Go to your Facebook profile and start checking your friends’ profiles, I bet many of them would be “self-employed”.
Listen to the radio and hear what the “experts” and politicians advise the youths to do, you’ll see it’s to be “self-employed”.
But, I hate being self-employed for some reasons.
Hate being self-employed? Isn’t this Stephen who talks all the time about entrepreneuship?
Well, it’s me.
But you see, self-employment and entrepreneurship are two different things.
What self-employed people do is just as the name sounds, give jobs to themselves. The next best they do is to give jobs to one or two others.
Not a bad thing, but not the best thing either.
What then is bad in being self-employed?
- You Don’t HAVE a Business. Yea, what you have is a job (created by you). If you want to test my statement, ask any self-employed person to travel for a week, away from his/her business. He/she would probably not want to try such a thing, because his “business” depends on him and without him (or his child’s) presence, the business is not existing.
- You Work More Than Anyone Else. If you think your employer is a bad man, employ yourself. You’ll soon know that you’re the worst employer in the world. If your job requires that you work 10hrs a day and you’re complaining, just go and employ yourself and you’ll see yourself working 14hrs. Self-employed people work most, of all people in the world. While working hard is a good virtue, the next point makes me sad;
- You Can’t Be Rich As a Self-Employed Person. Even though you’ll have to work harder than everyone, you can’t be rich as a self-employed individual. Most times when I hear media or politicians advising the youths to be self-employed, I feel like slapping the adviser. The reason is simple; self-employment can make no one rich. But why? Because there is no means of leveraging on other people’s time and energy. What you or your two employees earn is what you get. You cannot grow beyond your capability non expand to several locations. Nobody makes meaningful money this way. To be rich in the business world, you must be able to leverage on other people’s time, energy and skills. This may mean 50, 100 or 1,000 people working for you.
- Self-Employment is Bad for Our World. Why encouraging people to be self-employed while it’s better to encourage them to be business owners? A business owner can employ 50, 100, 1,000 or more people, so reduce the unemployment rate in our world, while a self employed individual can hardly employ 10 people. We must stop preaching self-employment. It doesn’t make sense, does it?
- The Difference Between Being Self-Employed and Being an Entrepreneur is Not That Much. I think what this generation lacks is the understanding about what our young souls should dream and pursue with their lives. It’s not that we lack strengths or required capability, but we lack right education. Our elders encourage us to be good students so as to get good jobs. Whenever job is not forth coming, the next advice is as bad as the first one; be self-employed. Now I see many people who think they “own” a business, because they are self-employed, not knowing that they simply own a job. Before some people would be confused, let me explain the difference. The likes of Kenturky Chicken, Mr. Bigs, Coca Cola etc started with the idea that seemed like “self-employment”, but along the line, these business minded people learned how to build a Standard Operating System around such ideas, leverage on other people’s time and engage thousands of people to work for them. That period of scaling from being self-employed to being a business owner is what most people never do. The difference between being self-employed and being a business owner, most time, is your ability to build your business on a viable business idea and your ability to read, learn and master how to build a Standard Operating System that would allow your business to be handled by other average people, even without you.
Your goal should be to own a business, not to own a job.
If you OWN a business, that business should be able to run without you.
I love the story of Mike Adenuga. In the years 2002/3 there about, he was having issues with the then Nigerian president (president Obasanjo). The battle between them was so tough that the president was willing to lay hand on him.
He flied away from the country and stayed exile about 18 months.
The good part is that, 18 months after he returned to the country, his business was still moving and growing.
This is what it means to own a business. This is what should be the dream of every aspiring entrepreneur.
Nobody needs to create job for himself. We can create business instead.
To do so, you must understand these two things;
You business must be built around a unique business idea and you must read about how to build business systems.
I’m in the middle of this process for my young company and I must tell you that it’s very interesting.
What is all my noise in this post all about?
It doesn’t make sense to be self-employed.
Though most successful business owners would have to start their business career as self employed individuals, there must be a quick exit to the next level.
I love you and wish you success!