How to Be Your Own Boss
Be your own boss's ideas? Don't just think it but do it. You may be one of the people that think retrospectively, and you realize you have spent many years sharecropping on someone else’s business. Still, you have little or nothing to show. According to Lee Iacocca, If you don’t like it, get out of it because you’ll be lousy at it. You don’t have to stay with a job for the rest of your life because you'll never succeed if you don’t like it.
During such thoughts, the decisions you could and should have taken run through your mind in droves. Your thoughts summarise that you have come to terms with the fact that you were an employee. Even after years of toiling, you cannot live how you want, whether poorly, averagely, or highly paid. You need to find a way to afford the things you wish continually and conveniently with your working salaries.
Summarily, you still need to achieve financial independence. Simple!
The scenario above differs from saying financial independence is impossible as an employee. It indeed is, but economic freedom is very infrequent among employees. Robert Kiyosaki explains this fact with his brilliant cash flow quadrant model to be your own boss.
The model explains that you will always fall in any of the four following categories in making money. Of those who have jobs (employees), those who own jobs (self-employed), those who own a business system (business owners), and those whose money works for them (investors).
The four categories form the acronym SEBI. Each class has its peculiarities and value of why the four types are on different sides of the cash flow quadrant. Employees and self-employed are on the left, while business owners and investors live on the right. There is a mind play on where you stand on the quadrant and why you stand there.
The answers are plausible. You are an employee because you need security, a secure job that brings steady income, probable promotions occasionally, and nothing else. You are self-employed because you believe in operating by yourself. You are a business owner because you want to be your own boss and are intelligent enough to know that running alone brings limitations. Such people build systems and networks and employ efficient brains to keep the business working.
In this case, they own the business, but others work for them. You are an investor because you know how to send your money on good errands. They invest their money while the employed and self-employed sweat out to make the investor’s money yield.
There is no gainsaying that those domiciled on the right, namely business owners and investors, are the bosses and provide a clue on how to be your own boss. They have the money; they own businesses, have the liberty, and pick the brains of those on the left but make the decisions. They don’t get fired; they fire those on the left.
Finally, the icing on the cake is they are not attached to a job. But call the shots like a boss. So who doesn’t want to be a boss?
How to be your own boss
You can migrate from the left quadrant to the right if you discover yourself on time and decide to be your own boss. Of course, it does not come on a platter of gold. The journey may require you to get more skills, especially financial intelligence, take risks, absorb valuable lessons from first-hand experiences, be they positive or negative, research, become creative, cut back on spending, and so on.
Stay calm about the requirements; be confident that all is yours in the long run. Being a boss will take you out of your comfort zone. Your migration doesn’t have to come with one leap; you could break a leg.
You could gradually enter the correct quadrant by staying employed and making money. The money can either be used to build a business, take you to the “B” quadrant, or invest your income, thereby taking you to the “I” quadrant. In reality, what do you invest if not money? You position yourself here until you are sure the money flow is steady. You can permanently vacate the “E” quadrant.
Finally, being your boss does translate to something other than lazing around in your pajamas. What you put into the business time and resources wisely is what you get. In the end, you will fall in love with the boss, which is you.
Perhaps one of the best means of migrating – even while still on a job – is network marketing, a tested and proven means of ending poverty and setting you on the path to self-dependency.
Ask me how.
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