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With a scenario this immense, I'm not sure you're all that much more protected in a 9-5 'job' vs being a self-employed consultant. I do agree that many folks j
by mgkimsal 7y ago
With a scenario this immense, I'm not sure you're all that much more protected in a 9-5 'job' vs being a self-employed consultant. I do agree that many folks jump ahead without too much planning for the future, and... sometimes it works out, sometimes it doesn't. I've been burned a few times in the past, and while I am still self-employed, I've become a lot more cautious and reserved in my operations and personal life.
- vkou 7y agoWith this kind of scenario, if you have a 9-5 job, you have a very clear transition to unemployment. If you're a consultant... There is definitely government will and intent to help you, but you're a square peg, and the unemployment offices are still figuring out how to best fit you into a round hole.
- sickygnar 7y agoI agree. As an employee, you assume some of the same downside as the business owner, and little of the upside. If the business fails, you are out of a job. If the business does well, you might get a small raise.