Career Tip 1 Act Like You Own the Place
Below is a MRR and PLR article in category Business -> subcategory Careers.
Career Tip #1: Act Like You Own the Place
Summary
Eager for a raise? Start acting like you own the place to make it happen!Keywords
Career, The Millionaire Next Door, success---
Owning my own company since 1988 has shown me that many people have dreams of having their own business. When I ask them why, the answers often include setting their own hours, earning what they're truly worth, or not having to answer to anyone. However, these reasons reveal a misunderstanding of what owning a business truly involves.
While being a business owner means you don’t need permission to come and go, it doesn’t grant you total freedom. Most owners work more hours than their employees. A medical device manufacturer in San Antonio recently told me he can leave whenever he wants?"after putting in 80 hours a week.
Seeking financial independence is a valid motivation for starting a business. According to "The Millionaire Next Door" by Tom Stanley and William Danko, self-employed individuals are four times more likely to become millionaires. Yet, aspiring entrepreneurs often overlook that figures like Henry Ford and Walt Disney went bankrupt before finding success. For every Donald Trump, countless others struggle with cash flow and payroll challenges. Estimates suggest that the average small business owner in the U.S. may earn an annual profit as low as $10,000. While business ownership can increase your chances of becoming a millionaire, it also means potential earnings below minimum wage. I caution those who expect business ownership to reflect their worth, as the reality can be surprising.
Though business owners don’t have a direct supervisor, they remain accountable to various pressures: creditors expecting payments, demanding customers, and sometimes a spouse wondering why the mortgage isn’t paid despite 100-hour workweeks.
Hollywood often distorts the image of business owners, portraying them as wealthy and carefree, like Mr. Potter from "It's a Wonderful Life" or Mr. Burns from "The Simpsons." In reality, owning a business involves hard work and endless responsibilities. Business owners don’t get to say, “That’s not in my job description.” They serve as the "chief cook and bottle washer," tackling any task that arises.
Employers are used to employees doing just enough to meet job descriptions. That’s why many job descriptions now include "...and all other duties as needed." However, those who truly excel in their careers don’t wait for instructions. They address whatever needs doing, whenever it needs to be done. In other words, they act like they own the place.
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