What Employer Is
- An employer is any legal entity that employs one or more employees. The term, employing organization, usually refers to the organization that separates recruiting and hiring processes.
- Not all employers are created equal. So are their owners.
- Those employers who operate in the public sector are known as government and state-run organizations. These legal entities are owned by a government.
- Those employers who operate in the nonprofit sector are known as non-profit organizations. A non-profit corporation is any corporation that cannot distribute its free cash flow to the Corp's shareholders, leaders, and/or members.
- Those employers who operate in the private sector can be divided in two groups.
- Operational businesses are the ones that generate profits that are sufficient to operate. These employers don't depend on external financing.
- The rest of businesses are startups. They are still in search for their sustainable business models. Startups are usually enterprises in the early stages of operations. Commonly, they seek to solve a problem or fill a need. Startups don't generate enough profits from sales and depend on external funding.
- Some startups employ thousands of workers. Uber, Tesla, and WeWork are some of those employers. There is no definite rule for what makes startups startups. Often, a business is considered a startup until they stop referring to themselves as a startup.
- Employer, government organization, non-profit corporation, operational business, startup business (startup)
- Have you ever worked as your own employer? --Yes/No/Let's move on