From my point of view, what does JOB mean is – Just over Broke or Just Obey Boss? It’s applicable even for the CEO of the company; he is also an employee of the company. He should also obey the rules & regulations framed by the founder of the company. He can’t say that I will work only 2-3 hrs/ day or 10-15 days a month. You may think he is getting paid in huge amount, but do you know lot of his salary earned will be spent in taxes, liabilities and many more. He is not creating assets that are worth, which will earn for over a period.

Many are of the view that going for a high paid job will helpful to achieve their dreams. Also they are thinking that during retirement that the Govt/Company will take care of them in their old ages, no way. Stupid thinking, what happens if the company is bankrupt. Am not saying JOB is worthless, of course it’s the one which is giving bread & butter. But if you think being in JOB you can reach great heights, then there is a problem. Also the income potential is less. When I say the income potential or the salary or money is less, there are a certain category of people who says that money is not important in life. I do accept, but let me ask couple of questions to those category people.

1. Why are they switching their Job’s?

2. Why they are doing a post graduation course?

What is the answer for above questions? Its money, I can say it.

1. By being salaried whether you can able to achieve your dreams? Many are confused about what is a dream? Or don’t know how to dream?

Just spend a couple of minutes & write 5-10 dreams if money & time is not a challenge for you.

2. Are you financially settled really in job?

If you think you are settled, I have an answer for you. Your Income = Ability to perform X Company.

For e.g. we consider two scenarios.

a. If by chance you loose the ability to perform job, then your income = 0

b. If the company itself not there then your income = 0

3. Do you have job security & financial security?

Consider a family of Husband, wife & a child. If by chance the earning capability of the husband is lost what the financial status of the family is. Will they be able to survive for a month without money?

Also if a new technology comes old technologies vanish. One example is pagers & carburetor companies. Those companies are not any more. If company itself not there what about you and me. Today you may be doing great job but somewhere someone is inventing a new thing.

4. Are you passionate about doing the job which you do now?

If you are passionate then ask yourself, Am I feeling happy, excited & has great passion to go for work on Monday morning?

5. Are you able to spend quality time with your family & friends?

Think off. To all the question above, the obvious answer is NO. If the answer is No, then who the hell thought you that going to job is great, doing business is risky. Then what you are going to do then? Just ask yourself. We should be thinking of earning a royalty income.

To earn royalty income we should do something different. I think everyone would have understood what I am trying to say? What’s It? Business. But many are of the view that doing business is risky.

Of course there is risk involved in everything. What assurance is there that we will be alive tomorrow morning, that’s itself a big risk. The biggest risk is not taking the risk.

There is small shop nearby house, if that guy (uneducated fellow) has the guts to take risk and keep a shop then where are we? We all have good knowledge doing management studies, reading theories & principles etc. if you can't take a risk in this age I am sure you won’t be able to take risks when you are getting old. Because you are robbed off commitments & the next younger generation will kick our back. We are born to be free not busy.

In business its not the case like Job. It’s a passive income what is passive? Even if you are there are not if you can create income its called passive or royalty. There is a saying by Jason Oman "If you are not making money while you sleep, you'll never be rich."

Lets take an example of two business persons who are earning royalties. One is M.S.Subhulakshmi mam, great singer and another is Ray Kroc, owner of McDonald’s. Both of them are not alive today but still their family gets income. This is what the business can do. It creates an income which can be willed for generations to come. Also it grows not a cycle.

Then what’s the specialty in the business is? It’s the compounding principle & network formation.

I explain you with an example

Everyone has 24 hrs. Me, you as well as Ratan Tata & Ambani But what’s the difference?

Me working as an employee works only 8hrs/day where as the others it’s not the case. Assume both Tata & Ambani has 1 Lakh employees. So his productive hrs is 8 Lakhs hrs/day, but our life time money making hours is 1,20,000 hrs/life time(10hrs/day x 40yrs x 300days).

If you take any successful person in the world from any field, there comes the compounding & networking principle. Sachin, Sharukh

One simple example is even a simple electrical bulb cannot glow without an electrical network. So forming a network of people or an organization is most important in a business.

