Thursday, July 6, 2023

Being An Enterpreneur


Working from home in order to try to earn money in essence means that you are going to be an entrepreneur. An entrepreneur is someone who does, some who acts. Possibly this means putting their time, energy and money into starting up a business, and being willing to take the risks that come along with it.
About one in ten working people work for themselves or for a small business. The process of opening your own small business is relatively easy. The are countless agencies that exist to help small companies.

One of the most important things you need to be able to do if you are starting a side business, or any business, is to be able to explain to people in one sentence you are going to make money.

Millions of people are happy with a 9 to 5 jobs and that's perfectly fine. There's nothing wrong with being an employee all your life if that's what you fell happy with. But perhaps you want something more?

Here are some difference between an employee and an entrepreneur:

As an employee;

You earn a salary
You pay taxes on that salary
You can spend what is left over

As and entrepreneur, or self employed person;

You earn money
You spend money company expenses, phone bills, furniture, computers etc.
You pay tax on what is left over
The big difference here is that, as an employee, you pay tax first as an entrepreneur, you pay tax last.



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