Have you ever wondered what it takes to transition from an employee to an entrepreneur? And what are the key differences between employees and entrepreneurs?
It all starts with having the right mindset and making adjustments to your daily routine as well as habits.
Employees are generally classified as followers and entrepreneurs are generally classified as leaders. However, it’s hard to say that for sure because everyone is a follower in a sense.
To be a good leader, you must first be a good follower.
In this article, I am going to provide you with key differences between employees and entrepreneurs.
That way if you are trying to make the transition, you’ll be able to see if you have what it takes to become an entrepreneur. Without further ado, let’s get started!
#1. Employees Are Limited In Their Responsibility While An Entrepreneur Is Responsible For Everything
An employee is usually responsible for things in his or her department. While an entrepreneur is responsible for everything.
#2. Employees Seek For Help While Entrepreneurs Creates The Solution
An employee tends to seek help because they have people above them. While an entrepreneur is more willing to create a solution to keep moving forward.
#3. Employees Are Afraid Of Risks While Entrepreneurs Are Always Up For A Risk
While it’s easier and more consistent to earn an hourly wage. An entrepreneur is willing to take the risk and even work for free in the beginning because they know. The effort that they put in can be far more rewarding even though it’s risky at first.
#4. Employees Get Paid For Their Job Title While Entrepreneurs Only Gets Paid For Their Results
Employees are often paid consistently based on an hourly wage or a salary. So as long as they do their job, they’ll get paid. Whereas an entrepreneur only gets paid for their results. If they produce no results, they won’t produce an income.
#5. Employees Do The Work While Entrepreneurs Creates The Work Path
No matter what business we’re talking about, the employees are the ones that do the work. But in order for a job to be done effectively and efficiently, the entrepreneur has to create a work path that is productive in order to keep the workflow smooth. Entrepreneurs are not only focused on getting the job done, but the best way possible.
#6. Employees Get More Social Interaction While Entrepreneurs Are Usually Alone
As an employee, you get the luxury of working around other people. While an entrepreneur is usually alone (more so at the beginning).
#7. An Employee Perceives A Vacation Differently Than An Entrepreneur
As an entrepreneur, I enjoy my vacation because it allows me to be even more productive with my work. A vacation for me usually means more time to focus on my priorities to make more money. (While I’m on vacation, I’m not only traveling, but I’m also updating and working on Smart Affiliate Hub). While an employee may perceive a vacation as time off to relax, watch television, or go to the beach.
#8. Employees Are Usually Specialized In One Particular Job While An Entrepreneur Knows A Little About Everything
Sure you can say that an entrepreneur is a jack of all trades. But it’s the entrepreneurs with a little bit of knowledge about many different things that empower the specialized employee to work for them.
#9. Employees Are Comfortable With Stability While An Entrepreneur Understands That Stability Is Not Always The Best
Most people enjoy stability such as relationship, income, etc. That’s why choosing to work for an employer as an employee is a no brainer choice. However, as an entrepreneur, he or she only views stability as a limitation. For example, if your income is stable, you’ll hardly ever see a growth. As an entrepreneur, building a business such as an online business will not generate stable income at first, but there’s far more room for growth.
#10. Employees Are Executioners While Entrepreneurs Are Planners
As an employee, you’ll take your job day by day (short-term). You go to work, complete your task, go home, and repeat the following day. As an entrepreneur, you’re planning for long-term growth for your business.
#11. An Employee Is Working To Produce For Someone Else While Entrepreneurs Are Working To Produce For Themselves
When you’re working a job, you’re building an empire for someone else. While an entrepreneur, his or her focus is to build his or her own empire.
#12. An Employee Works While An Entrepreneur Sells
An employees job is to work and get the job done. While an entrepreneur, his or her duty is to sell all the time. Whether it is to sell themselves, sell the company, sell the product, and even sell why people should work for them.
#13. Employees Have Their Days Planned Out For Them While Entrepreneurs Plan Their Own Schedule
An employee doesn’t have to worry about planning out their days. They let their superiors do it while entrepreneurs plan their own to ensure that he or she is effective and not wasting time.
#14. Employees Hate failure While Entrepreneurs Believe Success Is Nothing But A String Of Failure
Let’s face it, we’ve all failed some point in our life. Sometimes even multiple times before learning. The key is to learn from your failure and that’s something employees hate. They hate failing at their task (fear of losing their job) while entrepreneurs know that failure is nothing but a string of failure.
I hope this was helpful! As you can see, there are many key differences between employees and entrepreneurs. Not everyone is fit to be an entrepreneur. Sometimes you just have to test the water and try it out to know for sure.
The key differences I have for you is just to give you an idea of what it takes, so you know what to expect before you dive in. It’s in no way shape or form trying to discourage you from pursuing entrepreneurship.
Just to help you out, here are a few resources for you:
If you need help with anything, please let me know and I will try my best to help you out!