Even if you’re employed by someone else, you’re actually still in business for yourself. And to get a rate of return from your business should be expected. For those of you who may be self employed, this thought might make sense, but for most of the people who are employed by someone else, you may have a difficult time realizing the concept.
When you’re employed by someone else, you put your time in, day in and day out to do your job for your employer and your employer compensates you for your time in the form of a paycheck. Let’s look at it this way…your employer is in the business of XYZ, but you are in the business of Y-O-U. So, your paycheck is the income of your business.
“Your greatest asset is your earning ability. Your greatest resource is your time.”
– Brian Tracy
In the business of Y-O-U, the compensation received from the employer (the paycheck) is the earnings the business of Y-O-U receives for the services you provided to the employer. From that compensation (or earnings), is where you should expect to get your return from. This would be the ROI or return on investment for your business.
That return is what I like to consider as being the Return On You or ROY! That return can be whatever you want it to be, 1%, 10%, 20%. No matter what the percentage is, you should strive to get a return just like you would from any other investment. This concept plays into the ever important strategy of paying yourself first!
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