Incompetence as a salary earner; competence as an entrepreneur!

[justdimin]

~
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!

This is a very dubious statement, because the world is full of examples of the exact opposite. And one more thing: you can't get rich on a salary. If there are examples of rich people on a salary, then these are either single valuable specialists, or a random combination of circumstances, such as SpaceX employees who got rich after the IPO (strictly speaking, this is not entirely true, because these were investments in stocks at the expense of wages).

Those are exactly what you call it, examples, not the common thing. You do see some people who were terrible employees but great founders, but that is the rare one and not the common one. If you see 100 people be bad employee, and then go start their business, of course you are going to see a few of them achieve something great, but just because 5 of them did great, and 10 of them did good, doesn't change the fact that 80 of them crashed and bankrupted. That is what you need to be looking at.

But you do not hear about people who fail, they do not promote it, they are not going around talking about how they failed. The reality is simple, if you really want to make some money then you are going to be good worker first.

[tygeade]

In fact, just because you are a good worker, doesn't mean you will be a good business owner neither. I personally am not someone who could make a lot of money with my own business, I have accepted that long ago. In fact, my boss is such a great person that, if I ever had money, I would give it to him to be his partner instead of go start my own business. I rather make money by being partners and just step away and do nothing and let him handle it, instead of being like him, because I can't.

I have SO many possibilities, in fact I have options if I wanted to, I have connections that can make me so much more money, way more than what I am making right now, and yet I am not doing it, because I do not feel comfortable being a business owner myself.

[Pi-network314159]

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.

I don't think so, you might not actually need to get rich as a salary person before you can be rich as an entrepreneur. Reason being that some people where never  a salary earner but succeeded to become a rich entrepreneur. Some people have never did a salary work but they did well when they started their entrepreneurship business. Sometimes people just need clue and a little bit of information to begin entrepreneurship. Although patient, tolerant, solving problem under pressure may be a tool of learning process to become a good entrepreneur, but it is not a must that this characteristics must be studied when doing a salary work. The person may as well learn this when they begin there investment journey. Just that it is just good for people to find somewhere and fix themselves as a school of study to help them facilitate or push their carrear of entrepreneurship faster.

[Abu-Naim]

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

Then how do you become rich then if becoming an entrepreneur can’t help you to build your own wealth?

If you rely on your salary, you are one strop away from poverty especially if you have only one source of income, your salary is main to sustain your needs and prepare you for other days it is very rear to see a salary earner that is able to make good money from his/her salary, they need to have side hustle to survive and plan for future; while an entrepreneur who do business will actually make profit from his daily sales and become rich in that process, while a salary earner with only once source cannot do that.

[SatoPrincess]

A lot of people jump into entrepreneurship just because they hate having a boss, only to realize there is a boss in entrepreneurship, and it's called "the market". And by the way, the market is way more unforgiving.

If you lack the discipline to excel when someone else is handing you a roadmap, you'll definitely drown when you have to build the roadmap yourself. Successful entrepreneurs all share one common characteristic: They have strong stress tolerance.

That’s a good one. I think the reality of most people who transition from employee to self-employed is that they quickly realise that quitting your 9-5 to start your own business isn’t going to give you more free time. In fact, you will find that you have to put at least 15hrs into that business for it to grow. In my experience, there is no off hours when building a new business, even when you’re not physically working, you’re constantly thinking about how to make the business better.

[Rgram]

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.

Structured systems are not always without politics, where the rules are not down played from time to time. There are those that have played by the books and followed every script there is but end up having to fight for their promotion. It happens all the time.

Not to mention the fact that, having to function within units of structured system can indeed come with payments that might not be sustainable despite possessing certain qualities.

Profits from businesses that are in demand tends to be explosive and having qualities that ensures proper management would indeed enrich your banks.

[junder]

The point is that I think we should be able to be grateful for what we have, including with a salary that even though it's not as much as we want sometimes we have to look down to see most people who still have difficulty having income or jobs that generate salaries even though the salaries they have are relatively low but try to be grateful.

And here one important thing is also money management, when we have a large income then it's also useless if we can't manage it well.

Whatever you do now with the aim of trying to achieve a happy life then just do it instead of not at all.

[Sanitough]

Having no freedom as a job worker does not mean being incompetent, as well as having the freedom and everything is in full control does not make an entrepreneur competent either. True competence is measured through one's application of knowledge to real-life situations and problem solving, behaviors and traits, and the internal motive or drive to perform the job, and these do not limit whether you are currently employed or you own a business that makes you the founder or CEO.

