Listen as Forrest and Daniel talk about the key differences between being an employee and owning your own business.
Key differences between employee vs business ownership:
- Employees can expect an organizational framework, like the military. Business owners have to create their own.
- Employees have a job description. Business owners have to do everything that someone else isn’t already doing.
- Employees get paid in a predictable manner. Business owners get what’s left over (for better or worse).
- Employees can put in their time and go home. Until they create systems that allow them to ‘let go,’ business owners are always thinking about ‘what’s next?’
- Understand the compliance regulations and what responsibilities you have (hint: they’re a lot more as the business owner)