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Lifestyles of the Rich and Not-So-Rich Entrepreneur

So your new to this lifestyle, are you? You’ve worked a few jobs in your life, but nothing quite matches what it’s like to own your own business. So many changes! Some things you were prepared for, and others, well, nobody told you about those, did they?

The biggest difference between working for someone else and working for yourself lies in the realm of responsibility. Whereas an employee is not responsible for the business he/she works for, an entrepreneur is responsible for everything—period. Paying for inventory, keeping the lights on and making sure goals are met all fall on the shoulders of the entrepreneur.

Looking in from the outside, entrepreneurism appears to offer everything a businessperson would want: making your own hours, righting your own paycheck, and answering to no one but yourself. Sounds great, doesn’t it?

It is!

But being your own boss also comes with a few other pieces of baggage. One of the challenges new entrepreneurs face is coping with lifestyle changes brought about by being the guy or gal in charge—the buck starts and stops with them. Leaving your work at the office isn’t as easy as it was when they just had a job. Schedules change, costs rise and decisions must be made. The entrepreneur must be focused and flexible in a way employees will never know.

The window is wide open for entrepreneurism as technology and the information age, or thought era, create new opportunities. Leaders and teachers abound and support is there. Are you ready to jump? Entrepreneurism, although refined, is nothing new. Throughout history, humankind has survived and thrived through entrepreneurism. Hunter-gatherers traded goods and services, and eventually farmers traded with carpenters and tailors. The contemporary entrepreneur does the same.

That dream you’ve been holding onto might be coming into its own in the very near future. Will you be prepared when the time is right, or will you hold back out of fear? If you educate yourself and plan carefully, there’ll be nothing to fear. Knowing what you want and how you want to get there is more than half the battle. The more prepared you are, the more likely things are to fall into place.

Are you nervous about making such a drastic decision? Does it feel safer to stay where you are? Working for someone else might feel more secure in that you feel confident your bills will be paid. But as any one of the millions of people who lost jobs when the economy took a nose dive and they’ll tell you this is a false sense of security. Some had been loyal employees for decades—something that matters very little when the company you’ve helped to sustain can no longer stay afloat.

Please watch this short video. Knowledge is power!

Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee, http://www.123Employee.com. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Business Live! http://www.BeyondBusinessLive.com inspires entrepreneurs to meet challenges head-on in with revolutionary new theories and systems allowing them to design the business and personal lifestyles of their dreams.

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