Do You Think Like an Employee or an Entrepreneur?Posted by: Carmen Lascu | Posted on: October 25, 2018
Many small business owners got their beginning as an employee. They worked for somebody else, they had a dream and believed that if they work hard their business will succeed. The issue is, if you’ve been an employee for years, it may be difficult to shake off the bonds of the employee mentality.
If you’ve got an employee mentality, you are more likely to look to other people to tell you what to do. You may find it difficult to take responsibility.
You see, as an employee, you’ve no say about how the business is executed. You just work hard to prove your value so that you can stay employed.
Which One Are You
If you’re an entrepreneur or business owner, you think differently. Essentially the buck stops (and begins) with you. You’re responsible for the success and failure of your business. And you are the one who makes all the huge decisions (including who to designate smaller decisions too!).
To discover if you’re thinking like an employee or an entrepreneur, take this fast quiz:
- Do you confine your tasks/responsibilities to a subset of what is required for your business to flourish?
- Do you base your lifestyle on your revenue?
- If a money setback happens, do you shrink your budget to adapt to the reduction in revenue?
- Do you constantly seek outside advice to make even daily decisions?
If you responded “yes” to most of these queries, chances are you’ve got an employee mentality. Those with an entrepreneur mentality would’ve answered “no”.
How does an entrepreneur think?
- Entrepreneurs understand that occasionally they have to do things in their business that are “higher up” or “beneath” their skill level. Their mental attitude is if it has to get accomplished, get it accomplished and they’re not adverse to bundling up their sleeves and getting their arms dirty.
- Entrepreneurs will seek to develop their business, enlarge their line of products and broaden their services when money setbacks happen. They don’t let themselves get to be or remain a victim of fiscal conditions.
- If a money setback happens, do you shrink your budget to accommodate the reduction in revenue? Entrepreneurs send out the payments for themselves first. They centre on bringing in the money that supports the lifestyle they want and invest the rest into their business. That stated, they’re likewise they are aware of and accept the sacrifices that may need to be made in order to achieve a goal.
- Entrepreneurs handle their time and take responsibility for their actions. While they might seek out mentors to guide them to expanded growth, they are in control of their day-to-day actions and don’t need somebody else to tell them what to accomplish or prompt them to accomplish it.
If you are already an entrepreneur, where did you find yourself?
Are you a native entrepreneur or an employee that learnt to be an entrepreneur?