Kak
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Assuming, you or your friend are actually working on something, hard, while partaking in "entrepreneurship" you should be building more experience than if you had a job.
Lets look at two scenarios-
Scenario 1:
Guy graduates college with a BBA at 22 years old> Gets an above average job @50k per year.> Gets a promotion at 25 to 60k per year> And another promotion to 75k at 28... Hopefully by age 35 he can break into 100-150k range where he will likely ride out the rest of his career unless he loves kissing a$$.
Scenario 2:
Same guy graduates college with a BBA at 22 years old> Immediately starts working on a business with a LEAN lifestyle finds a way to get by on less than a typical job, lets say it takes years> At 24 has enough experience to likely get a 75k job> At 26 150k> At 28, 2 job job offers pop up for over 300k per year...
Does that sound far fetched? It isn't. It happened to me. And I politely declined the job offers. How did this happen? Meeting the right people and working on the right things, thinking broadly and displaying high levels of competence at every possible instance.
HAD NOTHING worked out for me I would still be in better shape than someone who decided to hop on the ladder and do menial work all day. The difference being the sacrifice I was willing to make. Taking initiative builds resumes and grows your overall value to the marketplace even if that means a job.
Lets look at two scenarios-
Scenario 1:
Guy graduates college with a BBA at 22 years old> Gets an above average job @50k per year.> Gets a promotion at 25 to 60k per year> And another promotion to 75k at 28... Hopefully by age 35 he can break into 100-150k range where he will likely ride out the rest of his career unless he loves kissing a$$.
Scenario 2:
Same guy graduates college with a BBA at 22 years old> Immediately starts working on a business with a LEAN lifestyle finds a way to get by on less than a typical job, lets say it takes years> At 24 has enough experience to likely get a 75k job> At 26 150k> At 28, 2 job job offers pop up for over 300k per year...
Does that sound far fetched? It isn't. It happened to me. And I politely declined the job offers. How did this happen? Meeting the right people and working on the right things, thinking broadly and displaying high levels of competence at every possible instance.
HAD NOTHING worked out for me I would still be in better shape than someone who decided to hop on the ladder and do menial work all day. The difference being the sacrifice I was willing to make. Taking initiative builds resumes and grows your overall value to the marketplace even if that means a job.
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