Employee vs Entrepreneur- What’s The Difference?
Do you find yourself wondering what differentiates an entrepreneur from an employee? Employees are just entrepreneurs who were not brave enough to take the road not taken. You probably have a dream or a big idea that will probably die with you if you don’t act on it. Do you have what it takes to remove the safety belt and take the leap of faith? If you truly believe in your idea, then your answer should’ve probably been YES YES YES.
The most commonly asked question about entrepreneurship is whether it’s solely about running a self-owned business – let’s be clear, it’s not. It’s a mindset. It’s a whole different lifestyle. You too are probably tired of hearing this stereotypical phrase – “entrepreneurs lead and employees follow”, as an answer.
Is it that short and simple? Not really. The lives of an entrepreneur and an employee aren’t exactly poles apart, but it’s those little tweaks that make the biggest difference.
So, let’s address the elephant in the room – what exactly is different between these two?
1. Areas of Improvement
Yes, the first and most obvious difference lies in what they focus upon when it comes to self-improvement. To be clear, entrepreneurs always thrive on their skillset – and that’s why they prioritize improving their strengths more than anything else.
However, employees are always focused on eliminating their weaknesses to reach higher levels of success. Just picture a typical job interview scenario. Every company is interested to know how the candidates improve their weaknesses to measure their capabilities.
An employee has to do their daily tasks and sail through whereas an entrepreneur has to make 2-3 life-changing decisions every day. Sure, an employee will have their duty which is essential for the company to progress but an entrepreneur has to be EVERYWHERE. An entrepreneur is usually unemployable because they decide to stop being employable and start EMPLOYING.
This brings us to our next point.
2. Mono-task vs Multitasking
Is multitasking real or just a widespread misconception? Scientifically, studies have claimed that the human brain is incapable of fully focusing on multiple tasks at the same time. So, have entrepreneurs cracked the code? Seems like it, because they understand that trying to finish many tasks simultaneously gets nothing done, in the end.
However, employees strive to complete numerous duties at the same time. The faster the job gets done, the better. Eventually, most of them end up stressing out at times when their brains refuse to function the way they force them to.
Entrepreneurs on the other hand have a strategy and a long-term plan. They also have schedules that help them wake up early, and focus completely on long-term tasks. They also face burnout but the determination and the passion fuel them to push that much harder to bring their dream company into existence.
3. Saying “no” to things
As per Berkshire Hathaway CEO Warren Buffet, the most successful individuals have said “no” to a lot of things in life. We agree that saying “no” to several opportunities is a common entrepreneurial trait. Why so? Because entrepreneurs realize the essence of focusing on one thing at a time. If there’s something on their plate that truly matters to them, expect an incoming “no” from their end towards any other opportunity. For some employers, this quality of saying no makes the individual rather unemployable.
On the other hand, employees cannot afford to keep saying “no” as it may harm their career growth. Employees are more likely to embrace every single opportunity that comes their way. Let’s be honest, every 9-to-5 worker is patiently waiting for their BIG break, which explains the major FOMO.
4. Dealing with risks
The last, but the most important difference is in how both these two deal with risks. It’s not a secret that entrepreneurs thrive on risks, even when their income source may be less stable than a typical employee. Whereas, employees always look for ways to secure themselves from any.
Here’s an interesting conversation between Ben Shapiro and a socialist who works for the welfare of the workers. It talks about the level of risks put in by the workers vs the employer and who has more at stake. It’s interesting and gives you some fodder for thought.
Why are entrepreneurs so attracted to taking more and riskier risks? It’s because they understand that there’s no reward without risk. Your biggest entrepreneurial achievement could just be one big, courageous decision away, which you’re hesitating to take. Why wait? Just put the key to ignition and floor the pedal.
Before taking the leap from employment to entrepreneurship, just ask yourself whether you have the guts to take risks and stay committed to your goal, despite the initial losses.
If you have what it takes, then there’s no reason you should be waiting for anything else.
Let’s just say you have what it takes. You have a BIG IDEA. You have an entrepreneurial mindset. Although, you probably lack a tech partner with a massive network and a proven track record who can help you with development and marketing. Yep. We’re talking about Project10K.
If you think you’ve got what it takes to come out of the shadows and embrace the light by taking the safety belts off. Then get ready for the roller coaster ride of your lifetime. The best part? You don’t have to do it alone. Let’s make you a Co-Founder of your very own tech company, TOGETHER.
Pitch your idea to Project10K and become a part of their moonshot of launching 10,000 tech companies in 10 years. Whether it’s just an idea on a napkin or an MVP, just take the leap of faith NOW.
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