Have you read a newspaper lately? If you do, you don't have any questions about how the economy is affecting the Average Joe. In fact, there's a very good chance you are the Average Joe! And as the Average Joe, you're now faced with one of today's most common dilemmas. Wealth on demand sounds pretty good. Companies are going under. Netrepreneurs seem to be the only ones really keeping their heads above water.
With that in mind, should you keep being an employee or take a stab at entrepreneurship yourself?
The sad truth is, you're never going to get rich working for someone else. Oh, sure, you might be able to live comfortably. You might even be able to set aside a healthy stash for retirement. Becoming a millionaire isn't even all that uncommon anymore! Of course, when you consider the fact that a million dollars only accounts for about 30 years of the average person's salary, and people are living longer than ever, that number doesn't seem nearly as significant.
When you work for someone else you never have the chance to generate wealth on demand because you're always working on someone else's demand. Dancing to someone else's tune. Playing by the rules of someone else's game. And let's face it, until you get to be the man (or woman) at the top of the food chain you're always going to be limited in terms of how high you can climb.
That's not a problem you have when you become an entrepreneur. Suddenly, you're footloose and fancy free. You can work how you want, when you want. Want to take the day off? Do it! Want to work nights and sleep all day instead of suffering through the 9-5 grind? Go for it. Nobody's stopping you. This is the perfect time to stretch your wings and find the wealth on demand people kept telling you was out there somewhere.
Of course, in order to succeed as an entrepreneur you need a business that's going to keep its head above water. That's where you run into a glitch. Approximately 65% of new businesses fail within the first year or two, primarily because they aren't able to generate enough profit to stay alive. Sometimes it's due to mismanagement, but most of the time it's poor choices. Poor choice of product or service, poor choice in location, poor choice in marketing techniques.
If you're going to become an entrepreneur, consider doing it the way hundreds of thousands of businessmen and women have been doing it for years. Franchise. Of course, these days they're calling it "buying into a proven, home based business system," but it's basically the same thing. You have access to a well known name, a pre-established clientele base (primarily through previous exposure) and personal wealth mentors who already know the ins and outs of the business and can guide you over the rocky spots.
When it comes to generating wealth, being an entrepreneur is definitely the way to go. You just have to know where to start. If you can start in the right spot, reaching the finish line will be a walk in the park.
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