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- Mar 1, 2021
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I have read MJ's books and understand the concept of the Fastlane. At the moment, I neither have the money nor an idea to execute a business so I have identified that the first step is to get a job.
A bit more about myself, I have action faked for 2 years and I am now in my final semester of college, with the goal of getting a 'safe' and 'recognized' job at a multi national corporation because that's what most people do with their degrees - its the scripted path.
However, I recently caught up with a family friend who may have an opportunity for me to join him in a small local business in the home renovation/interior design firm.
(NOTE: He is not the business owner but has worked his way up and is doing much better compared to his two decades long stint in the corporate world.)
This made me rethink my original plan of working for a large corporation and the likelihood of pivoting into a fast lane business from it, as opposed to joining the local firm.
My thoughts is that I will be a larger cog in a small local firm, which would allow me to gain greater exposure to the industry and potentially set myself up with the skills, knowledge and network to enter the fastlane in the future. This industry also has its fair share of complaints that provides potential opportunities to value skew. But I know better than to get ahead of myself as ideas are worthless without execution.
I have listed out pros and cons of the two paths:
Corporate Job
Pros:
- stability (steady pay check and increment)
- recognized by corporate world, which would allow switching of jobs periodically to accelerate income
- better starting pay
- typical leave and benefits scheme of a corporate
- lower risk path
Cons:
- only build knowledge in your specific domain / scope of work
- specific knowledge unlikely to lead to fastlane
Local business
Pros:
- potential to learn the industry and start my own fastlane business
- work closely with industry veterans to accelerate learning
Cons:
- likely lower starting pay with the need to learn from scratch and work my way up
- chance of things not working out and starting my corporate career later, where experiences may not be valued
- higher risk path
- less prestigious and may be judged by peers and family
My gut feeling tells me that going for the path less travelled - the local firm is the way to go. But I still have my doubts and would love to hear what the forum thinks about this.
A bit more about myself, I have action faked for 2 years and I am now in my final semester of college, with the goal of getting a 'safe' and 'recognized' job at a multi national corporation because that's what most people do with their degrees - its the scripted path.
However, I recently caught up with a family friend who may have an opportunity for me to join him in a small local business in the home renovation/interior design firm.
(NOTE: He is not the business owner but has worked his way up and is doing much better compared to his two decades long stint in the corporate world.)
This made me rethink my original plan of working for a large corporation and the likelihood of pivoting into a fast lane business from it, as opposed to joining the local firm.
My thoughts is that I will be a larger cog in a small local firm, which would allow me to gain greater exposure to the industry and potentially set myself up with the skills, knowledge and network to enter the fastlane in the future. This industry also has its fair share of complaints that provides potential opportunities to value skew. But I know better than to get ahead of myself as ideas are worthless without execution.
I have listed out pros and cons of the two paths:
Corporate Job
Pros:
- stability (steady pay check and increment)
- recognized by corporate world, which would allow switching of jobs periodically to accelerate income
- better starting pay
- typical leave and benefits scheme of a corporate
- lower risk path
Cons:
- only build knowledge in your specific domain / scope of work
- specific knowledge unlikely to lead to fastlane
Local business
Pros:
- potential to learn the industry and start my own fastlane business
- work closely with industry veterans to accelerate learning
Cons:
- likely lower starting pay with the need to learn from scratch and work my way up
- chance of things not working out and starting my corporate career later, where experiences may not be valued
- higher risk path
- less prestigious and may be judged by peers and family
My gut feeling tells me that going for the path less travelled - the local firm is the way to go. But I still have my doubts and would love to hear what the forum thinks about this.
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