For financial stability and progress, one need to create wealth and manage it well. We shall discuss some things you can make use of to achieve this:
Mentality - this involves making use of your own ability either as -
sefl-employed
service-engaged
In the first category you likely own 100% of your labour to yourself while in the second you share your productivity with someone who is your employer. For clarity, if your productivity is 10 and you are self-employed, the whole 10 belongs to you but if you are a salary earner, what you will get is a certain percentage while the rest go to whoever you chose to work for.
From the above, you may quickly conclude that being self-employed is better. However, you need to understand that being self-employed requires you providing all the resources like labour, land, capital and entrepreneurship/management.
Mentality - this involves making use of your own ability either as -
sefl-employed
service-engaged
In the first category you likely own 100% of your labour to yourself while in the second you share your productivity with someone who is your employer. For clarity, if your productivity is 10 and you are self-employed, the whole 10 belongs to you but if you are a salary earner, what you will get is a certain percentage while the rest go to whoever you chose to work for.
From the above, you may quickly conclude that being self-employed is better. However, you need to understand that being self-employed requires you providing all the resources like labour, land, capital and entrepreneurship/management.
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