Self-Employed Person Vs The Business Owner
In this episode, Gary discusses the difference between a self-employed person and a business owner.
Gary explains why having a business owner mindset is key, as it will align you with success, financial stability, and your desired lifestyle. He highlights the three levels of business: the self-employed individual, the one-person army, and the business owner with its seven and eight-figure revenues. Gary takes you step by step through each level.
He addresses the entrepreneur's dilemma of guilt and contrasts the competing landscapes of self-employed individuals grappling with fierce competition and narrow margins versus business owners enjoying wider margins and lower competition. The transition from being hands-on to delegation means you need to change your mindset towards your business, this should include taking on mentorship. Gary emphasises the importance of being a visionary leader, the need to have a clear strategy, and why he works in 90-day sprints to propel his business forward.
What Is Covered In Today’s Episode Of The PRO Podcast:
The 3 different levels of business owner What marks the shift from self-employed to business owner How entrepreneur's guilt affects the transition into business ownership The key shift from "doing" to "delegating" and its requirements How to manage the challenge of losing control in delegation Why you need to have a business owner mindset for success
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