In any circumstance, the owner always has the final say on the terms and conditions. This too applies with the way you choose your business, how you decide on investments and also how you plan your career.
Being an employee makes you a racehorse owner but being an employer definitely makes you owner of the racecourse. Certainly, as a racehorse owner, you win much only if your horse wins the race but if not, you are another ‘victim’. As James Schramko would put it, “These ‘victims’ were really just the race horse on someone else’s racecourse. “
As compared to the racehorse owner, the racecourse owner is always a winner. He never has to worry if the horses win or not. He always gets his share through the rentals, advertisements and many more. This can be thought of as passive income-money will come to you even if you just sit there watching the race.
You can now picture the huge difference between the two. Make your choice. It is always better to give your best effort and own the racecourse and then you can buy your own race horse as what James said. He implements this idea to his businesses that are now very successful.
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