What is better: a career in a corporation or your own business? And can everyone be an entrepreneur? Arina Egorova, a top-manager search consultant and author of a career blog, talks about the features, pros and cons of working for her uncle and for herself.
— Sooner or later, any young and talented person thinks about what he should do in this life: build a career or build his own company.
Executive Search Consultant
About the builders
Builders (entrepreneurs) are people of a special type and mentality. Almost all of them started reselling something at an early age. By the way, I really like the story of Russian billionaire Mikhail Fridman about washing windows in the late 80s. All entrepreneurs are different: some are wildly charismatic, others are absolute introverts. However, as a rule, they are united by 3 important characteristics:
1. The desire to create. I was once at a breakfast with Oskar Hartmann (serial entrepreneur and philanthropist, founder of more than 10 companies, including KupiVIP, CarPrice and Aktivo - approx. "About business").
And he told his story: “I came to the Moscow office of BCG (Boston Consulting Group), where I subsequently worked for 1.5 years. I looked at the work of a consultant from the inside, and realized that I want to create a product, and not be a person who develops strategies, draws presentations, and then all this is sent to the table. I definitely realized that I wanted it differently. I want people to use what I created." Next, we omit the details of how he ran around among investors in search of starting capital of $300 thousand, fell into despair 10 times a day, but did not give up. Absolutely, entrepreneurs are people who frantically want to do something new.
2. Desire to take risks. It’s unlikely that anyone consciously wants to lose a couple of million by investing in their project, but a distinctive feature of entrepreneurs is the acceptance of the fact that things may not work out. As strange as it may sound, they love and appreciate their mistakes. Let's remember the story of Alibaba and its founder Jack Ma, who was on the verge of bankruptcy 47 times. Entrepreneurs tend to take risks where a sane person would refuse to take risks. But they don’t just take risks, they take responsibility for the risk and are mentally prepared to burn out, be reborn, burn out again and be reborn again. Personally, I have not met a single successful entrepreneur who succeeded the first time.
3. The desire to earn money. No matter what anyone says about the great mission, you always want to eat. Founders and CEOs of corporations often repeat that you cannot build something great on the desire to make money. This is of course true. Just like the fact that the hungrier a person is, the harder he works. Everyone wants to earn good money, but entrepreneurs look for and find opportunities for this where others don’t even try.
About managers
Managers are also people of a special mindset and character. Here are their strengths:
1. Process management. CEOs (especially successful ones) tend to rise from the very bottom in the corporate environment. Therefore, they know well the internal mechanisms and how this or that department works. They absorb the best corporate practices with the milk of their alma mater and understand exactly how this or that function in the company should be structured.
2. People management. A good manager is a person who knows how to competently build not only business processes, but also the teams that will manage these processes. You can’t just go ahead and manage 20 thousand employees. You need to have an idea of how to properly “feed” them all, motivate them, and delegate tasks to them. To manage a company effectively, it is not enough to be an ideological inspirer and creator - you need to be a great teacher. And managers, as a rule, cope much better with this than entrepreneurs.
About defectors
History knows many interesting transitions from one status to another. The most common is when a person was a good leader at McKinsey or PepsiCo, received sufficient expertise, and then went free and created his own company.
Reverse transitions are much less common, but in my practice they also happened. For example, a person created his own startup, the startup took off, the founder sold the company to a giant and became the CEO of his brainchild, but within the corporation. Or a person left his own business for someone else’s to take on some senior position, for example, marketing director. It turns out that these people quickly built their careers by creating their own company. As a rule, they did not plan such a route along the career path, but it turned out great in the end.
Work in a corporation vs your own business
Both working for your uncle and working for yourself has its pros and cons. Let's talk about them. I'll start with the first situation.
Pros of hired work:
Level of responsibility. When you work in a large company, you are responsible for your piece of work to your immediate supervisor. The maximum you can face for failure to perform your official duties is dismissal. It's a shame, it's a shame, but collectors won't come to you.
Work-life balance. If you work for your uncle and are not in consulting, then most likely you have an 8-9 hour working day. You go to lunch, and on the weekends you completely forget about work. In general, your work-life balance is under control.
Clear career prospects. You have a rough idea of when you will sit in the director’s chair and what you will need for this. Your KPIs are normal, you live on your salary, you know exactly how much you will save next month and who you will be at 35 and 45 years old.
Disadvantages of hired work:
Glass ceiling. At any stage of your career, there is a risk of hitting a glass ceiling and being faced with a choice: “sit on” your boss or wait 5 years for him to leave. You may have to fight for your promotion. Unfortunately, even in international companies, good employees are not always promoted according to their merits.
