Tool Box
Issue No. 26 - December/January 2005/06
The process is the key to delivering great wealth
by John Doughty
Do you have a Business or a Job?
There are various degrees/levels of involvement in life’s activities and therefore different ways of describing that involvement.
Take a musician for example: There are lapsed musicians – those that “used to play something”.
There are the closet musicians who practice regularly, play to themselves for their own enjoyment but who never play in front of an audience.
There are amateur musicians, those with other day jobs, who get together to play in groups and have various levels of involvement in making music.
Then there are the professional musicians who play for studios, various paying groups who may also teach and generally make a wage of sorts.
At the top of the music tree are the 5% of musicians who command our collective attention, make large sums of money and sell music around the world — the Paul McCartneys.
The connection is that they all had/have an involvement in making music, at a particular level.
The business world is similarly structured with various levels of involvement that can range in intensity, purpose and outcome. So where do you fit in the business world?
You may believe you are really in the highest level of business already but are you really at the best level of business? What is the best level of business to be in? Assess your own approach to your business against the following:
Do you have;
- A day/night job and a working hobby (business) that supplements your other income?
- A business serving a number of clients/customers from whom you earn less that $50k per year?
- A business with a number of clients/customers from whom you turn over of $300k+ per year?
- A business, employing others that you must keep working in to keep the business going?
- A business that keeps going and paying you even if you go away for a six/twelve month holiday?
If y...
