How do you know if “Entrepreneur” is right for You?
- Dayaks are poor
- Dayaks lack of employment
- Dayaks are mostly employees and/or government servants
- Dayaks lack of business opportunity
- Dayaks are underprivileged
- Dayaks are underdeveloped
- Dayaks are far behind in economics as compare to others
- Dayaks lack of capital
- Dayaks do not any listed company
- Dayaks lack of corporate exposure
Dayaks are looking into business ownership as a means to supplement, or even replace their current or former incomes. Some Dayaks say that “with big funds” they can achieved success in business ownership. But how do you know if entrepreneurship is a good fit for you?
Before you quit your job (or even take on a part-time entrepreneurial enterprise), here's a short checklist that compares and contrasts the differences between being an employee and an entrepreneur.
Different Values
The term "entrepreneur" is derived from the French language and means "one who undertakes (some task)". Entrepreneurship is indeed an enormous undertaking.
Many of the qualities that make people great employees do not translate well into entrepreneurship, and vice versa.
Both employees and entrepreneurs want the same thing: financial stability. But employees and entrepreneurs have completely different values, and therefore, take different approaches to achieving financial stability. Identifying which group to align with is one of the very first tasks to accomplish.
Views on Failure
Many of us were raised to try and avoid mistakes, as their consequences can be dire and difficult to rebound from. As a result, many people fear failure, are risk averse, and will hesitate, or even neglect, to take necessary courses of action in their businesses.
An entrepreneur understands that it is impossible to avoid risk, and failure is sometimes a reality of doing business, but is never finite.
Entrepreneurs consider failure, but only as part of determining the most direct route towards an outcome, and should never be feared or avoided.
Delegation
Most employees buy into the idea that each person should be judged and rewarded for their individual efforts. Consequently, many employees spend their time specializing in particular fields where they can be lauded as "the best" in that area.
Entrepreneurs believe in cooperation as a means of getting more done with fewer resources, and they leverage the individual talents of many towards a common goal.
Security versus Freedom
Many people that go into entrepreneurship do so as a means to seek the security they feel is lacking at their jobs. The problem with this mentality is that many business ventures require time, and sometimes major adjustments, before turning a profit, making security extremely illusive.
An entrepreneur goes into a venture to express a level of freedom that cannot be achieved as an employee.
Many entrepreneurs sacrifice their own personal security for the sake of creating a stable enterprise, refraining from taking money out of the business in the initial stages, which sometimes lasts for months, or even a few years.
Innovation
Many people do better as employees because they prefer to be supervised. Employees prefer to leave the actual strategy and much of the big picture planning to the executives and supervisors.
On the other hand, entrepreneurs look for opportunities to improve old systems or create new ones. They are self motivated and require very little supervision.
Evaluating Opportunities
Employees tend to judge opportunities based primarily on cost in ringgits and cents. Employees prefer to trade their time for the predictability of a steady paycheck. Entrepreneurs evaluate opportunities based on value.
Entrepreneurs often leverage money to save time and other resources, or they trade their time for the prospect of learning a needed skill or building a business relationship.
Responsibility
Employees prefer to take responsibility for their own work or projects they are directly in-charge of. Many employees do not feel directly responsible for the success or well-being of the company they work for as a whole.
Entrepreneurs prefer that the company's success begin and end with them. They take responsibility for everything that happens, whether or not their direct actions are involved.
Conclusion
In closing, there is no right or wrong way to travel the road to financial stability. There are both pros and cons to each approach.
Making an honest assessment of yourself and your inclination towards one method or the other will save you a great deal of time, effort, frustration and expense. But as usual, don't just take my word for it...takes it for checking!
Business is not employment. Business is about development for more business. Your primary business is to generate as many profits as possible. Zero profit your business will kaput and close shop.
Thank you
Before you quit your job (or even take on a part-time entrepreneurial enterprise), here's a short checklist that compares and contrasts the differences between being an employee and an entrepreneur.
Different Values
The term "entrepreneur" is derived from the French language and means "one who undertakes (some task)". Entrepreneurship is indeed an enormous undertaking.
Many of the qualities that make people great employees do not translate well into entrepreneurship, and vice versa.
Both employees and entrepreneurs want the same thing: financial stability. But employees and entrepreneurs have completely different values, and therefore, take different approaches to achieving financial stability. Identifying which group to align with is one of the very first tasks to accomplish.
Views on Failure
Many of us were raised to try and avoid mistakes, as their consequences can be dire and difficult to rebound from. As a result, many people fear failure, are risk averse, and will hesitate, or even neglect, to take necessary courses of action in their businesses.
An entrepreneur understands that it is impossible to avoid risk, and failure is sometimes a reality of doing business, but is never finite.
Entrepreneurs consider failure, but only as part of determining the most direct route towards an outcome, and should never be feared or avoided.
Delegation
Most employees buy into the idea that each person should be judged and rewarded for their individual efforts. Consequently, many employees spend their time specializing in particular fields where they can be lauded as "the best" in that area.
Entrepreneurs believe in cooperation as a means of getting more done with fewer resources, and they leverage the individual talents of many towards a common goal.
Security versus Freedom
Many people that go into entrepreneurship do so as a means to seek the security they feel is lacking at their jobs. The problem with this mentality is that many business ventures require time, and sometimes major adjustments, before turning a profit, making security extremely illusive.
An entrepreneur goes into a venture to express a level of freedom that cannot be achieved as an employee.
Many entrepreneurs sacrifice their own personal security for the sake of creating a stable enterprise, refraining from taking money out of the business in the initial stages, which sometimes lasts for months, or even a few years.
Innovation
Many people do better as employees because they prefer to be supervised. Employees prefer to leave the actual strategy and much of the big picture planning to the executives and supervisors.
On the other hand, entrepreneurs look for opportunities to improve old systems or create new ones. They are self motivated and require very little supervision.
Evaluating Opportunities
Employees tend to judge opportunities based primarily on cost in ringgits and cents. Employees prefer to trade their time for the predictability of a steady paycheck. Entrepreneurs evaluate opportunities based on value.
Entrepreneurs often leverage money to save time and other resources, or they trade their time for the prospect of learning a needed skill or building a business relationship.
Responsibility
Employees prefer to take responsibility for their own work or projects they are directly in-charge of. Many employees do not feel directly responsible for the success or well-being of the company they work for as a whole.
Entrepreneurs prefer that the company's success begin and end with them. They take responsibility for everything that happens, whether or not their direct actions are involved.
Conclusion
In closing, there is no right or wrong way to travel the road to financial stability. There are both pros and cons to each approach.
Making an honest assessment of yourself and your inclination towards one method or the other will save you a great deal of time, effort, frustration and expense. But as usual, don't just take my word for it...takes it for checking!
Business is not employment. Business is about development for more business. Your primary business is to generate as many profits as possible. Zero profit your business will kaput and close shop.
Thank you
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