4 ms·
Part of it is being my own boss, working on stuff I choose. But honestly a big part of it is the potential for profits to scale independently of, or at least a
by modoc 17y ago
Part of it is being my own boss, working on stuff I choose. But honestly a big part of it is the potential for profits to scale independently of, or at least at a very high ratio to, my effort/time.
Working for someone else you'll never make more than $X/year, where X is some general high point for your position/field/location/etc... That could be $50k, $100k, or $300k, but it's unlikely to be much higher (unless your position is CEO, investment banker, or thief (wait is that two or three positions?)).
By building a business, my hope is that the business will expand, I'll hire people, I'll have long term contracts, recurring revenue, and other mechanisms in place that will allow me to work 40 hours a week and make $200k one year, $500k the next, and so on. When you work for someone else in general your income will be fixed to some hours*$Y formula. Building your own business can free you from that limitation.
- siculars 17y agoI could not agree more as starting your own venture is the ultimate liberation. After spending many years working for someone else I have finally decided to take the plunge and implement one of my ideas. I must say the dreariness of the day-to-day working a job under management that sucks the fun out of life has motivated me to make this decision. modoc's earnings analysis should not be taken lightly. It is what separates the working poor from the comfortably wealthy.