A Day Job Is So Much Easier Than Entrepreneurship
Entrepreneurship is compared to traditional employment, emphasizing challenges like idea generation and marketing. Despite difficulties, success brings pride and freedom. Advice includes patience, perseverance, and strategic decision-making. Consider entrepreneurship for fulfillment.
Read original articleThe article discusses the challenges and rewards of entrepreneurship compared to having a day job. The author reflects on his decision to leave corporate America to start his own business, highlighting the difficulties of entrepreneurship such as the need to come up with ideas, market them, and face uncertain profitability. Despite the challenges, the author emphasizes the pride and freedom that come with running a successful online business. He shares personal experiences and advice, including the importance of patience, perseverance, and the regret minimization framework in entrepreneurial endeavors. The article also touches on the benefits of negotiating a severance package before leaving a job and provides insights into investing in entrepreneurship through platforms like Fundrise's Innovation Fund. Overall, the piece encourages readers to consider entrepreneurship as a viable option for financial independence and personal fulfillment.
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Yes, a day job is easier, because a day job has a very real cap on your renumeration. Work for a company, create a product, have that product generate $50 million p/a in sales? Cool, you're still making the same bi-weekly $3000.
This is literally by design, and if you don't see it, what's going on?
Sam seems to lie about all his numbers (net worth, income, and spending). Like really, claiming to make tens of thousands of dollars selling ebooks exclusively through his website and not even offering them for sale on Amazon which accounts for 80-90% of most authors' sales? He's great at selling the "idea" of FI to people, but it's clear that his best interests aren't aligned with those of his readers as he does things like push shady private real estate funds that give him kickbacks.
It's why you see mostly kids with eff-off money in the game, a few kids from upper middle class, and the tiniest trickle of the actually poor. If you ever wanted a non-commie reason for UBI, that's one of them - you expand the entrepreneur pool by a metric buttload.
As someone who's done a number of startups I do make fun of friends of mine who refer to mutual FAANG employed friends as "wage slaves" making quite literally $10k bi-weekly.
As I'm getting into my 30's I totally see the appeal - becoming less materialistic outside of experiences and my personal financial stability is also making a "huge exit" given the emotional energy input less and less appealing.
Guess Paul Graham was right about naive young founders after all /s