Are you an employee or an anetrepreneur?
I came across the below story and I could not help but think butto share this with everyone. You might find this story quiteinteresting. It is adapted from an audio segment by RobertKiyosaki, best selling author of "Rich Dad, Poor Dad" and allowsus to ponder whether a home based business is right for us as anindividual. Home based businesses are not for everyone.--------------------------------------------------------------------------------A Spring Runs DryThe story is told ...
...of a spring that ran dry in a small mountainvillage. The leaders gathered to determine how they would supplythe village with clean water. There was another spring andreservoir about a mile away but was too far for the villagers totravel.One of the men volunteered to solve the problem by carryingwater into the village himself each morning for a set fee. Sincethe need for water was clear, the leaders agreed to the offerand determined a fair price for each bucket of water delivered.Early the next morning the "bucket carrier" arose and begantransporting water. It was hard work but he was pleased with theimmediate pay for his efforts. He awoke each day and hurriedlycarried water. The more he delivered, the higher the pay.As time went on, he began to think there had to be a better way.So, he designed buckets that could hold more water and wereeasier to carry. He bought better shoes and discovered a quickerroute between the reservoir and the village.The problem was, despite all his improvements, the bucketcarrier still had to get up each day to carry water.A Better Solution?Some time later, another villager came forward with an offer tosupply water. He planned to build a pipeline from the reservoirto the village.The leaders were skeptical but eventually agreed to thecompeting plan, especially since the new proposal would cost thevillagers less for the same amount of water. So, while thebucket carrier continued his daily routine, the second man beganwork on the pipeline.The digging was tedious through the treacherous mountainterrain. The necessary tools and materials proved costly but hecontinued his work diligently for many months.Finally, the "pipeline builder" installed the last piece of pipeand ceremoniously opened the valve while a crowd gathered.Everyone cheered as they watched clean water flow into thevillage cistern.How Things Changed!The following day the two men's worlds changed dramatically.The bucket carrier had to lower his prices significantly totemain competitive. He worked harder and yet found himselfworrying about losing his job.The pipeline builder, however, began enjoying the fruit of hislabor. He stopped working long days and began enjoying theincome his venture generated. He found the pipeline requiredminimal maintenance, so he was free to spend his days fishingthe mountain streams and enjoying time with his kids.Years LaterMany years later, after both men had died, the pipeline wasstill an integral part of village life and the pipelinebuilder's children continued to enjoy the benefits of a father'sentrepreneurial spirit.Observations...Bucket Carrier Description: Employee - Has a job Income Type:Linear Income Effort: Constant Implications Time Poverty Reward:Immediate gratification (paycheck) Examples: Constructionworker, Doctor, Secretary, Lawyer, etc.Pipeline Builder Description: Entrepreneur - Owns a systemIncome Type: Residual Income Effort: Intensive early withminimal later Implications: Time Freedom Reward: DelayedGratification (fees for service or royalties) Examples: Author,Inventor, Artist, Musician, Business Owner, Entrepreneur, etc.Consider building a pipeline...It doesn't matter how efficient you are at "carrying water"(your job). Nor does it matter the size of your paycheck. Goingto work tomorrow, next week and ten years from now will still bethe prerequisite to collecting a paycheck....only a paycheck.--------------------------------------------------------------------------------I hope everyone enjoyed this story. It certainly makes the mindponder how we approach our income now-a-days. We certainly havesignificant number of options and the technology allows us theflexibility to be entrepreneurs from the comfort of our home.Ccome join the art adventure at http://www.artideas4u.com
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