Incompetence as a salary earner; competence as an entrepreneur!

[CTO114]

If you can't get rich as a salary earner, you won't get rich as an entrepreneur.

People tend to pretend entrepreneurship is a shortcut to freedom. It isn't,bits just a different battlefield.
The harsh reality is simple: the traits required to climb into a high-level, high-income position include; competence, stress tolerance, problem solving under pressure, and strategic cunning. These are the exact traits required to also succeed in business.

If you can't rise in a structured system, what makes you think you'll survive in a lawless one?
Often some misconceptions have been echoed; "You can't get rich off a wage" False! You can if you're valuable enough. "But you won't be free" Also false! Entrepreneurs aren't free either. They are shamed to their clients, investors, employees, deadlines, public image and baseline survival.

Everyone is a slave to their success, the only difference is who holds the chain.  A salary can own you, a startup can own you, your ambition can own you.

Only a few ever break out of the loop, and they do it through one of the three paths; exceptional skill (wages),  exceptional leverage(ownership), and exceptional creation (innovation).

Everything else is noise. The truth is unavoidable: It you can't excel in one arena, you won't miraculously excel in another.

Success is a personality trait long before it becomes a lifestyle!

[sergiorus]

If you can't get rich as a salary earner, you won't get rich as an entrepreneur.

Most people who become entrepreneurs do so not because they can't get rich but because they can't stand being "managed", "supervised", and practically not having control over their time.

It's quite possible that this very obstacle is what would not let them to get rich as a salary earner, not the lack of discipline or skill.

Sorry, not gonna read the rest.

[TheUltraElite]

The ability to work and be numb to all sorts of shaming and ignore the people who are superior to you without making them understand that you are ignoring them is a trait that very few people have.

I have said this in many other threads which are following the saying that business>work, that the basic traits of a person to be able to earn money from either of them are often overlooked and this is one of them.

Truly, the person who lacks the humility and determination of a salary earner will rarely make it up the entrepreneurial journey.

[Zlantann]

Success is a personality trait long before it becomes a lifestyle!

I might not agree with everything you have put up here, but they have some information I believe in. I don't believe that an unsuccessful employee cannot be a successful entrepreneur. This is not always the case because several successful business owners were sacked several times by their employers.

I would agree that a poor attitude to work could affect an employee's performance. But some are not comfortable with the status quo and want to make changes in the organisation. They are usually seen as rebellious and not fit to be kept in the organisation. This set of people become success enterpernures. They are willing to explore and take risks that are not welcomed by their employers.

There is no shortcut to success. So those who think that entrepreneurship is less demanding and gives freedom should have a rethink. You would have to work hard to build and manage a successful business.

[Alpha Marine]

I have always stated how people oversimplify doing business to make it look very simple and fun, but I don't totally agree with the core of your point here.

Life is not black or white. It's not maths. There is no universal answer for everything.
A person may be very bad as an employee and excel as an entrepreneur. A person might fail in one business and excel in another. That is how life is.
So I don't agree that anybody who could not become rich as an employee cannot become rich as an entrepreneur. It's completely false.
I've seen people who failed in one environment and then excelled in another. That is how life is.

The problem is that when you people say these things, you don't stop to think about what you're saying realistically. Because if you did, I'm sure you would be able to come up with instances and examples to show you that what you're about to say is not true.

[Exitoral]

Well, you've written well. But I believe that employees and entrepreneurs have different skills. Some might be similar, but an entrepreneur will need additional skills like sales, managing money, etc. So without such skills, he or she will do poorly as an entrepreneur.

Likewise, an entrepreneur will do poorly as an employee because of how the workplace is structured. While some will perform well as both. Everything goes both ways, actually. Someone might struggle as an employee, decide to quit to start a business, and succeed. Another will try that and still fail. Another might do well as an employee and be miserable 😖. Another will go that path and find it fun and do very well without any major issues.

This thing here is finding the path that suits you. There's no one way to success. But the skills for that success will be developed over time, not quickly. Some get their success early because of some trait and still lose it quickly too. Some will make it quickly, and they will hold that success till they leave the earth.

I personally think the formula for a successful life all depends on the individual. You can learn from other people's mistakes, but they won't guarantee that because you didn't make that mistake, you will succeed. There are many factors that might help or hinder you along the way. And such hindrances will be different from the person's mistake you learned from.

[lovesmayfamilis]

Success is a personality trait long before it becomes a lifestyle!

It's nonsense, and I don't even want to read the whole post. If you receive a salary, then your hands are not free. If the OP thinks that everyone who works for "Uncle" can prove themselves to be a valuable specialist, then he is deeply mistaken. Not all employers are willing to pay for the "brain and talent" or really the amount they are worth. People are greedy, and very often, having smart and talented people under their command, they know this and deliberately do not pay a normal salary. And that's why, OP, people who have their own ambitions and talent start running their own businesses, because they understand and know their own worth. And I laugh out loud when I read that success is now a character trait. Are you serious?🙄

[Pablo-wood]

Everything else is noise. The truth is unavoidable: It you can't excel in one arena, you won't miraculously excel in another.

