Topic: Employment is over rated (build your own empire). (Read 326 times)

I agree with you, it's not always like I said, and there are exceptions when people really start from almost zero and become millionaires because they are smart, and also luck plays some part in that too. I just don't want to encourage people on starting their own business because having unequal opportunities with those who are rich from the cradle they will most likely fail. I've heard so many such stories that I can't stay silent on the subject. People lose the little they have while trying to run their own business, while the same money is not a small amount for getting a good education.

It is very hard to became wealthy working for government except through fraud and stealing of pubic funds!
I believe that people can think on the business to do and has good knowledge about what they should do and become wealthy but the determination, risk, and goals setting is not there. The few that were able to take risk and create wealth are the one we are seeing be rich and help the world in creating jobs for the unemployed one.

I know people that have gotten into something that sounds similar. Usually selling stuff like supplements or those crazy "magnetic" bands. I don't believe anyone in there really makes much from selling the goods and I've always suspected they're really nothing but a legal ponzi.

100% agree selling your time isnt as profitable as abusing others who are forced to sell their time,

lets all beomce capitalist snobs

Because if you truly understand MLM you know you have to make your money and leave ASAP before the scheme collapses. As in most schemes only about an 8% of the participants earn anything but only if you manage to cash and leave, which 92% won't be able to do (and its their money you are taking with you)...

You have to lie and be the best sales-man you can ever be, so they put their money and you can leave pronto. Else, YOU lose as well (as any MLM participant is required to put money in it). The best way to deal with MLM is not getting involved in the first place, EVEN if they promise you full refund at any time*

(*)with some little wording somewhere explaining things such as only in the first 24 hrs or so.

I completely do agree on that mate. Its about finding your hobbies that might feed you someday and not everyone is interested on having the same path. I am not seeing myself tho of becoming the next facebook founder.  The thing that I am trying to point out here as well is for you to follow your dream once in your life. Jack Ma for an instance became successful on his 30's so its never really too late to pursue your dreams.


They indeed are on a different levels. Thats the reason why I don't personally admire them that much. Someone that started from the very bottom are the real deal for me.
Try searching the founder of WhatsApp who failed in trying to get into facebook. After that he got an Idea now whats App is worth $9b.

People like to often cite stories like Jeff Bezos and Mark Zuckerberg as an example that anyone can do it.  They were both born rich with connections.  Jeff's parents gave him a 300k loan to help start Amazon.  How many people have that option available to them? not many

True, but the trick is is to not bankrupt yourself doing it. IF you have a business that fails, dust yourself off and try again. Start small and work your way up and don't take out loans trying to make your business work. Most great entrepreneurs start off small and build their business up gradually and they expand when there's demand for it.


This isn't true. I know lots of people who have jobs but live well beyond their means and rely on credit cards to pay for things they can't afford - luxury items and holidays etc. Some people just aren't good with money and those people probably wouldn't make good businessmen either. A lot of people are too greedy and want to be successfully straight away and they're so deperate for that they try anything and take risks that are too big for them to handle. You need to take some risks in business but always have a failsafe and don't bankrupt yourself in the process because that's just going to set you back even further.


MLM sellers are the worst. They're usually the greediest of people who only care about profit and will push whatever crap they're selling on to you because their business depends on it. Most people won't get rich from this sort or marketing but there is money to be made from it, but it's done in such a sleazy desperate way and they try take others down with them by selling the bullshit dream they're hoping to achieve but as long as they get your money then that's all they care about. 

Indeed. 30% of new businesses fail in the first 2nd year. It's really about taking risks.

The choice is between being "safe" but barely having enough money in your senior years or risking savings which can set you back years if you fail.

Survivorship bias is a nasty thing, we get these success stories shown to us constantly in the media and we never hear about the failures.  It has everyone thinking they can start the next Facebook or something.

Also, I hate using the term "self made". No one on this planet is self made.  Society has created a system and you always have to rely on other people for something.

Anyone who sets himself/herself up to lose everything, probably wouldn't have started a business that would have worked, anyway. But, time and chance happen to everyone. Did Zuckerberg and company know what would happen with Facebook within the first month after they started it?

Then there's Satoshi, who fled the scene, when he couldn't talk the Devs into allowing variable-sized blocks like his whitepaper said. He knew that Bitcoin would flop. He gambled on the Devs, and they failed him.

Btw, consider the growth of Bitcoin in the first 5 years. Then compare it with its growth in its latest 5 years. Bitcoin is a flop.

Not familiar with that 3rd one. Is that one where you recruit people and you get paid for doing so and then they do the same?

IMHO with those you listed the 1st one is the best option. If you manage to hire good people and delegate properly, it's pretty close to a fully-passive income.

Main problem with freelancing is like a painter, you can only do so much. If you stop doing, the income stream stop as well.

Well yes. But what I am getting to is that we will always look at the people who flourished through being an entrepreneur and we'll never look at the countless other people who have failed trying to become the next Zuckerberg.

I'm not taking a shot at you at all, as I think it is great (and vital) that we have people starting their own businesses and trying to innovate. Though we shouldn't force everyone down this path.

It should still be for everyone who dreamed of. You are right that in reality most persons who tries to build there own empire are broke. I myself is one of that right now. I am trying to build my own business from scratch having zero budget. I am only getting  slight amount from here and from doing sideline freelancing jobs locally. It is pretty hard for me because I am still young having only a few years of experience. Doing all the stuffs, Making a logo for my branding, UI/UX designs, been studying programming languages for awhile specifically JS Angular Framework for my front end and Node.js for the backend part. I might fail but atleast I tried.

