How do you decide whether to become an employee or to set up your own business?


Manage episode 298667260 series 2948641
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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)

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