Self-Employed Person Vs The Business Owner

The PRO Podcast

In this episode, Gary discusses the difference between a self-employed person and a business owner.

Gary explains why having a business owner mindset is key, as it will align you with success, financial stability, and your desired lifestyle. He highlights the three levels of business: the self-employed individual, the one-person army, and the business owner with its seven and eight-figure revenues. Gary takes you step by step through each level.

He addresses the entrepreneur's dilemma of guilt and contrasts the competing landscapes of self-employed individuals grappling with fierce competition and narrow margins versus business owners enjoying wider margins and lower competition. The transition from being hands-on to delegation means you need to change your mindset towards your business, this should include taking on mentorship. Gary emphasises the importance of being a visionary leader, the need to have a clear strategy, and why he works in 90-day sprints to propel his business forward.

What Is Covered In Today’s Episode Of The PRO Podcast:

• The 3 different levels of business owner
• What marks the shift from self-employed to business owner
• How entrepreneur's guilt affects the transition into business ownership
• The key shift from "doing" to "delegating" and its requirements
• How to manage the challenge of losing control in delegation
• Why you need to have a business owner mindset for success

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