I’ve got a bit of wake up call newsletter today…
Oftentimes it can be difficult to decide which direction to take for your career.
Do you start a business…
Develop a high income skill…
Or if you’ve tried both of those and decided to go back to a job, is that the right decision?
To be honest, there’s no right or wrong.
Not everyone is cut out for entrepreneurship…
Depending on mindset, not everyone could be cut out for high income skills, although if you work hard at it, I believe you can do it.
There’s nothing wrong with being an employee, but each path has pros and cons.
So, today we’ll talk about the darkside of each of the above.
I hope you’ll find this newsletter both valuable and informative and it helps you decide which path to take.
The Dark Side of Employment
On the surface, employment seems great.
You go to work, do your job, go home, and don’t have to worry about generating revenue, unless you’re in sales.
You get a certain amount of paid leave per year…
And long service leave if you stay long enough.
But if you’re like most people, you’re in the 65-85% of people who’re unhappy at their job.
And if so, you’ll know how unfulfilling it is working a job you’re unpassionate about.
Waking up to an alarm every day, to rush to a job for 8-9 hours every day at a job you hate isn’t fun.
I worked in a supermarket for over a year and hated every minute.
You can only do that for so long before something has to give.
Either your mental health or your job ends up breaking.
And so you look for a solution, and that’s why you’re on my email list, [Name].
If you’ve been following me for a while, you’ll know I’m a big advocate of high income skills.
You develop your high income skill BEFORE you start a business.
But although high income skills are far less stressful than business there is a dark side to them too.
Now don’t get me wrong…
Even though high income skills have a dark side, it doesn’t mean you shouldn’t pursue them.
They can be very rewarding and everything has a dark side…
The Dark Side of Entrepreneurship
You see entrepreneurs on the covers of Forbes and Success Magazine, but you never hear about all the ones who failed.
You see me online in my penthouse or driving my Bentley, but only my wife Jenny, my mom, and I know the struggles I had to endure to get where I am.
I’ve had many times in my career where my mental health suffered.
I became depressed and anxious, and my self-doubt spiraled out of control.
Business has a way of kicking you when you’re down, and if you haven’t set up a safety net, then things can get pretty serious pretty fast.
4 Types Of Entrepreneurs And How To Identify Which One You Are
So let’s pretend you’ve decided business is for you.
There are 4 categories of entrepreneur you could fall into.
The mission-based entrepreneur…
The passion-based entrepreneur…
The opportunity-based entrepreneur…
And the undecided entrepreneur.
Personally, I’m both mission-based and passionate about what I do, and have on occasion seen gaps the needed filling in the marketplace.
If you begin your entrepreneurial journey without knowing what your dark side is, you’ll fall into a trap you could have avoided.
So Where To From Here?
Remember, you’re the driver of your vehicle.
Only you can choose what to pursue.
Each choice has pros and cons.
Each choice will be hard for different reasons.
Business is harder than high income skills.
High income skills are harder than a job.
But working an unfulfilling job for 40 years and getting only 2 weeks leave per year is hard as well.
Some choices may bring you fulfillment while others bring you perceived “safety”.
In my opinion, if you’re just getting started and want to move on from your 9-5…
A high income skill carries the least risk.
You could see financial results far quicker than with business, which has extremely high failure rates, and can take 2-3 or more years to become profitable.
Ultimately, you won’t fail if you never give up.
To your success
P.S. – If you’ve decided business and working 9-5 isn’t for you…
I promise if you work on your skills, eventually you’ll be able to leave your job…
And after making money with your skills for a few years, you may even like to start a business, and you’ll be well prepared.