There is a universe of difference between being a business owner and being an employee. Corporate employees who gave up their desk jobs and started their own businesses know this only too well. Let’s look at some of these major differences in detail.
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Employees have a simple mindset. Do their jobs well, get a bonus, and perhaps snag a promotion. Business owners, on the other hand, have a more complicated, worried, and even austere mindset. Business owners are almost always thinking of ways to expand their businesses, to make and save more money, and a host of other affairs essential to business survival.
Employees also do their jobs to get something in return. They perform their tasks with the notion that the company they work for owes them money for their time. Business owners cannot be more different. Business owners treat their companies like children. They spend a lot of time and effort helping the company grow, taking as minimal money from it as possible.
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Responsibilities of both employees and business owners are also worlds apart. Employees would probably have two, maybe three tasks to accomplish in a normal company. The preoccupations of business owners, especially start up owners, are, for lack of a better word, daunting. Business owners have to think of solutions for countless and constant problems. Their tasks also encompass administration, operations, and finance.
The rewards for doing a good job are also incomparable. Whereas employees can be entitled to bonuses and promotions, business owners, at their peak, have the potential to become multi-millionaires, or maybe even more.
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