Pressing. There is always a superior over you to whom you need to report. Even a great CEO is accountable to the board of directors and owners. And while he was walking towards the coveted position, he probably ate a lot of tasteless things on his way, knocked over by his bosses.
Self-flagellation. As a rule, at those moments when you stop for a couple of years in your career development, cases of young and successful people who have created their own companies from scratch appear from everywhere. And you look at them and think: “Damn, I’m 35, I’m here running errands, and people are creating empires all around.” And that's all - long-term depression is guaranteed.
Now let's weigh the pros and cons of our business.
Pros of working for yourself:
Your own boss. You don’t have to ask for leave or sick leave, report what time you came and left the office (if there is one at all), you are your own boss.
Fast growth. While your former classmates are breaking through glass ceilings in corporations, you are already riding a “gelding” and making good money. Of course, provided that your business is successful.
Photo from the website m. progorod43.ru Unlimited earnings. If your business is quite successful, you probably already earn significantly more than your peers in paid work. And if your business is very successful, then you have probably already sold your share or retired from running the company and traveling the world.
Disadvantages of working for yourself:
The earth burns under your feet 24/7/365. Employees often complain about stress. Today the boss pressed them, and tomorrow everything is fine. Entrepreneurs are constantly under stress: clients have abandoned them, they have nothing to pay salaries, they have invested their last money in a party that may fail, their partners are unhappy...
Vague prospects. Entrepreneurs, especially beginners, are constantly in uncertainty: they never know whether the business will work out, whether they will be able to avoid problems with the bank, or whether their money will be burned. And now you work more than your friend from PepsiCo, but unlike you, he understands perfectly well how much he will earn tomorrow and in 5 years.
Self-flagellation. Just at such moments, when you are on the verge of despair, sales are approaching zero, no one needs the product, you meet a young and successful manager and think: “Damn, I’m 35, I’m like a student, running around looking for investments, but he doesn’t sweating, he climbs the career ladder.” And - long-term depression is guaranteed.
So which is better?
According to statistics, 3 out of 100 startups fail, and an entrepreneur fails 6 times before launching a successful business. What does it mean? Never mind. About the same can be said about a career in a corporation: 80% of employees remain middle managers, have been paying off the mortgage for a two-room apartment in Chertanovo for 30 years, and go on vacation to Turkey once a year. You can be the best in any industry, whether in hiring or in your business. The main thing is that the chosen field is to your liking. As they say, it’s difficult to judge a wine by its label and sommelier reviews—you have to try it.
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Today I offer you some of my thoughts on why employment(so-called “working for my uncle”) is a path to nowhere. I’ll say right away that all my arguments will relate to our time and our country. Somewhere else and at another time they may not be so relevant. In addition, I will describe what I consider to be a pattern, a rule, from which, like any rule, of course, there are exceptions.
So, today, hired work continues to traditionally lead among all possible ways to replenish a personal or family budget. Starting from a conscious age, people are imbued with the idea that in order to earn money, they need to work. This idea is instilled in them by their parents, school, and general government propaganda. Moreover, it is advisable to work in a “dust-free” and prestigious job. Therefore, they start, and after graduation or even while still studying, they make every effort to get such a job.
In most cases, with a successful combination of circumstances, they join the ranks of the “office plankton”, because It is this option that is considered “clean” and, in some cases, even prestigious for a young university graduate. But even getting such a job today is not so easy, especially in a specialty, so the “best” jobs are distributed between those who have connections in these institutions (first of all) and the most persistent, competent students (secondary ). Those who don’t have enough such places go to more “dusty” jobs: as sellers, builders, maintenance personnel, etc.
That's it, the man has a job for his uncle, and his first important goal in adult life has been achieved! And it doesn’t matter at all that the salary he receives as a young specialist is, at best, enough for “budget” food and clothing, but it’s not even enough for rent, not to mention the possibility of purchasing his own apartment, even on credit. Therefore, there can be no talk of any independent life; you have to save on everything, rent one apartment for 3-4 people, etc.
With all this, such a desired job for hire gradually turns into: a person understands that, in fact, he has no rights and is forced to unquestioningly obey his boss, about whom the most obscene expressions constantly flash through his thoughts. After all, for this, the boss (no matter who it is: a businessman or the state) gives him money for food in the form of a salary.
Months and years pass, and the person understands that such work for his uncle no longer suits him, he is already a “good, experienced specialist” and therefore deserves more. Therefore, at one fine moment he decides to move up the career ladder to higher positions, where, as it seems to him, “life is better.” He declares this to his boss and either moves to a new position there, or finds the strength to change his job to a higher paying one (usually this is very difficult).
