If your intention is to start your own business, just start. Start easy - meaning be a freelancer of some sort (not necessarily online, you could do say photography). Imo that's the FASTEST way to learn what it takes to manage and run a business. Then grow and expand from there.Hello fastlaners!
Imagine the next scenario:
You're 20, read all of MJ's books, you have a clear view of how to avoid the rat worker life, you would like to start your own business but you are 2 pennies away from becoming bankrupt.
Is it a smart move to work with someone that already started a business and is doing great, letting them know your intentions, that you would like to learn from them how a business operates and simply gather knowledge.
Or is it better to simply work a random job that's paying better so you can save up some money and start your own thing, gathering experience as you progress?
Which route would you choose and why?
Thank you!
This is seriously the best path for someone who really wants to do business. Getting a job is sort of like you telling me "I want to become a basketball player", and me telling you "start by playing soccer". Makes no sense. You don't learn what it takes to run a business by being an employee, unless, of course, you actually take over multiple employee positions.
For example, an employee usually has no idea how to do taxes. They have no idea about what it takes to hire someone, or what paperwork is involved, how to pay salaries, and so on. They have no idea about what an invoice is, how to create one, when to send it and all that goes with that. And so on.
Just go in business already. Offer to clean people's windows, set their website up, whatever. Start working, learn your skill, learn sales, learn marketing, learn how to manage a business, how to read your balance sheet, and so on. You'll never learn that as an employee.
You realize that there are kids your age, at 20, making $5K+/mo by themselves. No job, just them! Hell, some are making $20K+/mo... What's stopping you?
Last edited: