A business or an income?

Mindset matters when you’re thinking about starting a business or going out on your own. 

How much are you expecting to work in your business and how much are you expecting to work on your business? 

If you preference working in your business, it’s more likely that the business will be dependent on you to exist. This basically means you’ll be replicating an income or a wage, where the value you receive is based on your individual contribution. 

If you preference working on your business, it’s more likely that the business will go beyond your individual contribution and you’re more likely to receive value through dividends (or a share of the profits). 

Neither way is better than the other, but you will run into issues if you confuse the two.

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