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Apr 26, 2019 16:02:13

Choose Your Career

by @seunoyebode | 367 words | 10🔥 | 134💌

Seun Oyebode

Current day streak: 10🔥
Total posts: 134💌
Total words: 33789 (135 pages 📄)

Firstly, get this clear. Entrepreneurship is a career. Working for someone else (aka 9 to 5) is also a career. 

Needed to make that clarification, because the hype around entrepreneurship has made many think entrepreneurship is equal to making big money or it's a ticket to easy extra money. While that has been true for some, it's not the norm.

When you have this proper perspective, you see and appreciate the need to play long. And by playing long games, the upside is massive.

Some of us are built for one, more than the other. Never allow anyone to shame you out of a 9 to 5 job you love because of the allure of entrepreneurship.

I have heard stories of folks who left their business to go work for someone, and it has nothing to do with security. It's more like choosing your favourite devil.

Having your personal business is gruelling, so is building a solid 9-5 career. As an entrepreneur starting out, you would have to wear many hats for your business. When building a 9 -5, knowing and working in the best place for you is not an easy task not to talk of manoeuvring office politics and power play so you don't join the Night King's army before your time. 

Returns

If money is a strong parameter for you. Do not assume being an entrepreneur gives the biggest returns. Do your own research. Find out what the average worker in your industry earns, then make a decision.

Here is a simple example; The average salary for a Software Engineer with Python skills in the USA is $70,288 (Payscale). So if you're reading this book in your final year in University for a CS degree, such information should guide your decision with several other factors peculiar to you. 

Also, know that the returns of a day job and entrepreneurship vary based on which part of the world you're living.

The wisdom here is, be very clear in your head what you want to do. Don't follow trend, hypes or peer pressure.

Whichever you choose, be aware it's not going to be an easy ride. Both are equally rewarding.

Choose what fulfils you (or at least what you think will).

PS: Corrections are welcome.

  • 1

    @seunoyebode - Thanks to you - I have heard Naval's podcast...ALL OF THEM. Gems by the way - Thank you for telling me about it.

    However - he talks about - "You will not get wealthy renting your time." Which is 9-5 jobs. Maybe he was talking about the US but I agree with that. Especially here - even doctors who earn a lot are only renting their time - until they invent something. Thats the type of wealth where you get your time back. Where you can spend your days and nights with family, children, parents etc.

    I agree that business isn't for everyone. But for people who are pursuing wealth and a dramatic change in their life - it is "Start a business or - die trying :)" (title of my future rap song)

    Keni avatar Keni | Apr 26, 2019 12:55:12
    • 1

      @keni Yeah right. The subject of wealth is discussed later in the book. Love this " for people who are pursuing wealth and a dramatic change in their life - it is "Start a business or - die trying :)" "

      By the way, let me know when you drop the single ;)

      Seun Oyebode avatar Seun Oyebode | Apr 27, 2019 01:12:09
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    @seunoyebode I like your comparison between entrepreneurship and the typical 9-5 job. I would argue that another element in this equation is diversifying income. Whether you are an entrepreneur running a single business or have a job working for one company, either way you have a single source of income that can disappear immediately and wipe you out. The key is to figure out how to generate income from multiple sources including the coveted "passive" income.

    Brandon Wilson avatar Brandon Wilson | Apr 26, 2019 08:13:51
    • 1

      @brandonwilson thanks a lot for this. This element is actually very important. I repeat, very important.

      Thank you.

      Seun Oyebode avatar Seun Oyebode | Apr 26, 2019 16:26:28
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