Consumer VS. Producer

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There are two types of people in this world; Consumers and producers. They are both a mindset that you develop with time and it affects your spending habits, your creativity, as well as your ingenuity. As you might guess, to be an entrepreneur you need to shift your mindset from a consumer to a producer (maker). Let me explain why…

Consumer

This is a consumer. She is buying goods which a producer made.

We are all Consumers. We spend our time watching, reading, eating, and buying. No matter how frugal you are, we all occasionally buy things we really don’t need.

Producer

This is a producer. He is creating something of value to sell to others.

Producers strive to make something valuable to others. Everything that we consume and pay for was built by a producer.

Many of us grow up believing that being a producer requires us to be as smart as Elon Musk or to be in the right place at the right time like Mark Cuban was when he revolutionized the tech industry during the tech-boom. This is not the case at all. What we don’t see are the millionaires who are producing value behind the scenes by making websites, blogs, and software.

The producer mindset allows you to view the world through the lens of what you can give to the world. This lens will keep you striving to generate new and innovative ways to provide value to our society and allows you to see how others are doing the same.

It’s important to note that consumers vs producers exist everywhere. On social media, you either watch other people’s content or provide content to others. You either grow your own food or buy food that someone else has grown. You either outsource for electricity or you have a self-sufficient house. While it may actually be beneficial to consume rather than produce in some areas, it is good to be aware of the differences and opportunities available to you through a consumer/producer mindset shift.

As an entrepreneur, start reprogramming your mindset from a consumer and to a producer. The next time you walk into a restaurant, look at ways they can improve their service to their customers. Look for ways you can provide value and be of service to people. The more people you can provide value to or be of service to, determines your wealth or your potential for wealth.