Take Control of Your Future

Why you need to have a business of your own

The Rules Have Changed : 

Nowadays, nothing is permanent even our jobs. We used to think that jobs are a sense of security but now rules have changed. One cannot say jobs are permanent they shift through time along with technological changes only the brighter may stay. But we cannot guarantee that also. The number of people living officially below the poverty line is rising rapidly. The number of people who are working beyond the age of 65 is increasing. If you want a solid future, you need to create it. You can take charge of your future only when you take control of your income source. You need your own business.

Where Do You Live? : 

There is something called cashflow quadrant which consists of 

E = Employee

S = Self-employed or Small-business owner

B = Business owner

I = Investor

we have to check ourselves in which quadrant we live in. Most of them live in either E or S but that's a trap. Because here we either work for someone or work for business. One should try to either stay in B or I. Because here business works for us and money makes more money.

Breaking away from those typical job structures and creating your own stream of income puts you in the best position to weather an economic storm, simply because you are no longer dependent on a boss or the economy to determine your annual income. Now you determine it.

Your Core Financial Values :

The four quadrants are not just four different business structures. It’s even more about four different mindsets.

E = Employee => Security 

S = Self-employed or Small-business owner => Independence

B = Business owner => wealth-building

I = Investor => financial freedom

The best above is B and I as they offer wealth building and financial freedom. Also, check the ladder you are climbing because we all want to climb ladders but climbing the ladder leaning on the right wall is important.

The Mindset of an Entrepreneur :

You do not have to raise the capital to create your business, because that has already been done for you. But you do have to build your business!

We have acted towards our dream than still dreaming for it. In this era, all the groundwork for building a business is already done for us all we have to do is build the business. And also we need to acquire a business mindset to act on things because a horse driver cannot become a race car driver by giving him a race car, he has to acquire the skills to become a race car driver. So the question is "Are you ready to learn the skills and take the well?"

It’s Time to Take Control! : 

In the olden days, people used to think that only people having money can start a business and normal people cannot. Also, they used to think that hard work is the key to everything. But times have change new methods and implementations have come into place. Now, money is not a problem for business the idea and the approach are very important. Hard work people end up doing hard work for the smart work people. Whereas, the smart work people know how to make hard work people work for them. Not taking a risk is also a risk in business, sometime it will be hard you have seen and be the worst to get the fruit of success. Most people do not have the mental, emotional, physical, or financial stamina to handle these conditions. It can be brutal, and usually is.

Franchising is also a great thing once you are doing good in your business. It generates passive income and it is the most powerful source of income as you don't actually reflect the income. It continues to flow even if you present or not. The B quadrant does not necessarily generate passive income. What most people need is an avenue to create passive income. And one has to do smart work and hard work to create that kind of brand where people start to invest in and take franchises.

Final Note:

We cannot pass on employment to our generation but we can pass our business and brand.