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Unexpected closing for Ryan’s Buffet in South East town of Forest City, NC

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All over social media today I read where several Ryan’s Buffet restaurants have closed in the South East today without warning. It reminded me of a few years ago a talented individual I was speaking to about considering going into the insurance business. She was very motivated, and excited to do it until she spoke with some family and friends. They talked her out of taking the opportunity and opting instead for what they deemed a “secure” job, with a “guaranteed” income. I actually spoke about it briefly in my podcast today. Click to listen

That same week another person in the same area, with less talent decided to take the risk, and go into a more entrepreneurial opportunity. He was given the same advice as the other. Today he is making over $100k a year in a pretty impoverished area. Unfortunately the other who opted to take the guarantee at a local restaurant for a management job is now unemployed.

The first person really lost 2 years ago prior to the business going under. They lost because the mindset adopted was one that gave up on their highest potential. It gave up on their greatest asset, and that’s their own drive and ambition. They lost 2 years ago by believing a lie that there are any guarantees in life. I have often argued if I work for a company I have no control over my destiny in that company as I’m not the sole owner. That is a much riskier proposition, and one with horrific diminishing returns than to simply bet on myself. I can control how, where, when, and with who I do business with If I’m the captain. To me this is a much more tolerant risk, but the lie that so many people believe is “working for another is no risk, and working for yourself is a greater risk”. Not so.

  1. No one will ever be more concerned about how much you earn than you. This makes you a great boss.
  2. No one will ever be more concerned about who much you work than you. This makes you a great employee.
  3. No one will ever be more concerned about what you do than you. This makes you great at human resource
  4. No one will ever be more concerned about how your customers than you. This makes you a great CEO
  5. No one will ever be more concerned about what your company operates than you. This makes you a great CFO
  6. No one will ever be more concerned about what your company spends than you. This makes you a great investor.

When you work for yourself you have guaranteed you have the best boss, employees, human resource dept, CEO, CFO, and investor that you could ever be in business with. Why not join a team you know you’ll do well with, and see eye to eye with?

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