Business vs Self Employment

Posted in Business English on September 2 by AJ

Its very important, if you want to have your own business, to understand the difference between a “business” and “self-employment”.

Self-employment is what most people create when they try to make their own business. Self-employment is basically a job… the only difference is that you no longer have a boss. You are both the boss and the employee.

Certainly, self-employment is more fun than working for someone else. But it has many problems. The biggest problem is over-work. For example, many lawyers are self-employed. But they work too much– 50, 60, 70, or more hours a week. In many ways, they don’t own their business,… their business owns them.

When self-employed, you are basically doing the same job you used to do for someone else. A key trait of self-employment is that your business only makes money when you work. If you take a vacation, your business stops making money (or makes less).

A true business is different. It is not the same as a job. A business is an organization of systems. It continues to work even when you are not working or present. You create systems by automating your business and/or training others to do parts of it. Your goal is to create a business that can run without you. Ideally, you should be able to disappear for 6 months… and the business continue working well while you’re gone.

This is easier said than done. To accomplish this, you must organize every part of your business. You must simplify all tasks and train people to accomplish them easily. You must create a strong, clear management system. You must automate every part of the business that you can… so that things happen automatically.

To understand this idea better, I recommend the following two books:
The E-Myth
Rich Dad, Poor Dad

Both are available on my Amazon Business BookStore, or at your local English bookstore.

Start Learning English With POWER ENGLISH COURSE

$240 USD limited time offer!

“The Effortless English system helped me to became a confident English speaker and this created for me a lot of opportunities.” - DILYANA

“The Effortless English system helped me to became a confident English speaker and this created for me a lot of opportunities.”  

Rated 5.0 Based on 8000+ Happy Students


Try out the full VIP program for 10 days and get access to all membership features:

English Lesson Sets Include:

  • Advanced Video Lessons
  • Listen & Answer Lessons
  • Point-of-View Grammar Story Lessons
  • Text Guide
  • Bonus: VIP Member Social Network

Join the program today and you get an additional discount of $30/month.
After the 10 day period you can choose not to cancel your $1 membership and continue learning english for $37/month thereafter (normal fee $67/month).

Effortless teaching methodology

100% money back guarantee

Fastest way to learn English