Never Put All Your Eggs In One Basket... At Least Not A Basket Controlled By Somebody Else.Many people mistakenly think that owning a business is a risky venture. According to Jim Collins, author of Good To Great, being an employee is actually far more risky than running your own show. He says—and Mark Paulson, President of Vision Marketing would agree—that the real challenge for entrepreneurs is dealing with ambiguity, and employees are the ones burdened with real risk: "People… used to come to me and say, "I’d really like to do something on my own, but I’m just not ready to take that much risk. So I took a job instead." And I would say, "You’re not ready for risk? What’s the first thing you learn about investing? Never put all your eggs in one basket. You’ve just put all your eggs in one basket that is held by somebody else. As an entrepreneur, you know what the risks are. You see them. You understand them. You manage them. If you join someone else’s company (as an employee), you may not know those risks, and not because they don’t exist. You just can’t see them, and so you can’t manage them. That’s a much more exposed position than the entrepreneur faces. But there’s lower ambiguity on the paint-by-numbers (employee) path: very clear but more risky. The entrepreneurial path: very ambiguous but less risk." (Excerpt from an interview with Jim Collins in Inc. Magazine in 2009; emphasis added) So here’s the real question: do you want to control your own destiny, or rely on somebody else? Go ahead—make the jump.
Owner |