Oct 17, 2008

Is being self employed, being in business?

Running a business is not kid's play. When I first started out doing consultancy work, I thought I was in business. How wrong was I. I was merely changing employers.

As an employee, the boss is the paymaster. As a self employed person, I am the paymaster.

And as a paymaster you have to wear many hats and pick up many skills, FAST! You have to learn how to sell (your skills), learn how to manage people (employees, customers, suppliers), learn how to market your products (advertising, the media), learn how to operate the gadgets (and also learn how to fix the gadgets when it fails) and much much more.

Along the way, you pick up 'business skills' or 'entrepreneurial skills'.

Here's some quotes which i find relevant


Rory Laing
It’s serious, business, it’s not a game. And you put your heart and soul into it, otherwise don’t bother at all.

Michael Gerber
If your thinking is sloppy, your business will be sloppy. If you are disorganised, your business will be disorganised. If you are greedy, your employees will be greedy, giving you less and less of themselves and always asking for more.

Tacitus
Not because of any extraordinary talents did he succeed, but because he had a capacity on a level for business and not above it.


Warren Buffett
Many people who are smart, articulate and admired have no real understanding of business. That’s no sin; they may shine elsewhere. But they don’t belong on corporate boards.

Neil McConnelee
If you think you know everything then you probably don't understand much at all.

Peter Rip
There is only one way to grow the bottom line - make the business algebra actually work.

Anon
You’ll always get what you always got if you always do what you always did


Duke of Wellington
Call on a business man at business times only, and on business, transact your business and go about your business, in order to give him time to finish his business.

BC Forbes
The man who has won millions at the cost of his conscience is a failure