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Nairaland Forum / Nairaland / General / Career / Why Do Entrepreneurs Talk Down On 9-5? (24830 Views)
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Re: Why Do Entrepreneurs Talk Down On 9-5? by GoldPencil: 8:52am On Sep 19, 2019 |
looool. alright bro. so my question you now is this. would you rather be dangote or a bank md. answer honestly. bear in mind that whichever God you worship is watching/ reading this nairaland thread. ![]() FarahAideed: 4 Likes |
Re: Why Do Entrepreneurs Talk Down On 9-5? by Nobody: 8:54am On Sep 19, 2019 |
missCAPS: It wasn't like this 10 years ago. It used to be an oil well. Results of today's bad economy. 4 Likes |
Re: Why Do Entrepreneurs Talk Down On 9-5? by Vincad: 8:56am On Sep 19, 2019 |
IamCharles123: It just might be better to be 'idle' than to be collecting 30k per month that won't go anywhere and will only succeed in making you bitter and angry. Little piece of advice for you bro, next time try not to sell yourself short. You just might be surprised what a company is willing to pay you. |
Re: Why Do Entrepreneurs Talk Down On 9-5? by FarahAideed: 9:00am On Sep 19, 2019 |
GoldPencil: I am a die hard entrepreneur and all I am saying if you are not built for this stay away because it's very very stressful and the end of the day there is no overall difference in the moments both parties can afford 5 Likes |
Re: Why Do Entrepreneurs Talk Down On 9-5? by GoldPencil: 9:00am On Sep 19, 2019 |
The main problem is in the thinking. Most believe that if you decide on entrepreneurship, that it's going to be like licking ice cream. ![]() You want to wake up and blow over night, but the fact is the entrepreneur life, is just the 9-5 life of 35 years of service, compressed into 3 to 4 years. So it is even harder than 9-5. Most give up before the blowing, but those who are successful, begin to live the retired pensioner chilling life before age 40. That is the long and short of it. To each his own, depending on how much you value the short time we have on earth. 1 Like |
Re: Why Do Entrepreneurs Talk Down On 9-5? by SoNature(m): 9:03am On Sep 19, 2019 |
pocohantas: Everyone cannot own a business. Most youths lack the acumen to successfully run a business. What working for someone does is to give them shield. They are scared of taking risks. 2 Likes 1 Share |
Re: Why Do Entrepreneurs Talk Down On 9-5? by Nobody: 9:03am On Sep 19, 2019 |
ZinoFasisi: 6million for one year is N72m. ![]() 1 Like |
Re: Why Do Entrepreneurs Talk Down On 9-5? by franchasng: 9:04am On Sep 19, 2019 |
FarahAideed:You are more than correct with the parts in bold. But very wrong with the parts in red font, and you know why ![]() No matter where you work or which company or organization you are working for, you cannot work beyond 70yrs at most, and imagine at 70, you stopped working, and assuming you married late or gave birth late, maybe at age 40, that means your first child is probably 30, others below 30 and probably still in higher institution and you have stopped working. No matter the level you retired at, your pension stipend cannot take care of you, your family and children's education if you don't have a business to support. And most businesses started after retirement usually don't succeed because they didn't study the market and haven't mastered the art of the business, they just used their gratuity or savings to startup a business based on hearsay that so so and so business is moving well, and some venture into it and lose all their life savings. If you decide to stay idel after retirement, you are likely going to develop various sickness and be spending most of your life at the hospital bed, and will possibly die before your time. Now, on the flip side, entrepreneurs already have a thriving business they have struggled to build while growing when their mates were working 9-5 job and enjoying their extra time and having lots of fun with their family and loved ones when the entrepreneur was busy slugging it out to make his or her business have a stronghold. The entrepreneur have no retirement age unless he decides to retire himself and hire managers or let his children take over while he supervises, which means, his children will not be struggling to find job to start their life with, because they already have a job in their father's or mother's business to start life from at least....while the salary earner's children are busy looking for job to get started, just imagine how difficult it is today for graduates to secure a job, then think of 20 - 30 years from today, do you think there will even be jobs for graduates whose family does not have a job to offer ![]() ![]() I like using myself and people I know as example.... I have 2 family friends I will use as example for you to drive home my point. The first family friend, i won't mention his name, he was my dad's close friend (my dad senior him though), he retired as a director or a federal ministry, i think level 18 or so...he was a really big man then....but he gave birth a bit late, so some of his kids are still in university now, and the man is freelancing now as an auditor for private firms at 70yrs+, just to