There are 4 kinds of people who earn money. E, S, B, I

E – Employee, S- Self employed, B- Business, I – investor

Left side of the quadrant(E & S) always works for the money and for right side of the quadrant (B & I)money works for them. There always 80% people who works for the 20%. One simple example is working for an organization & serving the company’s dreams, goals.

Many are of the view that we should learn everything only then we can start. If you keep on learning for years, time passes by. You should always be a pioneer only then you can reach great altitude. I can quote one simple example Mr.Narayana Murthy, he is the pioneer in the software industry. When he started, no one knows about it. Hardly there were computers. Another example is Bharti Airtel, before the launch of cellular services they were pioneers. Unless you start early you can’t reach top spot.

Business people are always intelligent rather than technical. Why am saying it is? They will get the job done by giving some small pennies to the techies. That is they will use other people talent & time. To say about this, you can take same example Mr.Narayana Murthy. Who knows Java, or many other technologies he himself or his employees. So what he does is using the other people talent & time. We are trading our time, but he is exploiting our time so that he can do whatever he wants.

In business it’s always a growth whereas in job it’s a cycle. To make it more clear about this. Lets assume you work in a concern for 15years. By working 15years you would have reached some senior level in the company but note the point you are not the boss. To elevate yourself to the senior level, you would have gone lot of pressures, tortures etc. You wouldn’t have spent quality time with your family & children. Going early and coming late. Doing certifications taking up additional courses etc. If you do all these and if the company persists in the market, you can be in a senior level. Lets suppose you have a child. When you retire will the company will offer the position what you served definitely not. He should also start from the same position and climb the ladder. While climbing, he too should undergo the same tortures what you have went through. Do you really want your child to get suffered?

In business it’s a growth. For an example Mr. Dhirubhai Ambani would have started a business from scratch and reached to a certain level. Anil & Mukesh will start from the position where his father left and continue developing from there. Next generation will start from anil & mukesh had left. That’s why they are keep on growing and becoming rich whereas we are trapped in a cycle and living for paychecks.

I can say you one more thing, Cashflow quadrant. Many of you would be wondering what is cashflow. Cashflow is a diagram which clearly shows the income, expenses, assets & liabilities and how these are connected together.

Typical Cash flow quadrant of an employee.

You work as an employee in an organization serving the owner of the concern (helping him to achieve his dream). The income you earned by working for an owner will be spent in expenses. In the income, a portion of the income will be paid as taxes to the government. So you are working for govt. In the remaining portion of the money some amount will be paid to banks for the loans you have taken. So you can infer from the above diagram that ultimately there no assets left only liabilities also you are not working for self rather Owner of the organization, Government & Bank. If you keep on working for them will you be able to attain top levels.

Inspite of saying that business is the best option there are some people who will say something called – Excuses. Following are the list of excuses,

1. “I am Busy, I have no time” I have something for you as well.

“Top business man like TATA & Ambani and many more are doing multiple businesses. When they have time to do that, where are we? What we are doing?” I & you are doing only a single job and saying we are busy”.

2. I don’t know whether I would be able to do this

Did you think by being born you will be able to do the job or learn new technologies.

3. Some will say I don’t have the skills or knowledge.

If you say knowledge is important then you are wrong, decision is important. Because if you look @ people they are not born with great knowledge rather they would have gained over a period of time to be successful. To be successful you have to take the decision, only upon strong decision we can able to gain any skills.

Above said things are from the individual point of view. How really an individual benefits from it. If you look at from the bigger perspective there is many. Its helps in the country’s growth as well. Today many are complaining that govt is not providing this facilities or they will be saying, this is not good that is bad. Govt too needs lots of money to run a country only then can provide better growth. To provide that we as citizens should pay taxes. Because by paying taxes only the govt can run and can provide employment, technological inventions, recreations etc. Then we should shift ourselves from the employee to business quadrant. Only upon doing that we can earn more money & we can pay taxes without any problem. So if each and everyone turned into an entrepreneur the growth of the country is phenomenal. Also there won’t be any poverty, illiteracy, unemployment leading prosperous country.

So if it’s good for one self & country why not we can do this and help our nation. Let’s all unite together and bring our India a better & best nation.