Employment vs. Entrepreneurship: Going From Employee to Owner

Earning income is a critical part of building your wealth. For most of us, that is either having a job or starting a business, but what if there is a hybrid way? In this episode, I talk to Kirby Williams about her journey of going from an employee to buying and running the business she worked at. Kirby is the owner of Advantage Publications, an educational publishing company where she was formerly a marketing associate. She has designed and developed custom financial education slide calculators for the Social Security Administration, the FDIC, VOYA, CalPERS, the CFPB, and others. In 2018 she created The Match Booster, based on the Blended Retirement System that is used in financial readiness education by Fleet and Family Support Centers, Army Community Service, and the US Coast Guard PFMP.

Employee to Owner Episode Details

  • Kirby’s entrepreneurship aspirations
  • How to go from employee to owner
  • How to start a discussion with your boss
  • The biggest challenges faced
  • How the owner’s role of the company differs from an employee
  • The benefits of being the boss
  • Take risks as the new owner
Related Content: Spousal IRAs

Employee to Owner Resources

More podcasts: Military Spouse Entrepreneurs and Taxes

Military Money Show Sponsor

The Military Money Show is supported by Navy Federal Credit Union. Navy Fed is helping military members and their families tackle homeownership during these high-interest rate times with their new no-refi rate drop. The way it works is if you buy a home now and mortgage rates drop later, you could lower your rate by paying a low fee instead of refinancing and paying thousands in closing costs. You can learn more at navyfederal.org.

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Disclosure These notes may contain links to our affiliate products or services, which means I might get compensation when you click or buy. That said, I will only put affiliate links that align with our podcast discussion. If you want to “kickstart” your finances in the military, you can get access to my free Financial Kickstart Kit here.