A few days ago, I came across an article in the New York Times revealing the steps some 20-somethings are taking to get jobs. The results were disturbing. Many young people are essentially becoming 24/7 employees for minimal– if any– pay, all in an attempt to get ahead. And whether the author realizes it or not, the article essentially shot down every excuse not to start a business. Below, I look at some of these excuses, and why they aren’t valid.
Starting a business is a lot of work
This is true. Starting a business is a ton of work. But the people intereviewed for the article are already working a ton. They all complained that they are required to be available 24/7. They have to go in on weekends to get more work done. They have to get up in the middle of the night to contact people in Asia or Europe. They are always working.
Starting a business takes too much money
Some businesses take a ton of money, but many don’t. In fact, the book “The $100 Startup” is all about businesses that people have started with hardly any money. It doesn’t take as much money as many people think to start a small business.
Starting a business requires you to go months or years without pay
Depending on the business, this may or may not be true. But again, like the article states, many young workers are already going years without getting paid. They are taking unpaid internships, or entry jobs paying only $15,000 per year, all in the hope of getting ahead.
Starting a business is uncertain
This one holds back a lot of people. They simply don’t like the uncertainty of starting a business. But a job is just as uncertain. Those young people working 16 hour days for $15,000 per year are doing that in the hopes of getting ahead and moving up. But what if they don’t? What if their employer decides that they don’t like the person and never promotes them? What if they screw up once and get fired? It is all possible. At a previous company I worked for, an employee who was with the company for 22 years was fired and given 10 minutes to clear their desk and get out. Is that certainty?
If you are going to go years working 24/7, working your ass off, and all for minimal or no pay, why not just start a business? The only difference between working such a job and starting a business is that a business provides capital growth. While a job pays the same amount regardless of how much you work, a business will thrive if you work harder. All of that extra effort puts more value into the business, rather than more money into someone else’s pocket.