Are You Leading a Paycheck Factory or a Company?
By: Tom Caprel
Have you ‘bought yourself a job’? Or created the ‘Paycheck Factory’? Perhaps both?
I was facilitating a planning meeting last week, and one of the participants said, “All we’ve created here is a paycheck factory! Our customers pay us for the work we’ve done, we put it through the business, it splits into paychecks, and we have very little left over as profit. I don’t see the future getting any better!”
We’ve all seen it – the freelancer, sole proprietor or even a CEO who lands enough business to fund a lifestyle, but not enough to build anything that has long-term value. I call this, ‘buying yourself a job’.
I challenge you to evaluate where you are: even though you work for yourself, have you just ‘bought yourself a job’? And has it extended to Part II: The Paycheck Factory?
Here are some questions to help you recognize if you have a paycheck factory:
Did you find yourself identifying with even two of these four sets of questions? If so, you are probably running a ‘paycheck factory’. And for many entrepreneurs, this is really okay, and all they want.
But for those who are reaching for more, and are looking forward to rich rewards, an empowered staff and even financial security, here is what I suggest your action needs to be:
Being a ‘paycheck factory’ has its rewards. Being a company that wants more, will give you more.
About the Author
Tom Caprel, Sr., is the founder of Breakthrough Results, and is a master coach in success, both for life and business. (630) 918-0760.