Now hired work suits him more: his salary is beginning to be enough not only for food and clothing, but also for renting a separate apartment, and even has some left over for entertainment. At first, at a new job with a new salary, the mood always rises. But then a person creates a family (after all, the time has already passed...), and what was enough for him alone again becomes insufficient for the life of the family. And then, as often happens, the devil pulled me to buy a car on credit, because I really wanted to have my own “iron horse,” and now this loan “eats up” a significant part of my salary.
What to do? Grow up the career ladder again! After all, you already have a lot of experience, which means you can already apply for leadership positions. And now, after a number of unsuccessful attempts, it’s happening! Now he is the leader himself! At first, it even seems to him that this is no longer working for his uncle, but that he himself is the “uncle” for whom they work, because he has as many as 5-10 people subordinate to him! And the salary is already great!
But after a very short time, an epiphany comes: if initially his work as a young specialist was simply slavery, now it is slavery squared. And his boss is no longer some petty boss, but Ivan Ivanovich HIMSELF... And you can’t joke with him, it’s scary to even go into his office or pick up the phone when he calls. After all, since he pays SUCH money, it means he has the right to demand ANYTHING at all. Irregular working hours, fulfilling other people's responsibilities, fulfilling unrealistic plans... And just try not to obey. It will smear on the wall... And this is in the best case!
And then the kids begin to grow up, and with them so does... And in addition to the car loan, a mortgage was added - a young family needs somewhere to live. And even this salary, which already seemed so huge, is no longer enough... Austerity, debts, and life “from paycheck to paycheck” begin again. Plus, there are daily “showdowns” with the authorities, which, of course, leaves its negative imprint on the state of health and the nervous system. But you can’t quit working for your uncle, because then what will you live on? How to repay loans? Teach children?
So you have to work for hire, spoil your nervous system all your life, endure all the inconveniences in order to have something to eat and feed your family. And the years go by. And now, after 40, 45, 50 years, a person becomes not such a valuable specialist, despite all his experience. If, after another conflict with the ferocious Ivan Ivanovich, he flies out of work, then he can no longer get another hired job of equal value. They don’t take them because they are not the right age... Everyone needs young and promising people. Therefore, we have to be content with something more modest, they fall.
And then retirement age creeps up unnoticed. Slave labor ends and beggarly labor begins. Which, you know, is enough for. And my health has already been given over to work...
And this is not just my opinion. Many people who are considered to be the most successful have written and are writing about this, since they were able to independently earn a lot of money from scratch. And, imagine, without working for your uncle! For example, the famous author of books on personal finance management, Robert Kiyosaki, in his second book, divides all people into 4 categories according to the way they earn money, and describes the category of hired workers, which includes 80% of people, as the least promising in this regard.
So what are alternatives to employment?
1. If we consider active earnings, then this is:
– Working for yourself (freelancing, private practice, etc.);
– Starting a business.
2. Active income alone will still not be enough to achieve and ensure a truly decent life: for this you also need. That is, a person must create personal capital and make money work for himself.
I have already discussed the difference between active and passive income, providing a visual graph demonstrating how these two categories of income change throughout a person’s life, in an article and other publications on Financial Genius.
All of the above alternatives to work for hire are worthy of separate series of articles, some of which have already begun, while others are in the near future. Therefore, stay tuned, subscribe to updates, join the official communities of the site and monitor the release of new publications, the main task of which is to take your personal finance management to a new qualitative level, change your consumer attitude towards money and encourage you to take a different look at some things that, may seem like truisms to you. Such as, for example, working for an uncle...
See you again!
Comments on this post: 42
Congratulations! You are already moving to the second sector. I hope that you will not regret your decision and that everything will work out for you! 🙂
PS: Personally, I can’t imagine myself working for my uncle anymore..There is such a thing. Before reading these articles, I formed the same opinion. Just by looking at my parents, living conditions, their prospects. But they don’t understand me, they say that you are strange, and you can’t live like that
My parents grew up on socialist principles, which no longer work... Now capitalist ones work...
Sergey, thank you for your thoughtful comment.
In the 90s, when there was practically no work in Latvia, even for electricians. I learned how to make birch panicles and tried to sell them through an advertisement in the newspaper. And what do you think, the Latvian Railway ordered as many as 3000 pieces, it was happiness! Work for the season, well paid of course .Now I make brooms for baths (Birch, oak), breed grape snails and this is very good money! I may not become an investor, I’m far from Robert Kiyosaki, but snails will provide me with old age, because demand in the EU is not 65% guaranteed. And people will always worry. That’s right: WORKING FOR “UNCLE” IS THE WAY TO NOWHERE!
Great example, Victor, thank you!
