In this episode of The Amazing Seller Podcast we're going to discuss the pros and cons to becoming an entrepreneur. The truth is that not everyone is cut out for becoming one. It takes a strong…driven individual and lots of hard work.
In the show I break down the two different business models.
Business Model #1
1. Work for Someone Else – The 9 to 5 Model
—They Handle Everything – You Work To Build Their Business
—You Go Home – Turn Off The Business
—Small Raise or Bonus (12 Months)
Business Model #2
2. Work For Self – Own Boss
—You Create and Build Your Business
—Make Own Hours
What it Takes to own your own business and become Entrepreneur.
1. Having Strong WHY?
2. Understanding Business 101 – What It Takes
—B. Accounting + Taxes + Insurance
—C. Marketing – Advertising
—D. Diversification – Revenue Streams
3. Willing To Take Risks
—A. Lose Money
—B. Lose Time
—C. Willing To Fail
4. Self Motivate & Discipline – Work Everyday
5. Have Backup Plan – Investments and other Channels
So, if you are someone that wants freedom and is willing to put in the work…go for it!
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