Why do we choose to work for ourselves?

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