It is not all glamorous being an entrepreneur. Many people look at entrepreneurs especially their employees and are quite envious of their accomplishments and wealth. I had employees of of some of my clients that felt as though the owners were overpaid. The envious person is really blinded by the outer appearance. They fail to see the whole picture clearly. Regardless of whether the business owner receives revenue or not, guess what the employee still has to be paid. If an employee makes a customer error, the worst thing that could happen is that their employment will be terminated. However, the business owner could possibly loose everything if they are sued by the customer. The envious person also does not see the sweat and equity that it takes to build a successful business, the sleepless nights spent worrying how the company will cover payroll or how the company will finish that big job order that came in when half of the employees did not come into work. The rewards are great of owning your own business, but the risks of owning a business are even higher. Next time your looking at the greener grass on the other side, make sure you are looking through with corrective vision!
Wednesday, June 23, 2010
Sunday, June 20, 2010
I was reading an article yesterday on yahoo finance on practical ways of becoming a millionaire. The writer stated that when he was 19 years old a mentor instructed him to view investing as a regular monthly bill. I heard this advice repeatedly throughout my years. Today is a different ballgame. The world is deep into a recession. Many people today are struggling just to pay the mandate and necessary expenses. If you are barely able to make the mortgage payment or keep the electricity on, is saving for retirement really feasible? What are your thoughts?