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  #15  
Old January 22, 2001, 02:48 AM
Thomas Rice
 
Posts: n/a
Default Possibilities

You don't make billions solely as an employee.

And as long as you're setting goals, might as well set them high.

For me, I can't say there is one single factor that motivates me to work for myself, but rather there is a range of factors.

Firstly, I find working for myself much more challenging and interesting. Rather than doing a small number of tasks for an organisation and being assigned roles, I have responsibility over an organisation I can build from the ground-up, covering all the different areas and being very much a generalist, with each day bringing new challenges and obstacles to overcome.

As Michael Ross has said, it allows for greater leverage, which I love. I personally feel one of the keys to wealth is what I call Labour Market Arbitrage (LMA), where you buy labour inputs and sell their production for a higher price, or in other words... You pay someone a salary of $30/hour for something that you can sell for $35/hour.

Being an employee doesn't allow you to do this.

Speaking of leverage, you also do this with your capital/money inputs -- you try to borrow at 12% to earn a rate of return of 20%. That's the name of the game.

Business is just organising your labour and capital in such ways to produce different outputs at a profit, with competition and marketing and other business factors effecting that output.

I love this game. :) And I can't play it as an employee.

- Thomas.

> Hi Ricky,

> Sorry about that.... Here's the question
> again.....

> There are many reasons why people choose to
> work for themselves.... It'd be exciting to
> know some of the reasons....

> What are some of the reasons that people
> choose to work for themselves?

> Thanks! :)

> - Dien