I would say that a network business is a kind of symbiosis of working for your uncle and for yourself. That is, despite the fact that it is headed by a certain “uncle”, it provides opportunities for independent development and earnings, albeit on the “uncle’s” terms :)
I have 2 apartments with good repairs (one was inherited, but I did the repairs myself, the second was bought on the primary market, the inside was completely finished and furnished independently - my parents live there now), a car (bought at a showroom), a garage in a good cooperative and certain capital. I live in a third apartment (not mine, but a relative’s), which I also did the renovations myself. I had all this by about 30 years old.
Once I registered an entrepreneur to start the desired type of business for my soul, but I was unable to implement it due to changes in legislation. Although I have been working towards this for several years, 3-4 years, I have already taken several important steps.
I received all my income mainly from investing existing capital, constantly increasing it. My first earnings were active - from working for my uncle in a bank, I worked there for about 9 years, in recent years I held a management position, after which I quit. Further, from active earnings, I was engaged in freelancing, took part in work on several financial projects on the Internet, then decided to create my own. I also mastered Forex trading and made money from this.
Since I live in Crimea, due to recent events I have lost a significant part of my capital (about half), and I have also lost my accumulated sources of income. Now I don’t have the same sources of income as I had before - it’s not possible to create them here. But enough for life).
I have always been drawn not to creating some kind of active business with 24/7 operation, not to active entrepreneurship, but to quiet, passive earnings, “without leaving home.” I prefer this. The offline business that I wanted to open, but did not have time (and this is even good, because now it could simply be “nationalized” for me), would not provide much profit - it would be more of an activity for the soul.
I also consider the site to be quite successful. I think that the income he brings is more than the salary of many.
PS: what’s interesting is that I don’t read a lot of books at all – I’m being honest about this. Incl. Kiyosaki, I haven’t read it, I just know what the book is about, that’s all).
This is my story.)Dmitry, I am to some extent on your wavelength of understanding the risks associated with entrepreneurship, but nevertheless I would like to correct you a little, if I may. The classical educational system (for now we are talking about the space of the former Union) convinced us that in order to achieve something you need hard work and all that, this has already become ingrained in us even at the cultural level with various sayings and proverbs “you can’t take a fish out of a pond without difficulty” etc. Nevertheless, Kiyosaki, by the way, confirms this in one of his books - hard work and perseverance are not enough, not everything is so simple. Here you need flair, you need to catch your wave in the case, if of course it’s yours. I recently watched an interview with composer Dunaevsky, who according to Kiyosaki is from sector “C” (not “B”) (a private entrepreneur) - he was asked “how do you think success is 99% hard work and 1% luck” to which he replied that “ I would say 40% (work) 60% luck.” I would call the main criterion to be the correct balance of power - not a single entrepreneur suddenly became one; he grew like a mushroom without some kind of preliminary support in the form of an already existing stable, permanent income. A successful business is long-term stable activity in a given direction, knowledge of all the underwater and surface rocks and reefs, the specifics of the weather in a given area, figuratively speaking, and all this is achieved precisely by working for hire, because for nothing it’s easy to earn big bucks and, most importantly, to waste time for free for the sake of The future of business will often not be unreasonably rosy.
Of course, these are 3 different categories. Investing is not cheap, I agree, but working for yourself is not necessary. For example, you can be a freelancer, work remotely, or even provide some services offline, investing nothing at all or practically nothing. At the same time, you can earn more than in the case of traditional employment.
There is another very important and expensive life asset that a person risks - health, physical and psychological. When working for an uncle, his losses can be (and most often are) very significant, and this is something that cannot be bought for any money, and the loss of health, in my opinion, cannot be compared with the loss of money (earned the money may then all be spent on treatment and medicine, and it still won’t be enough).
The experience gained from working for yourself can be much more valuable than the experience gained from working for your uncle. Because in this case, a person learns not only to perform some specific work, but also learns to be a leader (even to lead himself), and these are very valuable skills and abilities, much more extensive than when working under superiors.
We can agree that traditional work is the least risky way to earn money, but with many reservations. I wrote about this in an article. In particular, the main risk is that a person is completely dependent on his employer; if he is fired, he will simply lose his income.
In my opinion, working for an uncle should be used in the first stages of one’s development, as a tool for earning initial capital, if there is none, in order, as they say, to “get on your feet,” then gradually move on to working for yourself, and most importantly - to passive income. Because the labor and time required for active earnings are limited resources, but the capital necessary for receiving passive income can grow limitlessly.
In the article, I roughly described this scheme, and also drew an approximate graph of changes in a person’s active and passive income throughout his life.
