When we're talking about being more adaptable and we're talking about entrepreneurship, I can't help but sway the conversation towards money. What's the use of being an entrepreneur if you're not going to be making money because this is about being able to be adaptable and we know that if you want to do more, be more, have more. It's an investment and it's going to take money to be able to show up in your life. If you know how to show up in your biggest, brightest way for free well, good on you but in this world, in this life, it’s going to take a little bit of money. So what's the point of starting a business if you're not going to be making money? Now if it's a hobby, then that's something different, but if you're talking about being an entrepreneur, a business owner, even a side hustle owner. When we talk about the difference between us, someone that has a side hustle and someone that has a business, they're still making money. We're not saying hobby. It's not my intent to help you start a new hobby, but to help you start a business or a side hustle.
Let's talk about entrepreneurship first, so for me, there's three different types of entrepreneurship that I talk about. There's micro entrepreneurship and what do I mean when I say micro entrepreneurship? It's something small. It doesn't take a whole eight hours of your day. It’s repetitive, but it's like on autopilot. It can do it itself like let's say you have some digital products that you make. You set them up on a platform and you sell those. And so I said, that's my girl, because it doesn't take so much of your time. It doesn't take so much of your mental investment. You create that and you create up a system where you kind of live by itself, so that's something small. But that can also be something like you rent out your room once a month as an Airbnb or something like that. It doesn't pay too much of your effort and you can still have your full time job and it just kind slice in there easily.
Next is part time. It takes a little bit more of your time, but it forces you on what I like about entrepreneurship. It really forces you to be efficient with your time and so when there's part time entrepreneurship, you can still have your full time job or you have stepped down to a part time job so you can have a part time business and that's taking a little bit more of your mental real estate, a little bit more of your time, a little bit more of your effort. You might be doing some coaching or something like that. You may be detailing cars, you may be doing assessments, but you're only doing that in a small hours because you could still be working part time hours. You could still be working 20-30 hours and still consider part time, which is really close to full time, but you can still be working part time hours and making full time money so it's not about the money you make. For me, it's about the hours you're spending.
And then there's full time entrepreneurship and that is replacing your 40-hour job, that is replacing your military service. It is replacing everything. It is your job. It is what you do. Now, It's your 9:00-5:00 and it's going to be using at least 40 hours a week. So those are the differences of entrepreneurship and those are the vehicles that you would be using to create this money. These are the vehicles you would be using to be more adaptable. These are the vehicles that you would be using to make an impact inside of your household or outside of your household.
Which one of these do you think would be a best fit for you? Is it micro entrepreneurship? Is it part time entrepreneurship or is it full time entrepreneurship? Let me know. What do you think is the best one for you?
© 2020, Transition365 LLC