raise cash to support his family and kids still in school....and his first son that served since 3 years now, only managed to secure a small pay job not long ago, the daughter is still job hunting as we speak despite her good result. Now, there is this second family friend, he was a business man then.....he also married late, this man's first son is now the MD of his business, the boy took over the business as soon as he graduated, so he did his NYSC at his father's business...now his father has retired, the guy now runs the business and the boy has taken his father's business to the next level that this business is now booming like kilode....he pays his father 500k monthly, and pays his mom 250k from his father's business....the business has grown so big that most of us now use it as example. One of his younger sibling that just graduated is now employed there for the mean time while waiting for NYSC. Imagine if their dad didn't had that business ![]() Cases like this abound all over Nigeria. 14 Likes 3 Shares |
Re: Why Do Entrepreneurs Talk Down On 9-5? by HBB1(m): 9:05am On Sep 19, 2019 |
Entrepreneur means risk taker... Not everybody can and should be an Entrepreneur, as it demands certain skill-sets to ensure success. It's like cooking a pot of soup, you can have all the ingredients and not have enough tomatoes or salt, and it is ruined. You need the right product, capital, marketing, location, staff... You need creativity, tenacity, vision, balls... I have seen businesses fail because of lack of just one of these. A friend's business collapsed because she couldn't raise capital even after being interviewed on TV and all. A relative's business also collapsed because his worker ran away with 50 million naira worth of goods-- that asides the bank loans he was servicing. He has run away to the US naw, and says for now he isn't doing business in Nigeria again. Having said that, I believe everybody ( even salary earners) should have multiple sources of income-- just look around and exploit opportunities. Trade, build houses, buy land, farm, anything. Not everybody has the skill-set to be an Entrepreneur. If by doing small gigs, you think you are one, good for you and your ego! 4 Likes 1 Share |
Re: Why Do Entrepreneurs Talk Down On 9-5? by benn94(m): 9:09am On Sep 19, 2019 |
Royalfurnitures: I wish I can like your comment a million times 3 Likes |
Re: Why Do Entrepreneurs Talk Down On 9-5? by Nobody: 9:10am On Sep 19, 2019 |
Hedonisco: That's how the civil service system is. Even as a business man, the people who will kill off your business when you are asleep are also leeches who stay around or work for you. There are always people who love feeding on other people's sweat. Contributing nothing. Nigeria no longer rewards hardwork or talent. Business men have had enough in this bad economy. So I won't blame anybody who decides to earn salaries in govt and behave like a leech. 2 Likes |
Re: Why Do Entrepreneurs Talk Down On 9-5? by GOOOGLE504(m): 9:12am On Sep 19, 2019 |
Well Everyone with their different ways of viewing things.. AS FOR ME O I v never seen it that way but rather as a charge, a motivation to actually do more, and give more to my generation.. GUYS MAYBE THEY HAVE A POINT. YOU DO AS WELL.. many of us are just too scared of trying something new and we just sit back comfortably until life rapes d fvck outta u financially 1 Like |
Re: Why Do Entrepreneurs Talk Down On 9-5? by GoldPencil: 9:13am On Sep 19, 2019 |
you are correct but there is definitely a difference. having seen both sides, you know that there is no closing time for an entrepreneur. you are working 247 to grow your empire. however the difference is choice. you can choose to work TDB and choose to do absolutely nothing the next day and nobody fit tell you shit. abi you wan sack yourself? ![]() FarahAideed: 6 Likes |
Re: Why Do Entrepreneurs Talk Down On 9-5? by Nobody: 9:17am On Sep 19, 2019 |
pocohantas:9-5 have the highest number among the 99% , where entrepreneurs and business owners are among the 1%. 1 Like |
Re: Why Do Entrepreneurs Talk Down On 9-5? by FarahAideed: 9:17am On Sep 19, 2019 |
franchasng: Interesting comparison .. thank you for this . 3 Likes 1 Share |
Re: Why Do Entrepreneurs Talk Down On 9-5? by akdjr(m): 9:29am On Sep 19, 2019 |
Yet they don't do the job alone. They still employ people that work for them from 9-5 2 Likes |
Re: Why Do Entrepreneurs Talk Down On 9-5? by Sleevia: 9:38am On Sep 19, 2019 |
Vincad: Bros, if you want me to school you, just say so and I will. You clearly lack real life experience of how money is made. If you tell me someone made or makes 6 million after nysc as a business owner, I will believe you after you must have answered my questions. But if you tell me he ears 6 million straight out of nysc on a 9-5 In Nigeria, from Nigeria's economy, I will not believe you. You have been talking all Greeks since you made your post that raise eyeballs, nothing concrete, just conjectures... 2 Likes |
Re: Why Do Entrepreneurs Talk Down On 9-5? by Angelfrost(m): 9:48am On Sep 19, 2019 |
It takes more than impulse and peer pressure to excel in entrepreneurship. Even in nations with extremely good business environments, only few people out of the population go into business. |