Of course, this is my vision, you have the right to see differently and act based on your own vision. If your position will give you the opportunity to maintain your financial condition at a level sufficient for you, especially to increase it, I will only be happy! 🙂You don’t quite understand: I’m describing how the average person thinks and acts. These are society’s stereotypes, not mine personally 😉
In the second moment I did not see a question mark. I think that the situation you described is quite typical, I am not saying that this is not enough. Let's put it this way: it's common, neither good nor bad. But such a person is at high risk. Because if suddenly at one moment he loses this job, he simply will have nothing to live on and support his family. In addition, he will not be the boss forever: when he starts to age, say, after 40 or after 50 for sure, new, young bosses will come to replace him, and he will work in a lower position and earn less. And then he will retire and be left alone with his old age and 20 thousand pensions (for Moscow, approximately). From the second half of his life or a little further, his active income will begin to fall, and his expenses will rise. Therefore, my belief is that you need to focus on passive income. In this example, if a person, say, earned half of this amount in an active way, working for his uncle, and the other half in a passive way, and then, with age and capital growth, his passive income would also grow (and not fall, like active ones) – this situation would be significantly better.
The amount of earnings in itself means nothing. It is important how it is compared with a person’s needs - with his expenses. And also to what extent his income is protected and diversified. Therefore, “not little” will be different for different people, based on their needs. For example, in my region, this thousand dollars is quite acceptable income for a normal life and the possibility of saving. The average salary here is 150-200 dollars. But in Moscow, I’m not sure.Your father’s mistake is that he did not diversify his investments, he invested all his money in one thing, and when he went broke, he had nothing left. Now, if instead of one more or less large business he had several small and diverse ones, such a story could have been avoided.
In any case, everyone is free to choose for themselves what they like... I don’t force anyone to do anything).Danil, thank you for your excellent example!
Hello, Ivan. As an option, you can start working for yourself on the Internet (or start your own business there), which you will devote mainly to during non-working hours, and also monitor a little while working in the office. When you see that you can earn at least as much there as you would at an office job, you can quit without such risks.
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When things come to this, the guys will think that it is no longer possible to treat their employees this way, and they will improve working conditions in order to compete favorably with working for themselves.
Yes, “Working for your uncle is the road to nowhere.” I recently thought, why should I work for someone, try to fulfill some unrealistic plans, and for non-fulfillment “receive” from my superiors in full, thereby ruining my nerves and health... And some company presidents, directors who are imprisoned somewhere in Moscow, and most likely they don’t know the essence of our work, and they receive millions of rubles or maybe dollars. And we, the lowest level of performers, are like ants, trying to do our job for pennies... That's it, it's over!!! I will try to work for myself.
I fully support the author. A similar idea developed while still at school. It’s a pity that the majority around you do not support you, but are those who, on the contrary, because of their ignorance and illiteracy, oppress you and treat you with a grin. In fact, such people are stupid, but time will judge.
Hmm.. sounds pretty good, but it’s very difficult to take up and start working for yourself, people, who for the most part are executors of other people’s orders and not their own desires, are weak in spirit to throw off the shackles of slave labor. After all, all their security will be blown away by the wind) Although, in order to get better at entrepreneurship, it would be nice to work for an uncle with financial institutions (banks, insurance companies, tax authorities), a very useful experience)
I read it, compared it, and it turns out that even a network business is work for the same guy. In any case, if you are not the founder of the business, this is work for your uncle.
Konstantin, Kiyosaki’s book is all good.
Many people read it, how cool everything is written, how cool it is to lead, etc.
This is all cool, of course, but have you created something successful?
I'm talking about a real business, not a website or blog. For which you were able to buy an apartment, a car, etc. as you describe here.
In business you need to work and be ready to work 24/7, pick up the phone at any time of the day. Otherwise you will never create anything. Read at least 200 books on business.
There is a good proverb: the legs feed the wolf.
This is exactly true for an entrepreneur.
P.S.
In general, there are people who are good performers, there are entrepreneurs, there are unemployed citizens who will never work or crack seeds for the rest of their lives.
Konstantin, first of all, you need to be aware that working for yourself and investing is an expensive luxury, I would even say quite expensive, unless of course a person adequately values what he has earned, because in working for yourself and investing you also that you risk losing money, you also lose time, while in working for your uncle you risk only time, and if you choose your uncle correctly and for the lost time you can get good compensation, which will not be a problem in the first case. These are 2 completely different categories, I would even say 3 different categories, because I separate investing from private entrepreneurship, they are also located in completely different risk (in terms of finance) categories. If you put it in order, the lightest risk category is working for someone else, private entrepreneurship is in the middle category, and investing is in the heavy category. Jumping immediately into the medium and heavy ones, bypassing the easy ones, in my understanding, is akin to an attempt to jump over the capitalist era of development into the communist one and is fraught with very dismal consequences. Therefore, the main component - EXPERIENCE - must be developed by working for an uncle and not on your own; another thing is that not everyone is able to get to that uncle where he would later like to become an uncle himself - this is a completely different question that requires different elaboration.
