Why Do Entrepreneurs Talk Down On 9-5? - Career (7) - Nairaland
Nairaland Forum › Nairaland General › Career › Why Do Entrepreneurs Talk Down On 9-5? (27039 Views)
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| Re: Why Do Entrepreneurs Talk Down On 9-5? by franchasng: 10:33am On Sep 19, 2019 |
ImaIma1:Hahahahahaha tell them oh ![]() The thing is, every young person should have a goal to work for a certain number of years to gain experience and to raise capital to venture into their dream business based on their skills and passion. And we all should learn to respect everybody's decision and jobs. If I decide to be a welder or a carpenter or a banker or a doctor or a cleaner or a gardener or a driver or a conductor or a security officer or a soldier or a trader, respect my decision and respect my job and handwork. This is the only problem we blacks, especially Nigerians have. We look down on others out of our selfishness and wicked attitude towards one another. Everybody is very important. Entrepreneurs cannot do without the employees and those doing 9-5 salary jobs cannot do without entrepreneurs, it's just the truth. If you run your own business or company, you need people to work for you and perform some tasks cos u can't do it alone. And if you are working you need laborers, business people and entrepreneurs to do some tasks for you because you won't have the time and you cannot handle all your life tasks on your own. All we need is mutual respect for one another. But it is very advisable for every salary earner to make a goal to resign or stop working to start their own business or company, if not, our future kids won't see companies and businesses to start working from to gain experience and earn a living. We need more business owners, entrepreneurs and companies to grow Nigeria. |
| Re: Why Do Entrepreneurs Talk Down On 9-5? by pocohantas(op): 10:34am On Sep 19, 2019 |
They are all singing, have multiple sources of income. My job is a source of income. Your shop where you are selling is a source of income. One government policy can make me jobless. It can also throw you out of business. You can even wake up one day and that your shop has been raided. It was the shop of entrepreneurs that were Xenophobiad. Or are your businesses suddenly multiple sources of income because they are not 9-5s? Everyone needs multiple source of income, (INCLUDING YOU ENTREPRENEURS), we know this and we mustn't open shop or buy and sell to achieve this. Leave us alone and stop acting like you have discovered the cure to HIV/AIDS.
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| Re: Why Do Entrepreneurs Talk Down On 9-5? by ImaIma1(f): 10:36am On Sep 19, 2019 |
franchasng:Nice examples. But do you know how many examples of people that were into business I know that didn't make it. And of people with 9-5 jobs who have been successfully and sent their kids for master's abroad with their pension and savings. Lifestyles vary. It is how people lived their lives, spending habits, lifestyle,etc that really is the culprit here. You see a man as he is working, he has investments, builds houses, has lands here and there, etc. But then another has mistresses or other habits that depletes the funds. It's really about discipline and thinking about the future. One of my dad's friend's was a goldsmith. He made a lot of money then and never even built one house. Another one was a big man in mobil then but his love for women did let him achieve much. If some people calculate the money they spend on alcohol monthly, it will shock you. Bad habits are what limits people, not 9-5 or otherwise. |
| Re: Why Do Entrepreneurs Talk Down On 9-5? by Thegamingorca(m): 10:39am On Sep 19, 2019 |
pocohantas: ![]()
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| Re: Why Do Entrepreneurs Talk Down On 9-5? by kevoh(m): 10:43am On Sep 19, 2019 |
pocohantas: ![]() |
| Re: Why Do Entrepreneurs Talk Down On 9-5? by GoodBoi1(m): 10:51am On Sep 19, 2019 |
franchasng:Well said |
| Re: Why Do Entrepreneurs Talk Down On 9-5? by franchasng: 10:57am On Sep 19, 2019 |
ImaIma1:Yes I know and agree with you ![]() |
| Re: Why Do Entrepreneurs Talk Down On 9-5? by Nobody: 10:58am On Sep 19, 2019 |
pocohantas:and this is exactly what happened shoprite is still closed. apparently most of those shops were not insured [because shoprite] and a lot of the owners took loans from banks as it is the owners and the workers are both fked |
| Re: Why Do Entrepreneurs Talk Down On 9-5? by Thane(m): 11:01am On Sep 19, 2019*. Modified: 4:24pm On Sep 24, 2019 |
GoldPencil:boss. |
| Re: Why Do Entrepreneurs Talk Down On 9-5? by OneKinGuy(m): 11:04am On Sep 19, 2019 |