However I  am still very determined to continue doing this because I know for a fact that I am happy doing it even if It is still not yet finished and I am currently not earning even a single penny from it. If I can no longer put a food on my plate thats the time that I might "Pause" this for awhile and find some stable job but then I am surely going back.

I am the type of guy before who doesn't care about dreaming of making a living doing things that i loved which is online gaming. After I got sick tho, I realized that I am not happy with my job and I am too tired dealing with my co employees and employer. Thats the time where you will realize that it is still never too late to do it.

A once philosopher said
"One of the biggest regrets of a dying person is not about the things he have done but those things that he never did".

Could be true.

But I think a large amount of the stories that we hear about, such as Steve Jobs starting apple from his garage or Zuckerberg starting facebook as a private media venture at Harvard (I think)

These are smart people that were going to do well regardless of their company. They had the brains to be able to do well, they just took it to the next level with owning a large amount of shares of a company that 'took off'

I think it's not only about your abilities, but also about your initial capital. The most party of those "self made entrepreneurs" were millionaires from the very beginning. Reading stories of their lives you can see that they are almost never successful with their first project. Mostly it goes like this. They start a company, lose $1 million, start another one and lose another million and so on. Then, after several attempts, they eventually succeed. Most of us simply can't afford this kind of entrepreneurship, and that's why I think that working for a good paying company is much better than starting your own business.

No shit. You're unlikely to get far working a 9-5 unless you're one of the tiny minority that can miraculously work themselves up from lowly employee to CEO but you'll need to work very hard and hope you get some luck. Walmart often tout their CEO as starting off as a truck loader, but he did go and get a MBA in business.

I think more people should start their own businesses. I blame the current education system for this. We're basically told to go to school, get some qualifications and then go get a job with someone else. I don't remember being taught anything of much value at school, just the basics. It's like a 5-year long aptitude test just to make sure you can tie your shoe laces and button up your shirt. They should teach you things like how to start your own business, or grow your own food, and also go more into depth about health, fitness and nutrition. People think starting your own business is hard, or that you need a lot of money to do it and there are plenty of businesses you can start with little to no money. All you need to do is work hard, but you can't beat being your own boss. If your business grows you can then hire someone to run it for you and you can either retire earlier or invest your money into starting a bigger business. Most successful entrepreneurs do it this way and that's how they become successful. Even if their business fails they'll dust themselves off and try again and keep doing it until they succeed and that's the mark of a true entrepreneur.

The biggest problem in our society is the fact that education system doesn't equip new people with the necessary skills that are needed in a working environment.
This is the reason why it is very difficult to start a new venture, as young people don't have the skill set.
Maybe this happens on purpose in order to keep people under employment...Who knows...

But lets be real : This sort of thing is not for everyone. Plus, when you're saying that the reason that the vast majority of people become uber wealthy is due to the fact that they've started their own companies -- that's true, but it doesn't look at everything.

Do you know the amount of people who try to start their own company and fail and lose their savings, their homes, their retirements, and so on and so forth. For every single Bill Gates and Zuckerberg in the world there is 1 million people who lost it all trying to become them.

No one ever went broke working day in and day out -- but there have been many going broke trying to to start their own thing.

Yes we should get more and more people into becoming entrepreneurs -- but not everyone can be the boss.

And when you do your own business, consider a Private Membership Association (PMA).
https://duckduckgo.com/?q=Private+Membership+Association&t=hi&ia=web
https://www.youtube.com/results?search_query=Private+Membership+Association

There is still avenues to be self employed and still have a running employed job I do know of people that work normal jobs but still have an investment, busines company they own. Just that this time it's managed by someone.
But the problem is when contentment with present living sets in without actually planning ahead (after retirement)

There are different types of self employment imo.

1. Business owners
2. Freelancers
3. Mlm partakers

The issue with self employment being overlooked is thst too many people are on the base of an mlm pyramid and only earning a bit every month that isn't much.

Business owners (including innovators) do quite well but they generally require other cogs in the machine and need workers. Most people don't see a point in saving money and trying to move 9n as they're happy where they are.

Freelancers are probably my favourite type of people who are generally skilled enough to take on other people's jobs. But sometimes you get freelancers that do very little (and some do too much that they can't keep up with the load they have to do to keep up their reputation).

  The forbes richest men on the planet list composed of self made entrepreneur or business men. For too long people around the world more in developing countries depends on regular employment for survival.
Don't get me wrong or misinterpreted there is nothing wrong work round the clock for another person or government helping them build their dream's while you have not set yours rolling but its more annoying to see individuals when jobs are not available continuing there search without trying to look for alternative to means of surviving.
  
   Why should you prefer building your dreams to employment.
1. Like I just earlier said countries can have poor rate of employment no country is bigger than this Even the powerful countries and some times staffs can be cut out throwing them into the unemployment line and the whole cycle of job hunt begins
2. Made to retire at a certain age: as life goes on so does responsibilities and when the source of income is Short lived no matter how much you where initially earning can still affect your survival.
3. Controlled and in some cases over used: developed countries has set up measures to protect employees from silly employer's but in developing counties employers take advantage of their workers, like sexual harassment, over labour, low pays
There are other disadvantages of solely depending on employment.

Self employment has been undervalued and over looked every one wants salary seeing building an idea from the scratch as strenuous
Skill acquisition and self employment aids in alleviating poverty. The real deal is fewer people lack the interest to think,learn and build.