Self Employment vs Business

Self-Employment-vs-Business-large

Opus Communication believes that if you want to have your own business, you must know the difference between “Business and self employment

Self-employment is mostly what people create when they try to start their own business. So self-employment is basically a job but the only difference is that you no longer have a boss. You are both the boss and the employee.

Certainly, self-employment is more fun than working for someone else. But it has many problems. The biggest problem is over-work. For example, many lawyers are self-employed. But they work too much– 50, 60, 70, or more hours a week. In many ways, they don’t own their business but their business owns them.

During self-employment, you are basically doing the same job you used to do for someone else. A key trait of it is that your business only makes money when you work. If you take a vacation, your business stops making money (or makes less).

On the other hand, a true business is something different. It is not the same as a job. A business is an organization of systems/procedures. It continues to work even when you are not working or present. You create systems/ SOP by automating your business and/or training others to do parts of it. Your goal is to create a business that can run without you. Ideally, you should be able to disappear for 6 months and the business continues working well while you’re gone away.

This is quite easier said than done. To achieve this, you must organize every part of your business. You must simplify all tasks and train people to accomplish them easily and own responsibility. You must create a strong, clear management system. You must automate every part of the business that you can, so that things happen automatically.

Jawaria Akhtar

About 

    Find more about me on:
  • googleplus
  • facebook
  • pinterest
  • twitter

Comments

comments