1. What does it mean to be old enough to start a family? This is also generally a Soviet stereotype. You need to start a family not when you are old, but when you want to. You write about stereotypes and live by them yourself.
2. Having a car in an apartment, wow, that’s not enough for a person. It would be nice if you work for your uncle and by 40 you have no car, no apartment, no family. Yes, it's tough. But with a car, a house and a family, this is an excellent financial result.
The second question was never answered. Why is it that having a car, renting an apartment in Moscow, a wife, a child, and earning 60,000 a month while working as a boss for my uncle at 30 years old is not enough? How much is not enough in your opinion?
Yes Yes. My father is such a “successful businessman”. I started trading in the heady 90s, but the business went away along with the deficit. The second business, car resale, was destroyed when the government raised duties. The third, a construction company, collapsed during the crisis. And what? A man is 46 years old, his work book is empty, there is no money for a new business, they won’t hire him - he’s old, he has little experience. And all this time my mother worked as an accountant, at first for pennies, gaining experience. And now she is an experienced accountant with extensive experience and experience in various fields, she has been receiving good money for many years, if she quits, she will easily find a new job, she has an excellent resume. So think about where the path to nowhere really is.
I completely agree! Of course, it’s hard for people to get out of work and start doing something for themselves, I went through this myself, but it’s necessary, because I think it’s better to earn money for your own pocket than for these moneybags who don’t even value you.
That's it... I advise beginners, even if you work, look for ways to escape, do something that brings additional income, preferably passive, of course.
Thank you for the article!
Best regards, Vlad Klinkov!
You can talk a lot and for a long time on this topic and it will all come down to this: there are physical and intellectual differences between people, there are thinkers and doers, there are different styles of thinking, and there will always be employers and mercenaries, and this is very good. My friend is happy with his stability (mediocrity), hired job, weekends 2 days a week drinking beer. I showed him another life, as they had once shown me. Working for yourself, own schedule, full responsibility, variety in life. Now he wants to change his life. I'm not smarter than him, we have different thinking styles. For some, a slow and measured rhythm of life suits them, while others love dynamics and adventurism. I’m incredibly glad that I tried and took risks, now I’m freelancing, I have great ideas to implement and I hope that I will never return to paid work (I can’t put up with this). I don’t know how it is abroad, how it is in Asia or in America, but here “stable” means “moderate”. I am not ready to put up with this result, I hope you are too!!!
Good afternoon!!! Now I’m sitting in the office and thinking the same thing, how I’m sick of everything working for “Uncle”, sometimes my nerves give in, although it’s difficult to get me out. At the same time, he opened his own business store to improve his financial situation at least a little, and in the end he “got burned out” because there was no time for it. At work they constantly jerk you, you can’t leave the office, and even if you leave, phone calls with questions begin. On the other hand, if you quit and you can’t work for yourself, how will you pay off loans and support your family? Fear overcomes me. Can anyone tell me what to do?
The author writes everything correctly. I left my job 3 years ago because I fell and I didn’t want to survive. My girlfriend at the time didn’t mind. I lived with her on her salary, her parents helped. I decided to find a way to make money on the Internet. I spent 6 months on this, and then I started to receive a little money from the hype that I created. This, of course, did not suit me because I understood that this was not all stable and there was a big risk. I started looking for something else and tried many more methods. Of course, I earned pennies a month, or $200, but I wanted much more and to spend as little time as possible on my business. In the end, I achieved my goal. I earn from $6000-11000 a month, I withdraw money through an intermediary in cash, I take wmz to him. To bypass the tax office. I spend no more than 1 hour a week near a PC. And the money comes. Of course, I won’t tell you where and what I make money from, but I like it. And you don’t have to cheat in order to earn money, as was the case at the beginning of my acquaintance with online earnings. The only thing I miss is emptiness in my soul. I apologize for my ignorance. 10th grade education: (I hated studying because I didn’t see the point in the education that this state provides.
I would like to greet all my readers and subscribers. In today’s article I want to give my opinion that if you work for hire, you will never become financially free. That is, “working for your uncle” is a bad choice. At least for our country and the present time. Perhaps in another country this is not so, but in our reality “working for your uncle is a road to nowhere”.
In addition, in this article I will present the most basic patterns, to which there are always exceptions.
Currently, working for other people or companies is the leader among all possible ways to replenish the budget of both an individual and an average family. From birth, a person is programmed to the fact that in order to receive money, he needs to work for someone. Such thoughts are put into our heads from our earliest school years, and they are maintained until conscious adulthood. And all government propaganda is aimed at this.