Salary earners have a fixed amount but as an entrepreneur there is no limit to the income generated provided there is a laydown strategy on how to grow and develop the business. Noise are only attributed to cases where an entrepreneur tries to jump into every trend without doing any research or having proper knowledge on how to excel with that trend. One can do exploit in business even when the fail as an employee, the trick is simple having a detailed plan and structure on how to grow and remain profitable.

[Aanuoluwatofunmi]

If you can't get rich as a salary earner, you won't get rich as an entrepreneur.

I totally disagree with this, if you cannot get rich as a salary earner then you definitely should be able to make it through entrepreneurship if you are self-dependent, many people have been working for others to achieve their goals in their businesses without thinking of establishing one for themselves, salary pegged you down to a particular earnings every month, while you will be a good entrepreneurship if you know how to engage your business to a marketable performance considering the strategy and location you are using.

[Opiate32]

One thing I think is missing in this discussion is timing. Someone may be an average employee early in their career because they are still learning but yet become a successful entrepreneur years later after building experience, or by saving and sometimes contacts.

 I don’t think it’s always competence versus incompetence. Sometimes it’s simply a matter of being in the right stage of life.

[Coyster]

People often believe that starting their own business is a guaranteed pathway to success, nothing could be more wrong. You can start a business and fail for so many reasons; particularly when you are not innovative, that is when you are not creating something new.

There is nothing wrong in being an employee, you could even be a great intrapreneur (so many people do not even know such a word exists), and achieve success. Not everybody has the requisite knowledge to run their own business and they would run into financial trouble if they travel down that path. My point is easy to understand, you can be an employee or an entrepreneur and still be successful, it is up to you, and no path offers you any freebies.

[goldkingcoiner]

Anyone who did not start as a salary earner is not going to be a good entrepreneur. They do not have the knowledge or experience of what a company needs and how it works and makes money. Furthermore, earning a salary is not just being a low social value person or something, it is someone who has a set of useful skills and is developing them everyday.

A person like that evolves into a successful entrepreneur (if they want) or gets a higher paying job.

A lazy worker who does the bare minimum and does not care about developing themselves and their skills or someone who creates ttheir own business and burns it to the ground due to laziness/incompetence/lack of skill or knowledge is the kind of person who is low social value.

[Y3shot]

If we are talking about financial success, there is no guarantee that you can achieve it through entrepreneurship and as an employee. Some people just think wealth can't be generated as an employee but only through entrepreneurship, but this is not true. There are employees who are making a good amount of salary, and through savings and investment, they have been able to achieve wealth. Let's not generalize as if employees only make limited amounts of money that are not enough for investment. Entrepreneurship is another way of making money, and some people think that since it is a one-person business, you can just get exactly what you want. However, it is not as easy as people think; it comes with a lot of responsibility, risk, and stress. Financial success is about the value that is being offered, solving problems, and when this quality is present, whether in business or as an employee, there is a chance of financial success.

[slapper]

Income vs. Entrepreneurship is a tactical issue. The key one is: what are you ready to be owned by? They simply get whatever they are given by their environment. Then again, maybe make it the best of the last thirty years without even considering that it was their destination to start with.

Some of the corporate climbers you are defending as "competent"...Some of them sure. But people are promoted in organizations who did not know how to perform any skill. They knew how to operate in an extremely particular political environment. Take them out of that environment and they quickly turn to dust. And then the entrepreneurs. Half of them traded a boss for cashflow anxiety. Performance reviews for "can I make payroll Friday". It is not a word of freedom.

It does not break through more success in the loop. It breaks through clarity. Understanding 'enough'. Before everyone and everything in your world and your old classmates' LinkedIn updates tell you otherwise, it is not enough. No one is taught that. Because there is no money in teaching people to want less.

This could be the most entrepreneurial piece of wisdom you might ever have. The one product, nobody is selling because it destroys the demand for all other products.

[Mhizlove]

I agree with the point saying that success don't just happen because someone changes from a salary work to an entrepreneur. But I don't think it always means that someone who do not become rich as a salary earner can not succeed as an entrepreneur. You see most times, people do perform better of they go into an environment that goes align with their interests, skills and strength. Just that the common factor is consistency, discipline and willingness to keep learning more. Whether its salary work or business, as a person if you can't build value, solve problems and manage money well, success will still be hard to get or achieve. The path can be different, but you see the qualities that leads to success remains very similar.

