Recently I published my autobiography detailing the journey of my dreams and how I ended up starting my own company just at the age of 20 and that has led many of my friends to start thinking about starting a business of their own right after studies. But most of the times I find them thinking about starting a business just because its fun.
If you want to have a lot of fun, you shouldn’t try to create a business, you should stick with your 9 to 5 job. Here’s why:
You’ll have less stress
Business is very stressful! Imagine having to handle high amounts of stress like making payroll, firing employees, or just figuring out how to get your business to make money. Sounds pretty intense, doesn’t it?
And once you make money, the stress doesn’t go away. You’ll constantly have something that you’ll be stressed out about.
You’ll have fixed hours
When you’re running your own business you won’t just be working from 9am to 5pm, you’ll easily find yourself working 12-hours+ a day for 7 days a week. It sounds easy but you can get burned out quickly. I’ve personally been doing it for 2 years (almost 3).
You’ll have job security
The best part about having a 9 to 5 job is stable income. For most of my entrepreneurial career I didn’t have stable income, which made things extremely difficult.
If you’re having a bad month in your business, unfortunately your expenditures or credit card bills don’t cut you a break. Especially if you are starting your business after your studies gets over.
And I reinvest every dollar I made back into my business, which helped me get to where I am today.
You’ll have a simple life
If you start a business and it does well, you will have financial security. However, you’ll find yourself not being able to spend the money you’re making because you’re too busy working.
And yes, you can try to hire someone to replace you so that you can just sit back and cash checks, but it is really hard to find someone that can do as good of a job as you can.
The cool part about working a 9 to 5 job is that you get vacation time and your life doesn’t get as complicated as it does with a business.
I know the 9 to 5 experience sounds a bit boring, but at least it is much more simple. The best part about it is that you only have to do a few things well instead of trying to do everything.
By no means am I convincing you not to start your own business, I’m just saying that you shouldn’t start one because you think, “it’s fun”.
If you want to start a business and be successful, you should only do so if you can:
1. Solve a problem – a business doesn’t need to be cool, it needs to solve a problem in the market place. And the problem you are trying to solve has to be one that people are experiencing today, not something that people will experience 5 years from now.
2. Make money – If you can’t make money, you won’t survive. I don’t care if you are changing the world in a better way, you have to be able to make money. You have bills, you need food, and the only way you can take care of those things is with money. You need to make enough money so that you can live comfortably.
I have also decided to talk about “starting your own business” because many people have been telling me that it’s their plan after their studies, although I would suggest to start it after 1 or 2 years experience in a job. Before you do that, take a look at whether it’s really worth your time and money or not. Not everyone is ready to start their own business and just because it’s so simple and easy to do it now-a-days, it doesn’t mean you should.
If you love making money like me, go for it. Just don’t do it for the fame and glamour.
What about you? Do you think businesses are fun? Are you planning to go for business or job?
PS: By no means am I trying to make a claim that a 9 to 5 job is easy. I am just trying to prove a point that you shouldn’t go into business because you want to have more “fun” in your life.