Why Take The Risk? | Job Security vs Entrepreneurship
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- Опубліковано 9 тра 2020
- In today’s video, we are going to compare the benefits and challenges associated with being an entrepreneur and whether or not you should consider getting an ordinary job or trying your luck in business.
Paul is in his final year of college, and of late he has been thinking a lot about what he wants to do for the rest of his life, after graduation. Growing up, Paul had always been told by his parents to study hard, get good grades, so you can be accepted into a good university and graduate with a good degree. Because having a good degree will land you in a good-paying job and in return, a good life. You see, this is the mentality that a lot of us were told. For some people, this belief is hard to throw away because it’s what we have been told since childhood.
#Entrepreneurship #9-5
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Practical Wisdom - Interesting Ideas
DISCLAIMER: I’m not a financial adviser. These videos are for educational purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility, these videos merely share my own opinions with no guarantee of gain or losses.
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Not everyone is wired to start their own business. Entrepreneurship needs a strong conviction. It's what makes the risk psychologically bearable.
Right on! + Entrepreneurs need "employees" to work for them :)
Life is forcing me to become an entrepreneur since I've been getting rejected from jobs consistently, and I keep thinking, how stupid of me to wait for a recruiter and company to consider me so I can start working for them when I can go out and start a business for myself? well, here we go!
Same good luck
Are you brazilian or portuguese?
@@eduardocunha_7 neither, Costa Rican
@@castrosacasa forgot that spanish names are equal or almost as the portuguese ones😅
Good luck!
i'm gonna be a self publishing author.
*There are risks on both sides but I thonk someone with a job should work part time as an entrepreneur. That way they'll get advantages from both. I did.* 😉
@Brother Tom, happy to see you here. And yes. Leverage the two to your advantage.
Not everyones job is exactly from 9-5 , Higher pay longer working hrs here
@@rayancrasta7460 I don't think most people's job is truly 9-5 anymore. It's just a saying that has existed for generations...back when the day truly did end at 5:00 pm. Higher-paying jobs are not the only ones who can work outside 9-5. There are plenty of administrative jobs where the people's day doesn't really end at 5:00pm like it used to. A lot of businesses now take advantage of people. They make people work the job of 2-3 people so they can save money. But in turn, the current staff have to work odd hours. That's the world we live in now
@@lisacox3750 I agree.. these days work and life have become co existent
Man you got to be trolling that's flat out bullshit...there's no risk in being a entrepreneur and you can't work a full time job and be a entrepreneur at the same time I'm doing it and there's no way possible.
Entrepreneurs are still happier, regardless of how tumultuous our lives are.
People choose business over career coz it challenges your opportunity to became more independent,while having a job you have a schedule and rules to follow.
I literally watched people get hired at my job and then get fired only months later. I’m now a full time entrepreneur myself because I saw the risk as staying an employee with any company.
How is your business going?
I feel the same tbh
Now imagine in undeveloped countries. Way worse...
Wish your business is going strong.
i got here bcz brain fogs got me forgettting :no risk no game
Entrepreneurship is not for everyone, there are people who have no problem with working in a 9-5 job, and that's completely fine, everyone's different. Great video!
Entrepreneurship is nothing but stressful sh!t
@@dudedude365 employees are slaves that are too afraid to make decisions
@@imthebest7290 give me enough money to make a good business model 😁
@@dudedude365 ask your boss for a raise
Taking that risk is the best thing ive done in my life. Only thing is nothing is promised and how much you make is solely on you.
I recently got laid off so I started this UA-cam Channel. I'm going to become a millionaire and turn this "getting fired" incident into the best thing ever happened to me! Wish me luck guys :) 🍀
Good Luck! Probably best thing ever happend to you being laid off you will think in a few years when you are free financially. Your mindset is great, and I am sure you'll make it.
@Jade Choi, Sorry to hear you got laid off. None the less, I'm loving your entrepreneurial spirit. All the best!!!
I love your initiative. This is for sure going to succeed if you stick with it. Maybe we can cooperate one day?
How are you now?
In 3 to 5 year an entrepreneur can
Earn millions if he starts from zero.
And in 3 to 5 years a student who wants job can only earn a degree.
That's the difference !!!.