Re: Why Do Entrepreneurs Talk Down On 9-5? by Nostradamus: 9:51am On Sep 19, 2019 |
Homeboiy:some 9-5 in some oil firms fit siddon do am.. Not all entrepreneurs can siddon spend 30k on drinks 3 Likes |
Re: Why Do Entrepreneurs Talk Down On 9-5? by Nobody: 9:53am On Sep 19, 2019 |
Josade4: To me I think this is the best approach multiple source of income to fund businesses. It means extra hard work , but one can always sleep when they are dead. |
Re: Why Do Entrepreneurs Talk Down On 9-5? by Aaronbee7(m): 9:59am On Sep 19, 2019 |
@Pocohantas no reasonable entrepreneur will/can discourage anyone from doing their "comfortable" 9-5 job and no one is really kicking against it. Even Roberts Kiyosaki the author of "Rich Dad Poor Dad" who always kicks against "going to school to get good grades and find a good job" never kicked against 9 - 5 as that was were he started from with his wife. However, it is imperative to have other source of income if you are have a job. You can start saving to start your own business or partner with someone else. It is only when you are certain that your business can foot your bills that you should quit and if you are really comfortable with your job and it's not taking your time or distracting you from your business you can be doing both. No matter how much you are earning in your job, if you don't have your own business, life will tell on you after retirement. So you can start a small business while working and let that be your retirement plan. It's a mindset thing sha and not everyone will understand it now unless you have developed your mind. There are four cash flow quadrants as written by Roberts Kiyosaki - The Employees, the Self Employed, The Business Owners and The investors. The first two will not make you wealthy and you have to be present always to make money. But the other two will thrive with or without your presence and you can go on vacation, have the real time and financial freedom and acquire luxury. Dear OP stop making peope comfortable with working for others without having a side hustle they can hold on to. And if you are the owner of @shoepify on IG as indicated on your signature, I put it to you that you are misleading the 'masses' ![]() Cheers! 6 Likes |
Re: Why Do Entrepreneurs Talk Down On 9-5? by Nobody: 10:10am On Sep 19, 2019 |
pocohantas:
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Re: Why Do Entrepreneurs Talk Down On 9-5? by Aaronbee7(m): 10:11am On Sep 19, 2019 |
Nice submission! I wanted skipping it because it's too long but every line is worth reading. I hope everyone read this and think twice. Thank you ![]() franchasng: 2 Likes 1 Share |
Re: Why Do Entrepreneurs Talk Down On 9-5? by ImaIma1(f): 10:16am On Sep 19, 2019 |
missimelda01: No one is importanter. Abi let all your workers resign and become entrepreneurs so that you can entrepreneur your business alone na. Many people doing 9-5...their pension fund alone can buy the business that one entrepreneur is making noise about. People have different dreams and goals in life. Not everyone will run a business. 1 Like |
Re: Why Do Entrepreneurs Talk Down On 9-5? by HeyCorleone(m): 10:17am On Sep 19, 2019 |
SendoSendal: So we should all create jobs? |
Re: Why Do Entrepreneurs Talk Down On 9-5? by HeyCorleone(m): 10:21am On Sep 19, 2019 |
passionstores: But as an entrepreneur, you would like workers under you, right? smfh. 1 Like 1 Share |
Re: Why Do Entrepreneurs Talk Down On 9-5? by samsam2019: 10:21am On Sep 19, 2019 |
I've been on 9-5 for almost 15 years and I only tried entrepreneurship this year and it's been fun and challenging. My conclusion is that everyone should aspire to be their own boss. Its the best way to live one's life 5 Likes 2 Shares |
Re: Why Do Entrepreneurs Talk Down On 9-5? by UncleJudax(m): 10:23am On Sep 19, 2019 |
Homeboiy:If you could spend that in a day, you should probably earn at least 200k/month...else, entrepreneurship no be for you ![]() 1 Like |
Re: Why Do Entrepreneurs Talk Down On 9-5? by franchasng: 10:24am On Sep 19, 2019 |
Aaronbee7:Don't mind my epistles, I skipped English summary classes ![]() 3 Likes |
Re: Why Do Entrepreneurs Talk Down On 9-5? by HeyCorleone(m): 10:27am On Sep 19, 2019 |
OyinO: Lol. Y'all make it sound like people who work for others are poor, or are living in abject poverty. Very stupid. How many entrepreneurs do we even have in Nigeria? Is it by selling clothes and bags? Smh. We all can't be entrepreneurs. One isn't better than the others. If you decide to be an entrepreneur today, you would need people to work for you, right? Otherwise, your business would crumble. Imagine how poor we would all be if we all decide to be entrepreneurs. |
Re: Why Do Entrepreneurs Talk Down On 9-5? by BobiNick(m): 10:28am On Sep 19, 2019 |
ImaIma1: I don turn MTN for your matter... Everywhere you go I dey follow |
Re: Why Do Entrepreneurs Talk Down On 9-5? by HBB1(m): 10:28am On Sep 19, 2019 |
ImaIma1: 9-5 is different from 9-5 o! ![]() I know entrepreneurs that beg investment (money) from some retired (no other business) 9-5ers. Some industries are crazy mehn! |
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