their 401k for tax deferment.
Owners can defer $61K, pay phone bills, 100% of healthcare, depreciate vehicles/equipment, etc.
The American Tax Code is designed for asset ownership, not employment.
Tools like LinkedIn, Apollo, etc. have reduced the risk of ownership.
How?
Getting a product/service in front of a target market is now easy and inexpensive.
Failure from lack of distribution and awareness is mitigated via democratized data.
There is immense pride that comes with growing an idea into something that:
- provides for families
- gets results for clients/customers
- adds value to a community
Taking a business from "idea" to "impact" is a rewarding experience.
Once your mind is trained chances for value creation illuminate themselves.
Combine that with an expanding and broadening skillset and new business ideas, investments, and relationships become common.
Getting in the game makes all the difference.
The truth is... the world is full of risk and you have to calculate your own tolerance based on your lifestyle/ financial goals.
And don't be afraid to bet on yourself.
@barrettjoneill
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Every single time I set foot in every store/restaurant/place of business in Latin America. Only if they are not completely ignoring me from jump. Or following me bc obviously I came to carry out my plans to rob a store that is approximately 2 sq ft. big.
The part that’s also relevant is I’m oftentimes viewed as respectable-negro adjacent in the dominant culture imaginary. So what of those who are never identified as such? I always think about that. I get surveyed & harassed bad...yet and still there’s levels to the profiling.
When I have to do errands in Panama City, I make sure to apply makeup, perfume, an outfit with cleavage, or booty emphasis, heels and an “expensive” purse. There are STARK differences in the service and treatment I get when I do this vs. when I don’t. STARK. Pero, *STARK.*
LatinAmerica is psychotic in identifying who has money and who doesn’t based on how they are dressed, and how they imagine, carrying themselves. An “elegantly dressed” Black person will face less violence on an errand-run versus one who isn’t. This isn’t absolute so sit down plis
And then the times when I am dressed super-revealing. All of the help and care in the world from male workers. The same white mestizo men who would ordinarily follow me to “prevent theft” are happily helping me find things. Again, race, color, gender, class and more.
That \u201chere\u2019s a White customer, they\u2019re automatically more important\u2014despite the fact neither have you spent money yet so I can\u2019t even claim a paying customer is more important than a browsing customer\u2014so lemme interrupt helping you to go to them\u201d thing just happened to me again.
— \U0001f183\U0001f181\U0001f184\U0001f173\U0001f188 (@thetrudz) January 8, 2021
The part that’s also relevant is I’m oftentimes viewed as respectable-negro adjacent in the dominant culture imaginary. So what of those who are never identified as such? I always think about that. I get surveyed & harassed bad...yet and still there’s levels to the profiling.
When I have to do errands in Panama City, I make sure to apply makeup, perfume, an outfit with cleavage, or booty emphasis, heels and an “expensive” purse. There are STARK differences in the service and treatment I get when I do this vs. when I don’t. STARK. Pero, *STARK.*
LatinAmerica is psychotic in identifying who has money and who doesn’t based on how they are dressed, and how they imagine, carrying themselves. An “elegantly dressed” Black person will face less violence on an errand-run versus one who isn’t. This isn’t absolute so sit down plis
And then the times when I am dressed super-revealing. All of the help and care in the world from male workers. The same white mestizo men who would ordinarily follow me to “prevent theft” are happily helping me find things. Again, race, color, gender, class and more.
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🌿𝑻𝒉𝒆 𝒔𝒕𝒐𝒓𝒚 𝒐𝒇 𝒂 𝑺𝒕𝒂𝒓 : 𝑫𝒉𝒓𝒖𝒗𝒂 & 𝑽𝒊𝒔𝒉𝒏𝒖
Once upon a time there was a Raja named Uttānapāda born of Svayambhuva Manu,1st man on earth.He had 2 beautiful wives - Suniti & Suruchi & two sons were born of them Dhruva & Uttama respectively.
#talesofkrishna https://t.co/E85MTPkF9W
Now Suniti was the daughter of a tribal chief while Suruchi was the daughter of a rich king. Hence Suruchi was always favored the most by Raja while Suniti was ignored. But while Suniti was gentle & kind hearted by nature Suruchi was venomous inside.
#KrishnaLeela
The story is of a time when ideally the eldest son of the king becomes the heir to the throne. Hence the sinhasan of the Raja belonged to Dhruva.This is why Suruchi who was the 2nd wife nourished poison in her heart for Dhruva as she knew her son will never get the throne.
One day when Dhruva was just 5 years old he went on to sit on his father's lap. Suruchi, the jealous queen, got enraged and shoved him away from Raja as she never wanted Raja to shower Dhruva with his fatherly affection.
Dhruva protested questioning his step mother "why can't i sit on my own father's lap?" A furious Suruchi berated him saying "only God can allow him that privilege. Go ask him"
Once upon a time there was a Raja named Uttānapāda born of Svayambhuva Manu,1st man on earth.He had 2 beautiful wives - Suniti & Suruchi & two sons were born of them Dhruva & Uttama respectively.
#talesofkrishna https://t.co/E85MTPkF9W
Prabhu says i reside in the heart of my bhakt.
— Right Singh (@rightwingchora) December 21, 2020
Guess the event. pic.twitter.com/yFUmbfe5KL
Now Suniti was the daughter of a tribal chief while Suruchi was the daughter of a rich king. Hence Suruchi was always favored the most by Raja while Suniti was ignored. But while Suniti was gentle & kind hearted by nature Suruchi was venomous inside.
#KrishnaLeela
The story is of a time when ideally the eldest son of the king becomes the heir to the throne. Hence the sinhasan of the Raja belonged to Dhruva.This is why Suruchi who was the 2nd wife nourished poison in her heart for Dhruva as she knew her son will never get the throne.
One day when Dhruva was just 5 years old he went on to sit on his father's lap. Suruchi, the jealous queen, got enraged and shoved him away from Raja as she never wanted Raja to shower Dhruva with his fatherly affection.
Dhruva protested questioning his step mother "why can't i sit on my own father's lap?" A furious Suruchi berated him saying "only God can allow him that privilege. Go ask him"
