Da MAIN THING about "being yer own boss" is......

[Ankesh]

Great discussion.

Would like to make one point: in my opinion - you don't get freedom by being an entrepreneur. But by being an owner.

I agree that entrepreneurship is not for everyone. But even non-entrepreneurs can buy and own franchises. They are shown how to do everything. Most decisions are made for them. They are in essence - employees - but they own the place.

Many early microsoft employees could retire by 40. Because they owned MSN stocks.

Read an article some time back - about entrepreneurs in Mumbai. About 80-85% of them failed within 3 years or so. But not all the entrepreneurs who failed lost money.

Huh?

Yup - entrepreneurs who failed - but who had bought real estate instead of renting it out - eventually came up on top. Because real estate prices had appreciated like crazy.

Action Summary:

Doesn't matter if you have the entrepreneurial blood in you or not. Focus on being the owner. And you'll end up with the freedom and flexibility of doing anything and living anywhere you want to.