Therefore, a person begins to study at a university and after graduation strives to get a prestigious job. As practice shows, some manage to get such a job, and this is facilitated by acquaintances and connections. In addition, for this it is necessary to pass certain tests and medical examinations in order to become a full-fledged employee of the enterprise.
Such people with a sense of self-esteem join the close ranks of the “office plankton.” Those who could not immediately find a “dust-free” job occupy lower positions, go to builders or service personnel.
The job is received and the goal is achieved, and it does not matter at all that the salary is only enough for food and clothing, as well as to pay for a rented apartment. Every year, such work is more and more reminiscent of ordinary slavery, since a person does only what his boss tells him, and not a step back. Of course, he pays money!
As experience and connections grow, the employee decides that he already deserves more and moves to management positions. His expenses increase and his salary also increases. He starts a family and children, takes out a car loan and a house mortgage. The needs are increasing and we need to somehow pay for it all. And my daughter is getting married.
Therefore, a person has no choice but to go for the next promotion. With a successful combination of circumstances, such an employee himself becomes a boss. And everything seems to be fine now, but there is Pyotr Ivanovich, the owner of the company or a higher-up boss in the ministry. And now you can definitely forget about a quiet weekend, since for such a salary he can demand anything - even work on weekends and calls at night. What about unrealistic plans and obligations?
A person has no choice but to continue working, since bills need to be paid, children need to be taught and helped, and grandchildren need to be raised. And then there’s the fact that health at 45-50 years old suffers from nervousness! And then, at one fine moment, Pyotr Ivanovich finally gets fed up and the man leaves the company at 50, or quietly works until retirement.
With the onset of retirement, incomes fall and you have to tighten your belts, and if the loans have not yet been paid off, and the mortgage is pressing - then it’s absolutely tough! And no prospects in the future.
In principle, I considered this not the worst option for career development, because most often it can be much worse. Of course, there are exceptions everywhere, but this is 70-90 percent of cases in our country. This is what working for “uncle” leads to.
Therefore, it is necessary in every possible way to look for an alternative to such work or to have capital that generates passive income before retirement.
How can you replace being hired?
- Opening your own business. There are now a huge number of options for organizing it - you can complete landscape design courses and provide services to the population, or you can simply start trading on the market. Each person has his own choice.
- Freelancing (working on the Internet).
- Network marketing to a lesser extent.
These are active types of income where you must put in maximum effort. But besides this, you need to constantly increase your capital, and create. You need to make money work for yourself, and not work for it for your “uncle.” And it’s never too late to start doing this! Watch an instructive cartoon about what passive income is:
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The majority of people sooner or later get bored with daily work in offices or factories and start thinking about telling their boss to go to hell and start working for themselves. And then various thoughts come to mind, for example, how to start your own business. But this is still a new type of activity for you; you are still taking the first hesitant steps and collecting all the necessary information. It is at this moment that you need support and good advice that will help you follow your heart.
The bigger, the better! Is it so?
Of course, your business may have a huge number of products and services in its arsenal. You think that the more products or services you sell, the better your business will be. You opened a couple of enterprises at the same time and you think that if one fails, the second will definitely succeed. In this case, you are simply on your own and you cannot focus properly. The outcome of such an experiment can be disastrous. Have you heard about the proverb about two birds with one stone? Better set the right priorities and work for quality rather than quantity. Make a truly worthwhile product or service, not a bunch of useless or mediocre ones.
Think about your business
The world around us is a fairly friendly environment, since it has all the resources we need. Look around carefully and you can find a hint, resources, and then implement your idea. You can choose innovative technologies or use your own idea. Learn to first separate the wheat from the chaff. If something is directly related to your business, take it into account. If not, then pass by and don’t linger. Adjust your perception so that you can look for new opportunities and make the most of them.
The main condition is not to get stuck on one bright idea for a long time, otherwise, to your detriment, you may lose all vital interests, opportunities and other bright thoughts. Let's say you find an interesting idea, but before you dive into it, analyze it thoroughly. Take a sheet of paper and line it into two columns, where you indicate all its advantages and disadvantages. And when you finish, make appropriate decisions based on the results obtained.
Do what you don't like
Sometimes we have to face tasks that we may not like. At this moment, our brain is overcome by temptations to put everything off “for later” or completely ignore this task. But if you decide to deal with this problem, then your brain will begin to look for ways to solve it. Otherwise, you may get into trouble for leaving a task for later.
According to Brian Tracy, the best way to develop a high level of performance is to eat the biggest frog and solve the most difficult problem first. Solving a problem can become much more interesting if you take an original approach to solving it. This is the only way you can gain new skills and invaluable experience.
