What’s good Wealthbuilderz
It’s yah boy DeVaughn
Back again with another video and today
We are talking about What’s the difference between being self employed and being a business owner Okay real quick make sure you subscribe to the channel we talk about making more money saving more money and building a better you and business.
So with that being said let’s talk about what’s the difference between being self employed and being a business owner. The major difference is a business owner has employees and a person that is self employed generally doesn’t have employees.
Like a real estate Agent is self employed for the most part. If your considered a independent contractor of any sort you are self employed. If you run a online business then you are also considered self employed.
Your only considered a business owner when you employee others. Like a real estate agent when he or she starts to employee other real estate agents then he or she is considered a business owner.
Now the question is what’s the quickest way to become rich eelf employed or a business owner.
I personally think a business owner can become rich faster then just being self employed.
A business owner can spend more time creating more business income then just focusing on trying to get to the next check. This is called Leverage. A business owner will Leverage people and systems. A self employed person doesn’t have much leverage because all they have is them and no one else.
And Leverage is how you become rich.
If you can’t free up your time to make more money then you’ll be working self employed for the rest of your life. Now this doesn’t take into account any investments but generally you get the idea being self employed is way harder to get rich then being a business owner.
Thanks for watching my video.
What’s the difference between being self employed and being a business owner
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