Are you an Employee or an Entrepreneur?

Do you think like an employee or an entrepreneur? One will turn your business into a job and the other into a business. What are you and does it matter?

Yes, it does, and it could be the most important mystery that you could discover that will
unlock the potential of your business.

Where do you sit in the pecking order of your business and are you a worker, supervisor,
manager or director and do you have the mindset of an entrepreneur?

Workers do the everything and as the owner you would most likely be a sole trader who is very good at doing the work and doesn’t get paid much. The business would be hard to sell as it is only a bought job and mostly the customers only buy because they like the owner.

Supervisors get it a bit better as you can give the work to others but need keep a close eye on what is happening, or the work stops. However, you have now burdened yourself with payroll duties. This business is also hard to sell for the same reason as before.

When you become a successful manager, you need to have developed your people skills and the most important of these is delegation without which it all falls apart. However, your business is now worth something and could be a multiple of 1 to 3 times profit depending on the industry etc.

The final level is moving up the pecking order to director and strategically leading the business. This is when the business becomes worth a whole lot more than the other levels.

To bring this all together and to move through the pecking order from worker to director you need to have the entrepreneurial mindset meaning you do what it takes to get there.

If you want to discuss this further and find out if you have the entrepreneur mindset, send me a DM and let’s talk about it.