The difference between the rich and the poor is a decision. Whatever decision a man makes will define where he will be in the future. Becoming rich or poor does not depend on being your boss alone. Employees also get rich if they can manage their earnings. In the race of becoming a boss it relies on the person's skill in money management. Working in a good company can yield more profits for the person than a boss who chooses to run his business. Competence matters in all departments. Some hackers and programmers working for Facebook earn close to 2k dollars per hour. Isn't it quite a huge money for most CEOs around the world running a business? In whatever decision we make it's important to be competent and strive to be the best. With the rate of problems in the world market, inflation and unemployment, and hikes in the prices of products, running a business requires competent people.
That's why most people who think they can't do it perfectly choose to get employed in an already existing company. However starting a business with 5 employees depends on the budget of the employer. Five employees are quite too big unless their services are needed in the business. An entrepreneur can decide to start on his own, and then expand gradually to 2 or 3 employees. Expanding quickly affects the growth of many businesses and has caused lots of successful businesses. Renting big office spaces and relocating brings down companies, as the money used to run a company shouldn't be spent in high numbers. If you want to run a company or business, make sure that the money left after expanding is enough to cover for few extra years' expenses. Mistakes of moving too fast to appear big have led to the delay of employee salaries for some companies. These workers are the pillars of the company if they choose to reduce the productivity of the venture, customers will begin to decline thereby collapsing the company.
Moving on, competence rules in any area. Not only is professional competence important, but so is financial awareness. Programmers making big bucks? Besides coding, they're financial ninjas who know where to invest their money. Slow and steady wins the race for novice entrepreneurs. Not simply caution; strategic growth. By focusing on sustainable growth and avoiding the temptation to appear huge, they're playing the long game. Rich people understand compound growth in business and investments, which sets them apart. As an employee or business, each move should be calibrated to achieve financial security.