I came across an interesting question that someone had posted - what is it that a business owner understands and not his employees?
This question immediately struck me - as I have been on both sides with being an employee for much longer than a business owner. I still feel that most of me works, thinks, functions like an employee - but this part of me is fading, slowly but surely.
I have not been able to truly pin-point what is the difference between an employee and an employer - but in my understanding, it is the sense of ownership.
I think the biggest challenge that one faces when the 'cross-over' happens, is the fact that now ownership is all yours. And I don't mean ownership as just who owns a business, but ownership of thoughts, ideas, results, drive, motivation, learning, speed, finances (or the lack of it) - well, just about everything is your own. That means, the-buck-stops-at-you!
As an employee, whether in a large-scale organization of a small one, there is always someone else who was supposed to deliver something - and since that didn't happen, I didn't do what I was supposed to. When one has his / her own business, then these things don't matter. Work not done means lost opportunity and time-wasted.
Having said that, I think it is not only the business owners who can actually feel the pressure of ownership - there are many employees who would take complete ownership of their set of responsibilities and when these responsibilities grow - sense of ownership grows as well.
What it all comes down to is this, if all employees start taking complete ownership of their responsibilities, then their relationship with the employer would improve and thus the employer shall not look like a scary halloween character! This shall improve the overall work culture and atmosphere - thus the results, for one and all!