Entrepreneurship is risky and requires us to take a chance, but it is also inherently rewarding. Self-entrepreneurship is a risk-free way to start a new business.
The one thing that everyone wants more of when self-entrepreneurship is to be self-employed, even more so than employees.
A lot of people take their first job as entrepreneurs and think they will always be self-employed. And in many cases, they are. However, that is only true if they are not in a position to work for a boss or do the work themselves. In cases where people can hire a full time employee, this person is often forced to work for themselves while still being able to self-employ.
The risk that comes with self-employment is that you always have to take the hit on your expenses. The cost of a business is usually the first thing employees consider when deciding whether or not they can self-insure. So if you have to hire a person to work for you, then you have to pay the person something to work for you, and that requires an expense.
Self-employment is a huge part of the economy. Of course, people who are self-employed are also more likely to be older, have fewer assets, and have less savings. It’s not always easy to find work and pay your bills. Of the hundreds of millions of people who self-employ, fewer than 5% of them make much money. The people who are successful at working for themselves are generally highly educated and savvy business owners, and they’re not afraid to take the risk.
Self-employment is a big part of business, and, like retail, it can be incredibly profitable. Of course, the best self-employed people know that they have a lot to lose and can be very sensitive to potential loss. In fact, the two are best left as one and don’t attempt to negotiate the loss of their business as it’s their personal risk, not your own.
In the film, a few weeks after the business owner hires his first employee, the new employee goes on a one-day “business retreat.” While the CEO is on vacation, our hero decides to try to make the employee’s life a little easier. In the first scene, he asks the employee to do some odd jobs for him, like cutting the lawn. The employee replies that he’s not a lawn mower, and so he has to make a new job for himself.
The second scene starts off with our hero doing some odd jobs, just like he did before, but the employee is still reluctant. The CEO offers to pay him for the first job to see if he wants to continue. The employee agrees and asks the only question he has: what if someone gets killed? The CEO replies that it is a risk the company takes and so he doesn’t want to assume it. The employee agrees and the scene ends with a smile.
In order to assume a risk, one has to assume the risk that something will happen. For example, if you’re a writer with no experience, you have to assume the risk that your work will be rejected. The same applies to the risk of starting a business. What if this business fails? Of course, its much easier to assume that it will fail, but there is a real risk that the person who starts this business will fail. The same applies to starting an organization.
There are a variety of business models that can be used. The two most common are “passive income” and “passive expenditure.” Passive income is when you take money from, and give it to someone else. Passive expenditure is when you buy or sell something, or you buy something for someone else. In a passive income business, you keep all the profits, while in a passive expenditure business, you keep the price paid, and the investment you make.