However, getting rich is another story. Anyone can get rich with lottery or from inherent properties, and they don't manifest whether you are competent or not.

[bitgolden]

Having no freedom as a job worker does not mean being incompetent, as well as having the freedom and everything is in full control does not make an entrepreneur competent either. True competence is measured through one's application of knowledge to real-life situations and problem solving, behaviors and traits, and the internal motive or drive to perform the job, and these do not limit whether you are currently employed or you own a business that makes you the founder or CEO.

However, getting rich is another story. Anyone can get rich with lottery or from inherent properties, and they don't manifest whether you are competent or not.

Lottery is a bad example, that rarely happens, most rich people are rich because they are hard workers. There is no alternative to it, not all hard workers are rich, but all people who become rich were hard workers. You could inherit, and be lazy, but you can't be lazy and make it.

No person in the history of humanity, good person or bad person, NEVER started poor and became rich by being lazy. That part is something you have to focus on, and even lottery winners usually end up losing it all back again. So if you want to be good and rich, work hard, maybe you won't get rich, but that is the only way.

[Unknown Op]

Entrepreneurship and employment requires discipline resilience and competence, if one is successful in employment does not make him successful in being an entrepreneur as well, it might be a possibility that a person who is great employee have to face difficulties in being an entrepreneur because owing a business require complete different sets of skills and then that person should know how to manage uncertainties, do marketing and he should have strong decision making capability.

Similarly there are many successful entrepreneurs out there who are very successful in running the businesses but they were average as being employees. Entrepreneurship cannot be mix with jobs because it is a completely different path with different rewards and risk there are people who thrive in structure organisation while other performs better.

[Finestream]

Most of those who remain a salary earner never gets actually a chance to get rich because even if they are well-skilled and competent, they don't get paid with their level of competence, but they get paid based on the minimum wage rate. Unlike for an entrepreneur, you get all the credits all by yourself, and you get paid based on how you market your skills and strategies in the market.

Getting rich does not rely on the kind of job you have, but how you step up and sell your own product out from a highly competitive market.

[Crypto_Timothy]

Success doesnt really concern whether you're an employee or an entrepreneur cause actually both paths reward people who can solve problems, stay consistent and create value regardless. The idea that you have to own a business to become wealthy is overstated as long as you can solve a problem the society is lacking, your are sure to see value. There are people who have built substantial wealth through high-paying careers, investing wisely and consistently increasing their value over time. To basically put in short, your ability to execute, adapt and keep improving matters far more than the title on your business card for real.

[Davidvictorson]

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!

I agree with everything that you have written.
The way I choose to think of this is that dissatisfaction as a salary earner can make become a successful entrepreneur if they transfer their skills from as an employee to an employer/ business owner.
Also entrepreneurship is very hard and not every salary earner is cut out for it.
And also being dissatisfied with your income doesn't mean the person has to become an entrepreneur going back to my point.
It may just mean looking for another job.
There are also entrepreneurs that have started a business, failed and returned back to salary job.
From experience, success depends less on whether someone is an employee or an entrepreneur and more on how well they leverage their skills, adapt to challenges, and create value.

[uneng]

Most of those who remain a salary earner never gets actually a chance to get rich because even if they are well-skilled and competent, they don't get paid with their level of competence, but they get paid based on the minimum wage rate. Unlike for an entrepreneur, you get all the credits all by yourself, and you get paid based on how you market your skills and strategies in the market.

Thinking this way, the opposite is also true, meaning there are salary earners who are below the demanded skills and competency. Still, they receive the same wage of the well-skilled ones. So we can conclude for them it's a better deal to remain as salary earners than going for entrepreneurship.

An entrepreneur gets all the credits for himself, but also all the burden of the business is over his shoulders. The salary earner has a fixed period of time he must work and once this time is done he can completely focus his attention on another matters. For an entrepreneur, it doesn't work like that, as he is likely to have to work any hour of the day, if necessary.

[tabas]

I read, heard and watched a lot of success stories that they failed as a salary and minimum wage earners. They don't want to stay in the rat race so they found their own ways of getting out and that's through having a business. While it can be done and started by everyone, it is not everyone that will become successful with it. There are stories like regular salary earners like teachers and no side hustles and yet managed to invest their money and live a better life during their retirement. But that's the thing there, not everyone is willing to wait until they retire just to enjoy their lives.