But a entrepreneur can also lose millions and can be trapped in a debt cycle too..
That's if things go well. A lot of times they don't. Entrepreneur has higher ceiling but lower floor.
@@NIK-qc4iu this mindset will keep you as an employee for your rest of life
@@badshahilonda7540 and your this attitude will surely make you fall one day
degree isn't only for making money
I have an entrepreneurial spirit. I'd rather establish a business that will bless others than to be stuck in a job that's under-paying me and had unrealistic expectations.
One thing I want to point out is if you like your 9 to 5 job and it is allowing you to save money, there's nothing wrong with that. One of the most important things to do is to like your job. If not, your spending most of your life being miserable. That's why I want to be a teacher, and not what someone else wants. For me, being around children would definetly be better than sitting in a cubicle, waiting for my boss to walk by with my paycheck. So, if the regular lifestyle is something you like doing, go ahead.
Yeah. I keep seeing all of these videos stressing entrepreneurship as the true route to happiness. However, you need to know yourself and what works for your life. I love my job, enjoy what I do, and can take off time whenever I need. Running a business, on the other hand, is a huge pain in the butt and not one that I would want to take on.
Be sure to substitute first or find a way to make sure that you want to teach. This is my 20th year and I don't recognize this career anymore. It's not what you would hope it to be. I have done Real Estate for the past year and hope to go full time next year. Teaching uses to be something that I would do for free because of the kids. Now, it's just babysitting and doing what others make you do.
@@moving_to_marietta agreed. Just left education this past December and have been struggling making consistent money like I did at my school, but less stress, more time w family, more time doing photography and things that are really important to me and seem to make a difference in my life.
Introverts prefer a cubicle lol
@@rafaelw8115 responsibility, he or she has to be sure that be able to carry the good and the bad thing about being aboss. as a business own for 7 yeas, it not easy.
Planning start my own business. Ready to face failures but i want to be my own boss.
Entrepreneurs take risks as it allows them to distinguish themselves from their competitors. In the competitive business environment that exists today, those who are willing to risk position themselves as leaders, while others get left behind
Absolutely. The success one sees is a result of the risk one took.
been working for three years only, and i thank god for the opportunity because i've been micro managing two places for little money so just this week i was like why not put this hard work to my own business?
People takes business over career because they can manage their own time ,no one can interfere with you what time you go to your work while career is you should follow the rules of the company ,you can't do what you want unless it's their order that's why most of the people choose taking business over career
Taking the risk can be scary but still its worth taking it.
It's 2023. There's never been a better time to become an Entrepreneur!
Both has risk and reward but the the job is risk without rewards, but choose your risk which rewards you..
People really don't know how hard it is to make profit and be able to personally pay yourself when the business isn't generating much income. Then when it generates more income, they fail to properly have money set aside to pay taxes. I'd rather just do side gigs outside of my regular job or freelance. Having an actual company of your own is not going to make your life more successful. It's another can of worms and you need a support system financially and emotionally to keep it going.
Freelancing and side-hustles is the way to go. I agree
after getting laid off of several jobs, I don't believe in job security. That's why I'm out here building my own business that I'll be able to depend on
As an Indian...... Getting a 9 to 5 job is way tough then starting a business.....
Ya Ankit I totally agree and working on that job is way more harder then your own buisness
I'm Indian and this is only because of Indian business climate. Business is actually harder in the west
@@dr.dipikathakre3713 nope. Working on that job is not harder than starting and doing a own business. Which clearly indicates that you have always hated your job. That's your stuff. Generally entrepreneurship is not comparable to a job. It is 10 folds tough.
@@dr.dipikathakre3713 it both having advantage and disadvantage it independent what job you are doing and what business you operating.
@@rahulkrish9840well, your indication proves to be wrong, in my case, i am happy starting my own thing than working under someone else direction
Thanks for this side-by-side comparison. Helps a lot of people decide. But I do think that everyone should also have an entrepreneur mindset and try to have multiple income streams, not just stay as an employee.
Because if you are going to build your own business it is necessary to take time and think carefully about the decisions you want to make in your business. And most people want to choose a career rather than a business because career is the easiest way to earn money than a business.
