|
SELECTED PRESS RELEASE:
|
|
posted on:
4/24/2012 11:14:59 AM EST
|
Are You a Slave to Your Business?
IBO, entrepreneurship, mental attitude, mindset, business ownership
 VISIT WEBSITE (learn more)
|
As an Independent Business Owner (IBO), you're here because you want to be financially free, you want wealth and the security that brings. You want the personal freedom to enjoy living life as you want to, when you want to.
The path to TRUE financial freedom has many twists and turns and often a treacherous bridge in the middle of it. Most people can't cross it because they don't know how.
If you would, imagine two islands connected by this bridge. On one island the people live in slavery, day in, day out. On the other island, the people just lounge by their pools without needing to lift a finger if they don't want to.
There are two types of people on each side: Employed and Self-employed - on the slavery side. On the pool side - True Business Owner and Investor. Let's look at why....
The Employed group is the one most people are in. They work for a superior, have limited time off and even need approval for that. They are, by definition, a liability on the corporation's profit and loss account. Usually paid an hourly rate as low as the market will stand. They are obviously the most trapped of all four types.
The Self-Employed group here, is where most budding entrepreneurs and professionals get stuck. They now work for themselves, but note the operative word 'work'. They still work, only for themselves. Having a corporation or LLC does NOT mean you're not in this group! Unless you pass a test I'm going to give you now, you may as well be employee or a 1099 contractor, It doesn't matter what kind of corporate structure you have.
So how do you know if you're in this group? Simple. Just answer this question:
"If you didn't touch your business for a month and stayed in bed instead, would it still be there when you got back?"
If you answered 'no' to this question, YOU DON'T OWN A BUSINESS, YOU OWN A JOB! All you've achieved is changing employers. Sure, you may earn a bit more money now. You might even be able to goof off a bit here and there. You're in charge of your own destiny now. So it's certainly better than being an employee, but you're still a slave. You may be the slave master as well now, but you're still a slave.
This is NOT financial freedom. You have to work on your business or you won't have a business. This is why most doctors, lawyers, and other professionals will NEVER be financially free. Many will NEVER cross the bridge to the swimming pool island until they retire, and too old to work. Sure, they may all have swimming pools, but they're NOT able to sit gazing into it all day (or doing whatever they want).
This is The Big Trap for most people who graduate from being an employee to an IBO for this simple reason: BECAUSE THEY HAVEN'T STOPPED THINKING LIKE EMPLOYEES. They're still brainwashed by this antiquated notion of a 'work ethic', and they feel the need to shuffle paper from 9-5. And that's where they'll stay in most cases- on the slavery island.
However, their passage across the bridge to the swimming pool island could be swift and simple! All they'd need to do is have two wise sentinels escort them over... those two sentinels are named: 'System' and 'Royalty'.
Now, on the swimming pool side of the bridge, we have these two types of people: True Business Owners and Investors.
The True Business Owner had the help of System and/or Royalty, and now he has true freedom. He can just sit by the swimming pool all day if he chooses. Let's look at each of these two powerful sentinels:
SYSTEM: Does the CEO of McDonald's flip burgers? Does the CEO of Starbucks steam milk? No. Because they systematized their businesses so anyone could do it. They wrote a foolproof manual on how to run their business, and then had other people do it. What's more, once they had a system, they could sell the franchise to their business and make even more money. But the point is this: if they didn't show up for a month, the income would still come pouring in. They own a business, not a job.
Now, at this point most people argue and insist that what they do can't be systematized. In some cases this is true, but most times it isn't- they just haven't sat down and written out what it is they actually DO each day in simple language, and/or invented a way that anyone could do it. Most people are resistant to this because they're still thinking like employees- it's not in an employee's best interest to figure out a way to be replaced!
ROYALTY: This a payment for the use of something you created. Like an App, or a song, or a sales letter and product. Once the initial work is done, you just kick back and collect a royalty while you splash your feet in that pool. People stuck in the employee mind set have trouble with this because there's a feeling of working with no guarantee of payment. Get over it if you want the pass to swimming pool island.
The other resident on the swimming pool island is the Investor. This is someone who's made good money as a True Business Owner, and now he doesn't work for money, money works for him. He probably doesn't stop being a True Business Owner because why should he? He's both. The Investor is able to sit by the pool because he made enough money to put into investments: stocks, bonds and/or property. Stock dividends and/or rental income.
Once you figure out where you are, perhaps this can be some inspiration to transition from Employee to True Business Owner and make that crossing onto Swimming Pool Island..
(more on how to finance your dream www.ibourl.net/Royalty7
(concept and inspiration for this blog from the "League of Power" newsletter)
|
|
BUSINESS OWNER COMMENTS:
|
leave comment
|
|
** You need to be a member of IBOtoolbox to comment. Click Here to create free account.
|
 | | Hi Johnny, superb post ,i read something the other day...job..just over broke! people need to adjust their mindset to fire their boss if they want to be financially free,opportunity is here on IBO toolbox |
| | |  | | This is a serious blog about business ownership that digs deep and needs to be reread a few times to get the different elements. I would like to think of myself as true business owner...although I probably work too much like an employee...at this stage only. |
| | |  | | Thx Johnny. A nice way of presenting your personal thoughts and analogies etc to capture the simplicity of your focus. Brilliant blog. I thoroughly enjoyed it! Keep up the great work & I wish you the very best of end results. |
| | |  | | Thanks for sharing this information on the benefits of being and Independent business owner and the mindset you have to have! Great post Johnny! always like reading your blogs! ;) |
| | |  | | Thanks for this Johnny. Something you said, it was the question which I answered with a resounding yes, struck me as a question of mindset. When one is absolutely clear on what they want, they get it. When one is not clear, they take whatever is available to them. They are too many people who do not get the opportunity to love what they day and do what they love. It all bottoms out at mindset. Change your mindset, get a real life and live the dream of being who you truly are. Love it! |
| | |  | | Johnny thank you for your insight on how to transition from Employee to True Business Owner. |
| | |  | | Mindset is right and this is a requirement for all business owners to be successful. Making that switch from employee to business owners mindset is a step up to having residual income, and this is what will lead to you chilling by the pool side because you have built it to run automatically. ~Terri Pattio - MLM Coach/Mentor with a servant's heart |
| | |  | | I am a slave to my business but she is a wonderful and giving mistress. |
| | |  | | Excellent blog article Johnny > Congratulations! As an active entrepreneur and investor I agree with you 300% on the swimming pool pictured idea. Your thoughtful words just inspired me on writing my next blog. Mentality transition and, in the end, a total change is quite a challenge for an employee. We all know that because, at times, we were there, too. Thank you Jonny. |
| | |  | | Johnny this is an excellent picture painting that anyone can see...even with their eyes closed. Thank you my friend. Gotta share this with my friends! |
| | |  | | Great information on Royalty7, Johnny. I see it working everyday. More people should really check this one out. No matter what business opportunity they are in, everyone could use more passive investments. |
| | |
|