A | B | C | D | E | F | G | |
---|---|---|---|---|---|---|---|
1 | Types | Definition | Control of... | Area of Focus | Goal | Path to Wealth | Portfolio of... |
2 | Employee | Working for someone else to collect a salary (or salary equivalent) | Aspects of yourself | Where should I spend my work time? | Upward Mobility | Live below your means | Experience |
3 | Freelancer (including independent contracting) | Working for yourself | Yourself and your clients | What work should I do? | Better Customers | Pick better clients | Clients |
4 | Small Business Owner (including franchising) | Owning a business to generate a profit (and possibly an asset) | Yourself and internal resources | How should the work get completed? | Profit | Get more efficient/profitable | Revenue/Customers |
5 | Entrepreneur | Working for yourself to collect a salary and build a scalable, sellable asset | Yourself, internal and external resources | Why should work get completed? | Growth/Exit | Growt the company and sell your ownership | Companies |
6 | Investor | Partial ownership of scalable, sellable assets | Yourself and internal resources | When should the work get completed? | Returns | Invest in a portfolio of companies and hope for a winner | Investments |
7 | Conglomerator | Majority ownership of multiple businesses | Yourself and internal resources | Who should I invest my time and money with? | Returns | Invest in a portfolio of companies and get more efficient/profitable | Companies |