I met up with an ex-colleague not too long ago who began his personal enterprise after our firm downsized again in 2017 and he was a part of the group that was laid off.
However as a result of he had already labored with the corporate for over 10 years at the moment and held a center supervisor place, his compensation was actually good and he was very happy to take the compensation slightly than proceed working with the corporate.
We chatted for over 2 hours over lunch and he shared his journey as a enterprise proprietor.
And one factor he advised me made me realised a mistake in my pondering in relation to doing what I like as a dwelling.
Regardless of operating his enterprise for the final 7 years, he wasn’t truly profitable till about 4 years in the past.
He stated the primary 3 years of operating his enterprise, he misplaced some huge cash and nearly needed to begin in search of a full-time job once more.
The compensation cash that he obtained (it was effectively over 6 figures) was slowly getting used up and he didn’t have a lot left in his financial savings.
However the hardships he had throughout these first 3 years had been actually a blessing in disguise for him as a result of it him realise what he was doing incorrect and it was an excellent lesson for him. It was what set him as much as do effectively after that and since then, he has not seemed again.
He advised me that the error he made within the first 3 years of operating his personal enterprise was that he didn’t see it as a job.
As a result of it was what he liked doing, how may it have been a job for him?
That was the place he was incorrect.
He stated to me:
“Benny, it doesn’t matter what it’s that you just do for a dwelling, even when it’s a ardour of yours, or one thing that you just really love doing, so long as you’re doing it for a dwelling and never as a passion, it’s a job — so deal with it like one.”
The distinction whenever you’re doing one thing as a passion and whenever you’re doing one thing as a job is the…
