It Is Riskier to Work for Someone Else Than to Work For Yourself

Is owning a business actually riskier than having a job?  By the way, I have both, so I'm not exactly a "burn the boats" kind of guy:)

Show Summary:

In this episode, I share the story of turning down a “safe” corporate job at John Deere during a recession and why that decision completely changed how I think about risk. Most people assume entrepreneurship is unstable, but after years of coaching and business ownership, I’ve realized depending on one paycheck can be just as risky.

Takeaways:

• A steady paycheck does not always equal security.

• Multiple income streams can reduce long-term risk.

• Friends and family often discourage entrepreneurship because it feels unfamiliar to them.

• Modern business owners have more tools, automation, and flexibility than ever before.

• Starting a business while working full-time can lower financial pressure and help you test ideas safely.

Action For You To Take:

Look at your current income situation honestly.

Ask yourself where all your financial security currently comes from.