Nothing is easy, nor is there the lesser evil. Everyone works to make ends meet. The difference between an entrepreneur/innovator and a standard employee is that the latter doesn't risk as much as the first, yet despite this, they persevere in hopes of attaining goals they set for themselves while maintaining their happiness in pursuing something of their own interest, hence the satisfaction and rewards. No one is forced to take part or give opinions about entrepreneurship but do not undermine what entrepreneurship can do. Its just that some are more creative than the others and they want a contentful life.
Everything is true in this video!!
Glad you liked it!
Investments are life-savers and shouldn’t be rejected by anyone, you’re helping yourself and no one else, this goes to answer the question of “why do I invest?”
Basically all directions leads to this and a strong reason is having something in store for a rainy day, or making a life changing decision which would require a lot of financial support and how to do this.
Everybody that want to start their own business must understand that starting a business (especially if you don't have lot of money) is the most brutal, miserable, dark and traumatizing experience that they will ever have.Most probably tha business will fail and you will rememeber it forever. If the business suceeds there is a big chance that they will earn less than working (investing the same effort) for someone else. Only an extremelly small percentage of businesses can make really lot of money, that gurantees glamorous lifestyle and all the things that you see in the movies. Keep this in mind!
That's the problem people see Steve Jobs, Bill Gates, Elon Musk and they think it's just like that that they'll be rich. People don't seem to understand that the owners of some of the better companies don't make that much money because off all the investing and stuff.
Why so negative.
@@pinkapple6530 reality is not negativity. Better for someone to understand what it takes from the beginning and go for it than having on his mind a nice story that has nothing to do with reality
@@ilioncnc Agree but the word choices that you used, quote on quote "miserable, brutal, dark and traumatizing" seems to suggest a very negative tone. As long as the entrepreneur is not stupid and tests the market first, then he/she may have a chance.
@@pinkapple6530 I agree with you but it will still be really difficult in a way that you have never felt. You will constantly ask yourself 'why am I doing that?' and you will fell desperate. After this experience if you go for a second try things are different. Not easier, but different! Everybody have to understand: Setting up a business is unbelievably hard. Off scale from everything you have done before.
If you wait until you're ready you will never be ready. Jump and the net will appear.
Love the content !
Work night shift as a employee focus on your business during the day ! No one said it was going to be easy look at Elon musk sleeping on factory floors to achieve greatness.
Or vise vera. Just work hard AND SMART. Great point btw.
Tank you man❤🌹
how about landing a job first and get 5 year- experience then set up business?
Personal takeaways:
*Being employed promises security
*Entrepreneurs have a deep Sense of satisfaction, not every one can run a business..
*About 53 percent of Americans are not happy with their
*Being your own boss is not easy but you will achieve a sense of fulfilment.
*Entrepreneurship is the way out if you don't like the security a job gives you..
*Entrepreneurship is not a bed of roses but it's a good way to go
*The life of an entrepreneur is not a flashy life that the media has painted it to be must entrepreneurs fail..
@Talking Life, Thanks for the summary!
@@PracticalWisdom you are welcome
Nice summary. Recent research also shows that 89% of workers would leave her current job I’ve been offered a better one within a day. We knew already that companies have no sense of security for their own workers but rather hire and fire as fast as possible. So from that perspective entrepreneurship offers a more sustainable and rewarding future.
every body can run a business
Most entrepreneurs dont fail, there are plenty of successful businesses, even small businesses that pay enough to live are a success tbh
You do realize you can be an online digital entrepreneur with only digital things no need for physical things you do realize that's possible Right? 🤨
Sure create the next reddit or facebook and you can become billionaire come to think of it
@@alexisautotte7159 why not the perfect fusion of social media and video games like something like tick tock but instead of videos it's video games cloud gaming either free with advertisements and optional skins with no benefit just good looks
@@brandongovreau9218 But your idea is really great
@@alexisautotte7159 would it be free only having to pay internet and electric bill to be able to produce the idea or do I have to pay a million dollars to get 30,000 people to make it for me
@@brandongovreau9218 Nah do it for free and rely on human capital
I'm kinda tired of doing the entrepreneur thing.
Got thrown into it and I'm half owner of the business.
Work on boats in Florida and sounded like more fun then it really is.
You have to have the proper tools, makes time frames to work, paper work, knowledge, flexibility, ect.
