Sunny day today, I continued my reading of a few pages of rich dad, poor dad by Robert Kiyosaki and I already wanted to write a small article about it. This page is about the difference between your business and your profession and how McDonald's is actually a real estate business more then a burger chain.
Your profession
What you do for a pay check but you are not necessary the owner or have an proposinnal interest in the gains made by the company employing you, you might get some bonus but if the value of the business growths by 1000% you' income probably won't even double.
Your profession is most likely something you have studied in school or skills you have acquired along the way.
One of the defining characteristics is that if you stop working, you don't get income anymore from your profession, it is tied to your time.
Your business
What is your business? How do you answer that question?
According to the book, at this point building your business means building your assets column, buying income producing assets that have a chance of rising in value in the future.
So you could have a normal job and still building a business by buying stocks in a company you don't need to manage.
For Robert, if you have to work at it everyday then it isn't your business, it would be your profession.
My reflection from that is:
I guess the difference would be that building your business is a job while owning the building is behind it is your asset.
On inleo.io writing a post is your profession as an author but acquiring new LEO tokens is your business (building your asset column)
Taking the McDonal's case, selling burger is your profession but acquiring prime real estate around the world is your business because that is where a lot of your value is. I guess the brand would also count as your business.
My parallel to HIVE
When reading those pages, my mind already made the connection to HIVE
For me my business would be something between a decentralized database and social media app. As a stakeholder in the $HIVE and $LEO tokens I have an incentive in selling the ecosystem to other people in order to get more involve as this a way to potentially increase token price thus increasing the value of my asset (the business) or in this case Hive Power.
If you own any amount of those tokens then your HIVE is your business, you want to increase the value of it in order to keep your investment valuable. HP could be a kind of digital reel estate where you keep that piece of land that can grow over the year.
On hive we are planting text, information and harvesting the attention of other via the upvote they give us. Our customers are everyone that can retrieve the information we are providing to the blockchain, and the more this information is resolving a problem for someone, the more value it has for this person.
Conclusion
My profession is software development and IT training. I also spend some time creating content on this website which help me serve my business.
My business is accumulating Hive Power and Leo Power because those two are assets. My goal is to increase the value of those assets using some of my skills, work (profession stated above) to get more people in and increase their activity on chain.
That is only a first draft and reflection I am working in my mind when processing this book I am ready and still working on setting myself up as a fully remote worker, location independent worker. I am assessing a lot of pathways at the moment, one thing I realized is that business/ecosytem that manage to leverage individual from around the work and make them productive using market forces will have a great advantage in the coming decades.
