Understanding Business Ownership vs Self-Employment…
Most likely, if you are still employed, you fit under the business ownership employee section. Someone else owns the business and you exchange your time for money.
If you were self-employed, you’d actually work for yourself, by yourself. You may trade your hours for money or work for a fee or a commission. What income you generate is pretty well dependent on you doing the work and getting paid for it.
Now grant you, you don’t have the headaches of employees or have to worry about paying out unemployment taxes or insurance, but you may also not have any benefits unless you are paying them already to an independent source.
A business owner will hire people so he doesn’t have to do the work while working on making his business larger. Being self-employed will not give you that luxury.
Hiring someone to do the work is called leverage. Leveraging is very powerful and having an internet business really can be the best leveraging tool to have. Leveraging will give the business owner more freedom and more wealth.
Now as a self- employed individual, you can take advantage of leverage.
However, to really achieve goals such as never working again in your life, you will need to be a business owner. Any situation can be turned to business ownership, even one the internet. Especially one on the internet!
You will have systems in place that will work for you 24/7, whether you are there or not. Depending on what you are doing, you can actually hire others to ie: write articles, host your sites, invest your earnings, build your website…, be a self-employed business owner.
The best business model is one that combines both the business owner and the self-employed model. It really isn’t hard if you learn how to do it right from the start and there are countless sources from which you can learn.
If you are reading this post, then you have just tapped into one and accessing free information can be quite helpful at any time. For example, the free report offered on this site “How A Beginner Can Jumpstart A Successful Network Marketing Business In 5 Easy Steps.”
