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.