July 3rd, 2020
I did the math… I’m now generating more revenue with my own business than I did as a software engineer.
It’s a nice milestone, but it doesn’t mean anything.
Making $1,000/month with your own business is more valuable than $5,000/month with a salaried job.
The difference with building your own business is that you’re building something that you can sell at the end.
If you build a business that profits $100k per year, you keep that money and you get to sell the business for an extra $1M.
As an employee, you get nothing at the end.
The other difference is that a business has unlimited growth potential.
While you might make $50k/year in Year 1, what’s to say you won’t be making $100k in Year 2? And $200k in Year 3? And $400k in Year 5? $1M in Year 6?
As a salaried employee, you’re probably limited to about $250k/year.
As a salaried employee, you’re probably limited to about $250k/year.
Most salaried employees can’t even comprehend the idea of making $1M+/year because it can only be attained from many years of building businesses, and failing (a lot).
That’s the difference between entrepreneurs and employees. It’s a complete change in mindset.