Be here now
There are times when a new business can take a very long time to develop. In this case, stay in the present and don’t need to think too far ahead. Planning is an invaluable activity here, as constantly expecting the worst can drain your resources. Try to focus on the task at hand. Look back and analyze how much effort you have already invested, think maybe it’s worth taking a little break. If you constantly look too far ahead, you may begin to be overcome by doubts about your abilities: “Maybe I won’t get that far.” If you are starting your own business, then move slowly but surely and solve pressing problems.
More action and less words
If you want to do something, just do it. You don't need to think or decide much, just do it. There is a wonderful proverb: “We have enough smart people, but not enough determined ones.” It’s better to start doing something right now, and you will gain speed in the process. If you don’t muster up the determination, you can then forget about your business forever.
Overcome your fears
Our subconscious is accustomed to hiding our fears in the closet. As a rule, these fears originate from distant childhood and were added throughout life. And it doesn’t matter how they ended up locked in our subconscious, because these are just our thoughts. There are so many things you would like to do, but something always stops you. Work through your fears, fight them, banish them from the closet.
The more often and more confidently you go into battle with your fears, the stronger your personality and confidence in what you are doing now will be. For a similar reason, when you hesitate to do something, you then hire others to do the work for you. You must dominate your life and tell your subconscious mind what to do and how to do it.
Do modeling
There is no need to reinvent the wheel; use already known developments in your business. Other people have already engaged in this type of activity before you, and you can use their work without remorse. Find someone you can follow as an example, as their success is the best motivator. In this case, you can find interesting things that would be worth learning.
1. Income for stupid people.
Why is getting a job so stupid? Because you only get paid when you work. See the problem? Or are you already so fooled that you consider it reasonable and justified to receive income only when your working hours are in progress? Has it ever occurred to you that it would be much better to receive money even when you are not working?
Don't your house plants grow even when you don't look after them? Why shouldn't your bank account grow in the same way?
Most of us won't even notice whether you worked 6 hours a week or all 60. But if you can offer us something of value, then most of us will be happy to take out our wallets and pay for it.
The key is to separate the value you produce from your time.
Smart people build systems that generate income, especially passive income, around the clock. This could be starting a business, opening a website, investing, or receiving royalties for creative work. The system works without interruption whether you devote time to it or not.
2. Limited experience.
You may believe that “it’s important to get a job to gain experience.” The problem with gaining experience from work is that you tend to just repeat the same limited experience over and over again. In the beginning, you learn a lot of new things, and then stagnation sets in. Ask yourself, what experience are you gaining now that will not lose its value in 20–30 years? Will your job even exist then?
3. Lifelong taming.
Applying for a job is reminiscent of signing up to participate in a human domestication program. You learn to be a good pet.
How is your obedience training going? Does your owner reward you for good behavior? Does he punish you if you fail to follow his command?
4. There are too many mouths to feed.
The tax system is designed to hide the real amount of money you're losing: some of these taxes are paid by your employer, and some are deducted from your paycheck. However, you can be sure that from the employer's point of view, all these taxes are part of your salary.
Your actual salary may be three times higher, but most of this money you will never see. It goes straight into other people's pockets.
What a generous person you are!
5. Too risky.
Many workers believe that getting a job is the most reliable and safe way to support themselves.
Can you feel safe in a situation where someone can completely deprive you of your income with just two words ("You're fired")?
6. The evil master is a bull.
When you meet an idiot in the entrepreneurial world, you might turn around and go the other way. When you meet an idiot in the corporate world, you have to turn around and say, “Sorry, boss.”
7. Begging for money.
When you want to increase your income, do you have to stand up and ask the owner for more money? Do you feel good after getting a little extra of your favorite Pedigree Pal?
If you have a business and one of your clients tells you “no,” then you simply say “next.”
8. One-sided social life.
A large number of people place work at the core of their social life. They communicate with the same people working in the same field. It is considered that the day went well if, as part of deep confidential communication, the company’s transition to a new product color and the unexpected delivery of an additional batch of ballpoint pens were discussed.
Instead of letting your owner choose your social circle, why not do it yourself?
9. Loss of freedom.
It takes a lot of effort to tame a person and make him a worker. The first thing to do is to break his independent free will. A good way is to give him a weighty manual, stuffed with meaningless norms and rules. This will make the new employee more obedient, forcing him to constantly be in fear of being punished for unknown reasons.
10. Turning into a coward.
Have you noticed that employees have an almost inexhaustible capacity to continually whine about the problems of their companies? They don't really want to solve them - they just want to talk it out and explain why it's someone else's fault. It's as if getting a job sucks all the free will out of people and turns them into spineless cowards. If you can't call your boss an asshole without fear of getting fired, then you're no longer free. You have become the property of your master.
It doesn't matter how far you've gotten into this dead end. It's never too late to regain your courage. Never!