I'm in the state of water sports and all, but constantly dealing with customers with boat they can't afford. So they want the cheapest price possible and deal cuts.
Bills are expensive and so are the tools to do the job.
The customers also think they have full rights to your time and expect you to drop everything just for them.
I got into it when I got out of the Army and my goals was to get a steady life, but it's been a year now and not any closer to it.
I just got word I'll be heading up to the border of Alabama to work on more boats for a certain company.
Problem is, this ain't the life I want.
I want a house and steady life where I don't have to go far.
The army already made me go all over the world and that was one reason I left.
I'm kinda ready to punch a clock again and just collect a paycheck.
I prefer working a 9-5 and having side work for some extra fun money.
doesnt the army pay for your schooling? i'd say go back to school and major in something that gives you a good salary and no travel. Im in the middle tbh, i want a salary 9-5 yet want the freedom of entrepreneurship. its not ez
Not everyone are for entrepreneurships , imagine if all people are entrepreneurs? Who will do the employee part?? 😜🤣✌️ Some people are born with it, some people are not. That's the circle of life. 😍
Actually it can happen. A higher enterpreneur will be the customer of another enterpeneur whose people are entrepeneurs
I agree.
I want to know how he edit his videos. Can anyone help me? Which software he is using ? And any website or tutorials where i can learn this kind editing?
Own your own future.
Work for yourself to make yourself rich, or work for someone to make someone rich? The ratrace makes you strong.
Yup
the connection between seucre job and enterpreneurship best practices?
have a jobs is working for someone else dream
I prefer being a trader and investor, more safe and less strenuous...let entrepreneurs bother with all the hard work.
ohhhh I am really in big dilemma b/n being an employee and enterprenour..
The notion that a job is “secure” is really an outdated myth. It’s not the case today, especially in the tech sector.
i must see what it really works and where are the unnecessary complainments
if you are a passenger in a plane and its crashing... you may not know it. that doesnt make it secure.
☺️❤👌
Listen we need a collage education to get a good job. To tell people they don't need education to get a job, will increase poverty, crimes and prostitution. Because its not like everyone is as fortunate as millionries or have powerful friends. I believe we need to become self employed regardless of profession, because working for someone else sucks. Why do you think private teachers, doctors, lawfirms are happy? Because they have freedom. People who work in public sector lack freedom and is constantly under stress.
Bad idea to do what your passionate about. Do something you like that can make money as an entrepreneur
True!
so you heve the connections but move on and maybe still work for them to some degree
Is this the guy from All Things DND?
Maybe :)
You never cease to amaze me, thank you so much for all you do to entertain myself and the masses. It truly helps🙂
0:19 thats not why they accept students
0:55 that article was a extremely poor study i mean just look at its means of achieving its objectives
2:28 I'd Rather Be an Employer over Business Owners Any Day of The Week
2:30 idk about stress i would say thats more to do with your pyschology of education than anything else
2:45 idk why this story persist of gurenteeing profitability you dont need to have gurentees to have sustainability, they lose money because business owners unknowling participate is fraud or problem ridden people
3:25 simple because attitudes
5:25 omg 🙄 again its not faith people confuse faith for vision its how u see what others dont its not a belief its the willing to belief
7:05 again way out of context diffrrent pyschological circumstances determines outcomes
Why are you asking for likes before content start...
Hhu8iììi
My reasons as to why I want to become a entrepreneur!
1. I want to be my own boss.- I hate when people tell me what to do, I’m tryna to eliminate that as much as possible in my life.
2. As a (L)GBT person, I always have the idea of being discriminated against because of my sexual orientation. I don’t wanna deal with it I’m tryna avoid it as much as possible.
3. I live the idea of making my own schedule, hours, and/or rules.
4. I want to be more independent. Even at my age of 15 years old about to be 16 years old, I don’t really want to dependent on my parents or people for anything.
5. I wanna help the community with the services I could potentially provide.
Yes, I understand what comes with this. RISK! But I’m truly fine with that everything in life comes with risk. I mean I’m taking risk every day of my life, I’m literally gambling with my life, not going to speak on that though. BUT I’M GOING ALL IN!! As long as I got the gods I will be just fine. ✝️✡️☸️🕉️☪️☯️❤️