Self Employed or Business Owner

In the quest to starting your own business. Don't ever see yourself as self-employed, rather   consider yourself a business owner and yes there's a difference.
While you're self employed you are at the centre of the circle.
You're a key ingredient to the running of the business.  Without you there in person the business crumbles.


On the other hand as a business owner, you're able to set-up a system that enables the business work fine whether you're there or not .  Setting up a system depends on doing two things successfully


1. Delegate as much as you can. You cannot keep doing everything and being everywhere 24/7. You will in time break down and so will your business.
Take time out to teach your employees what to do  per time. Assign different responsibilities to them and take the load of you.


This leads to my 2nd point.


2. Empower your employees to make the right decisions by explaining your philosophy and thoughts process.


Delegation will utterly fail without empowering employees to make decisions. If they (employees ) have to come back to you for every answer and what to do (action) then you have not delegated effectively.
For employees you have delegated to to be successfully at their assigned task, you need to explain the philosophy and thought processes behind every decision you make.
When this is understood,  employees will know what to do whenever a similar situation arises again.


You can only successfully make the transition from being self employed person to being a business owner when you're  no longer necessary to the daily running of the company.


When this happens,  it frees you up to work on the business improvement, innovation & strategy needed to move the business forward.
This is where every entrepreneur should be ;outside the circle not inside.
This way, you're sure of your business out-living you.
Bottom line when you're self employed,  the business runs you. When you're a business owner, you run the business.


Eyitemi Adebowale
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