It will be beneficial for you to understand these business models before
embarking on the business venture.
Employee - you get paid for your time. You're trading hours for dollars.
Self employed - people work for themselves.
Like employee they often trade their hours for dollars.
There are many examples of self employment, such as construction contractors, realtors, and even doctors in many cases.
They're not working for someone else, but their income is primary dependant on themselves doing the work.
Business owners - use leverage to make money most commonly they hire people and leverage other people's time. The benefits of being a Business Owner rather than self employed are generally more freedom and ultimately more wealth.
Investor's - let their money do the work. They put their money to work, making more money.
If your goal is to never work, then ideally you need to end up in the Business Owner quadrant, not Self Employed quadrant.
Self Employment situation can be turned into a business owner situation if you know how.
For more detailed tips listen to Erick's lesson 6
http://www.ericstips.com/tips/lesson6/
To Your Success,
Jeanette Fitzgerald
http://viralurl.com/jcfitz/befit
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