How To Know If You’re An Employee Or An Owner

Do you know who you are?

Your first step is determining whether you have what it takes to be an owner, or if you’re better off staying an employee.

As Gary V says, everyone wants to have their title on social media as owner or entrepreneur.  When in reality a lot of people would be better off being the #2 person at a company.  

Everything is about finding out who you really are and then aligning your decisions and actions with what works best for you.

Below are the pros and cons for being an employee or an owner.

Employee Pros and Cons

  • Pros:
    • Consistent work (If the company you work for is established.)
    • You know how much you will make working “x” amount of hours.
    • If something goes wrong, you still get paid your hourly rate.
  • Cons
    • Low Pay
    • Rely on someone else for hours/pay
    • No real way to increase your pay.
    • Aches and pains if you’re doing this for 10+ years.
  • Final Thought
    • If you are not 100% pationate about starting a new company then don’t!  There’s going to be too many hard days that will cause you to quit.  The only thing that will keep you going is that driving force deep inside you that push you past what you thought was possible.

Owner Pros and Cons

  • Pros
    • You determine your pay.
      • Need more money?  Either raise your price or book more jobs.
    • Make money off of your employees hard work.
    • Make your own schedule.
      • Definitely not in the beginning but after a few years it gets easier.
    • Cons
      • Everything is your fault, whether good or bad.
        • Screw up measurements and you will have to eat the cost.
      • Can lose money on jobs if something goes wrong or you bid incorrectly.
      • Responsible for insurance, license, etc.
      • Extremely long hours in the beginning.
        • But you know what?  A bad day working for yourself is so much better than a good day working for someone else!
    • Final Thought
      • For me there is no other choice than to be an owner, I would feel trapped any other way.  If you still are unsure you can always try starting a side hustle on the weekends and see if you like it.  That’s what I did and my life has changed drastically because of it.

So are you destined to be an owner or employee.

If you’re an owner sign up for our email series to get tps every few days to improve your business and your life.  

If you’d rather be an employee, invite your boss to visit the site.  After all, the more customers they get, the more work you get!

 

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Joe Migrala

Joe Migrala

My goal with this website is to help the fence industry run better businesses and live better lives.

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