[Frankolala]

I believe everything boils down to your passion and love on what you're doing be it a salary earner or an entrepreneur. I wouldn't agree with you that someone who cannot make it through his salary job wouldn't be able to make it as an entrepreneur because we both have different gifts and means on how to make money and become successful in life. If you're on the wrong path, you will always fail.

[Dr.Bitcoin_Strange]

Being a salary earner or an entrepreneur is a different ball game, financial success can come from both sides of the game but it depends on what you as a person wants and also what you have on your desk. As a salary earner, assuming your pay is so small, I bet you can not actually achieve success (financial freedom) with that money except you have more than one job, then you can strategize and know how to build yourself and create other sources of passive income for yourself, while if you are an entrepreneur, you know that your growth has different phases which for you to get at the top, you must put in lot of work, that's to say that it's not 100% easy to be successful from either being an entrepreneur or employee.

[Shadiq]

It is not possible for me to completely agree with your statement. If you are an entrepreneur, you are not accountable to a third party, you are not a 9-6 prisoner between two walls and you are not someone else's slave. However, even if you are an entrepreneur, you have to follow discipline and stay within the rules, but no one else will control that.

The main difference between a job and an entrepreneur is the proper functioning of labor. In a job, you get a wage for the labor you put in, but that labor is being sold. But as an entrepreneur, you get regular money for the labor you do and your labor remains yours. You will enjoy the fruits of that labor in the long run and your heirs will also benefit from that labor. But in a job, someone else will get the fruits of your labor and your heirs will have to start from scratch. Job and entrepreneurship have no direct relationship with the issue of becoming rich.

[Spaceman1000$]

If you can't get rich as a salary earner, you won't get rich as an entrepreneur.

People tend to pretend entrepreneurship is a shortcut to freedom. It isn't,bits just a different battlefield.
The harsh reality is simple: the traits required to climb into a high-level, high-income position include; competence, stress tolerance, problem solving under pressure, and strategic cunning. These are the exact traits required to also succeed in business.

If you can't rise in a structured system, what makes you think you'll survive in a lawless one?
Often some misconceptions have been echoed; "You can't get rich off a wage" False! You can if you're valuable enough. "But you won't be free" Also false! Entrepreneurs aren't free either. They are shamed to their clients, investors, employees, deadlines, public image and baseline survival.

Everyone is a slave to their success, the only difference is who holds the chain.  A salary can own you, a startup can own you, your ambition can own you.

Only a few ever break out of the loop, and they do it through one of the three paths; exceptional skill (wages),  exceptional leverage(ownership), and exceptional creation (innovation).

Everything else is noise. The truth is unavoidable: It you can't excel in one arena, you won't miraculously excel in another.

Success is a personality trait long before it becomes a lifestyle!

The thing is that an entrepreneur is always free and has more advantage than a salary earner, if you want to measure the success level of an entrepreneur, it is way beyond that of a salary earner. Even if you want to discuss about slave to success, an entrepreneur an can slave for 6 months and have a fortune that will last him for a lifetime, this is because they can make supply that might run into millions, they are prone to the labour market than any other person, They have direct sales connection between producers and the market. An entrepreneur literally holds and controls the market price of the market. A salary earner does not have such bargaining powers in the economic sector.

[Fortify]

If you can't get rich as a salary earner, you won't get rich as an entrepreneur.

People tend to pretend entrepreneurship is a shortcut to freedom. It isn't,bits just a different battlefield.
The harsh reality is simple: the traits required to climb into a high-level, high-income position include; competence, stress tolerance, problem solving under pressure, and strategic cunning. These are the exact traits required to also succeed in business.

If you can't rise in a structured system, what makes you think you'll survive in a lawless one?
Often some misconceptions have been echoed; "You can't get rich off a wage" False! You can if you're valuable enough. "But you won't be free" Also false! Entrepreneurs aren't free either. They are shamed to their clients, investors, employees, deadlines, public image and baseline survival.

Everyone is a slave to their success, the only difference is who holds the chain.  A salary can own you, a startup can own you, your ambition can own you.

Only a few ever break out of the loop, and they do it through one of the three paths; exceptional skill (wages),  exceptional leverage(ownership), and exceptional creation (innovation).

Everything else is noise. The truth is unavoidable: It you can't excel in one arena, you won't miraculously excel in another.

Success is a personality trait long before it becomes a lifestyle!

Well it's not true really because sometimes people just cannot operate in a structured environment because they are creative and don't like being confined by someone else's rules. Sometimes these people understand that someone has built a bad, redundant or inflexible set of rules that is actually holding a company back or was useful in a different era. Entrepreneurs are a rare breed and can often easily fit in with a salaried position but try to avoid it where possible. There is a lot of incompetence and dead weight carried in some of the bigger companies that only survives because they have certain connections and no comprehensive reviews are taken. I'd disagree with your statement, but even if they do end up in salaried positions you'll often find they work their way up quickly because of their intelligence.