[Junii]

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

Yeah i agree that skills and discipline and hard work are required in both job and in business. But i don't agree that success in a job automatically predicts success in a business. A job can rewards your individual performance while a business rewards your ability to create systems  and risks  and scale value. That is why i see some average employees have built a great businesses  while some highly paid professionals have failed as entrepreneurs. As the reality is simple a salary can provide stability but a successful business offers much greater income potential because there is no fixed limit on what you can earn.

[Vaculin]

The idea that if you can't excel in one arena, then there won't be any possibility that you'll excel within the rest, well that's actually an absurd idea. People have unique characteristics and traits, if you are not good and talented in this field, then maybe you are good in some other areas. I believe everyone has their own skills in life, some may have not completely develop it yet.

Being competent isn't limited only to entrepreneurs. Some business owners have been incompetent in their first years, but after gaining sufficient amount of learning experiences, that's when they start to develop their competence in their certain arena.

[JoyceBTC]

Most of your statements, I like it, but this statement.

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

I do not agree, when a person can not get rich through his salary as an employee does not mean he can not also get rich as an entrepreneur, a simple example of jack Ma, he failed as an employee but succeeded when he became an entrepreneur.
As the saying goes "many roads lead to Rome" there is not only one road to wealth or success. Some people achieve it through a career as an employee, others through entrepreneurship, investment or innovation, the most important core is to find the path that best suits your strengths.

Walt Disney, Soichiro Honda, Steve Jobs, Oprah Winfrey and others were seen as bad staff by their employers. One of the major reasons is that these workers don't like taking orders or working like machines. I would also have to disagree with that statement.

I knew a staff member in my organisation who was seen as disobedient because he always found flaws in the work processes. He was sacked but he ended up building a successful business.

The truth is that not everyone likes to be managed or work under someone because they might feel too pressured, they don’t want to be controlled, low salary and also because they like being independent. Then in this kind of situation, they might likely not thrive very well in that environment and will also fail to perform their duties at work.
But by the time they have their own business, in control, not limited to anything, they begin to showcase their skills like leaderships skills and other skills needed in other to make their business thrive. No entrepreneur will build a business without trying to put much effort and skill for the business to grow, even if when they worked under an employer and they didn’t succeed.
Most people are likely to do well independently than when they are working under someone.

[Rain1620]

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!

Personally, I feel like this took a skeptical view or assessment of human behaviors and talents. Ignorant of the stagnancy and oppression attached to corporate bureaucracy. This your ideology tells that corporate systems actually rewards competence. Where as in reality, it’s almost untrue. It mostly rewards certain political conformities to a high extent. some good entrepreneurs we have ain’t good employees but ended up great in the entrepreneurship world. Apple, Virgin, Uber, Spanx. These are huge brands maybe you should read about their founders.
Sometimes what you call incompetence is just a creative mind that is suffocating under rigid hierarchy.

Mind you the wealth cannot be equated as same because they can’t be at equilibrium, it’s really very different. An employee trades time for money and even the higher executives encounter tax payments which in turn affects the low level employee. If you come to the understanding of entrepreneurship you’ll know it’s not just about working harder but typically about owning equity and continuous building of scalability leverage. Be you the most loyal, competence, dedicated or consistent, if you don’t own any piece where transactions occurs nor investments, it leaves your whole life dependent on helping another build wealth making it difficult for the employee to acquire passive wealth.

Both are good but just different routes. One needs you to avoid mistakes while surviving principles and internal politics. While the other requires you to breakout, move fast, work smart and take calculated risks. Getting it wrong in a game you hated doesn’t mean you’ll fail in a game you were actually made for.
A bad employee can make a good entrepreneur and aswell a bad entrepreneur can make a good employee. Don’t get it twisted, one isn’t tied to the other.

[Ziskinberg]

In fact, just because you are a good worker, doesn't mean you will be a good business owner neither. I personally am not someone who could make a lot of money with my own business, I have accepted that long ago. In fact, my boss is such a great person that, if I ever had money, I would give it to him to be his partner instead of go start my own business. I rather make money by being partners and just step away and do nothing and let him handle it, instead of being like him, because I can't.

I have SO many possibilities, in fact I have options if I wanted to, I have connections that can make me so much more money, way more than what I am making right now, and yet I am not doing it, because I do not feel comfortable being a business owner myself.

That only proves that you can't be the same good and competent in different areas. Being a good worker does not guarantee a good entrepreneur as well, that's not how it works, but everything can be learned in time. You can be good and skillful in both, but you need to exert time and efforts to make it happen as it won't be possible to appear overnight.

Let's just accept the fact that you we all excel on our own ways, and most of the time, if you can't be good with one, then maybe you will excel on the other.