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Nothing Wrong Working For A Company Or Doing Your Own Business - Business - Nairaland

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Nothing Wrong Working For A Company Or Doing Your Own Business by cooltola(m): 4:01pm On Apr 26
There is nothing wrong for someone working for a company. There is a myth that working for a company is bad and starting your own business or working for yourself is good. I have seen some people who have started a business with nothing to show for it and have seen some people who work for someone or a company with nothing to show for it. Do your homework by studying the market, the customers and the environment before venturing out. A business or hustle that works in Oshodi might not work in Ibadan. A business that Emeka is successful at might not work Femi or vice versa.
Always put God first

Never put all your eggs in one basket and always try something new that can pay you in the long run. The job market is always changing but there are constant no matter how bad the economy which are transport business , housing and the need for foods and information.

Since we live in the internet age, it is not a bad idea for one to learn more on computer programs or IT so you can keep yourself updated.

Never put your business into the hands of friends or family. There is no family in business because they do not care about your sacrifices or what it takes to run a business, instead employ a qualified person who will increase the net worth of your business.

Keep your business establishment clean and odorless. No one wants to come to dirty environment.

Never mixes business acquaintance or customers as your personal friends- Your female/male customer are not your girlfriend or boyfriend

Always think ahead of the curve by looking for way to eliminate waste-e.g. if your top customers happens to around 4-8am, you want to be there at 330am and live close to the area of your business whether there is traffic or not . It does not make sense that you live 1.5 hour away from business location because of traffic. You will lose money, time , and sanity

Always take care of your equipment that fetches you money e.g if you drive for uber, service your car regularly will save your money, and keep your car running for a long time.

Working for a very well paying job means you set high standard for yourself, there are many qualified people who want your spot in the company- You do not to give room for anyone to sack you. You do not come late for work, do your work very well and never take anything for granted.

If it happens that you know that your boss or employer is at a wedding party or any social event with you, try your best never to outshine your boss at any event because tomorrow might be another story especially if the job is high paying.

Just because your job pay very well does not mean it going to last, always have a backup plan, save your money and try to live according to your means. You do not want to be the person that made a lot of money in 2020s and now you barely can afford to rent a self contain.

Learn from your competitors- Your competitors are not necessary your enemies, you can learn some valuable lessons from your competitors and learn how they are successful at their businesses.

Listen to your customers- accept constructive criticism

If you have plan to start a business- go ahead and start one

Do not keep up with Jones-

Please feel free to share your ideas

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