The problem is that the so called entrepreneurs are angry and frustrated that people don't pay attention to them or whatever they have to sell expecially Nigerian entrepreneurs. They will end up insulting the whole nation once someone tries to condem them. They run Sammy ads flashing their fake wealth on Facebook. As for me, I just ture blind eye to all those shits and scams. Entrepreneurship expecially in Nigeria is mostly a scam! |
| Re: Why Do Entrepreneurs Talk Down On 9-5? by missimelda01(f): 11:07am On Sep 19, 2019 |
So you think there are people whose dream is to spend their life time working for another man's company? I see this as a cycle, there comes a time when you'll have to work under/for people to gain experience, funds etc, with time you graduate into the next phase which is creating job opportunities for other people, it keeps going on and on. I don't think any good employer would want to see a particular person in the same company for years.. growth is necessary. One more thing, money is not the only reason people choose to be entrepreneurs. ImaIma1: |
| Re: Why Do Entrepreneurs Talk Down On 9-5? by franchasng: 11:08am On Sep 19, 2019*. Modified: 3:00pm On Sep 19, 2019 |
ImaIma1:I disagree with the part in bold, because with Nigeria's salary structure, no salary earner working for government can afford to do that if he or she was not corrupt through taking bribes, looting company fund by raising stock price, taking kickbacks from contractors/vendors, and engaging in all forms of office corruption that is rampant among Nigerian civil servants, which is why Nigeria is a mess it is today. Only the few people working in top IOCs, FMCGs, and some few multinationals can afford that without engaging in office corruption. So don't use them as yardstick because it is corruption, looting and bribery that make most salary earners in Nigeria appear like they are making money or rich, if they stick to their salaries and allowances, they won't afford some of the luxury lifestyle they live, except for the few executive directors and top management staffs who are very few in number, you know what I am saying. I have been there |
| Re: Why Do Entrepreneurs Talk Down On 9-5? by missimelda01(f): 11:12am On Sep 19, 2019 |
You don't have to be the person managing the business, besides they all have their different challenges (9-5s and businesses).. choose the one with more advantages and that is definitely being your own boss. Chudichu: |
| Re: Why Do Entrepreneurs Talk Down On 9-5? by OgogoroFreak(m): 11:19am On Sep 19, 2019 |
You can have a job and still be an entrepreneur |
| Re: Why Do Entrepreneurs Talk Down On 9-5? by alexsoftwork(m): 11:21am On Sep 19, 2019 |
otipoju:..... And dem sabi owe salary like mad and owe banks too A won inspire to aspire rubbish. |
| Re: Why Do Entrepreneurs Talk Down On 9-5? by Focusmind: 11:25am On Sep 19, 2019 |
Hedonisco:This is the part the OP failed to understand. Why haven't the working people have their own houses. Throughout the period I rented houses, all were owned by people running their businesses. Mainland especially, Gbagada, Ikeja, Isolo, Magodo, Festac - 90% of the houses belong to entrepreneurs. You cant be comparing a struggling entrepreneur with someone that just started working in a bank or oil company. Of course, the guy doing the 9 - 5 job would be better off. When looked evenly, OP, those with their businesses are far more better in terms of welfare - Average salary of all Nigerians working 9 - 5 is not up to 40k per month. I am in 9 - 5 now, but my transition to entrepreneurship or consulting as in my case is not far from now. Once my consulting hustle start gets up to 50% of my 9 - 5 pay, I am off. I need to take charge of my life style and define my future. I told my self that by age 40 years, I should have my own house and business. Eagerly working towards it - it may be difficult initially but I always believe in hard work |
| Re: Why Do Entrepreneurs Talk Down On 9-5? by jclassiq(m): 11:28am On Sep 19, 2019 |
Vincad:Oga, 6 million naira per annum is like 200k monthly. Not saying its poor but you make it look like the guy collect #6 million naira every month. Which multinational is that? And what does he do for them? |
| Re: Why Do Entrepreneurs Talk Down On 9-5? by horlique(m): 11:33am On Sep 19, 2019 |
pocohantas:because they envy your suffering.. especially those of you living in Lagos.. |
| Re: Why Do Entrepreneurs Talk Down On 9-5? by kiddkash(m): 11:36am On Sep 19, 2019 |
pocohantas:You can never get rich working for someone else exactly. all the rich men in the world, none of them have jobs, they all have businesses while people go to school, then nysc and use their God given talent to better those rich men if you as a human being can find a passion and know how to monetize it, the rich men will keep using you to make wealth for themselves |
| Re: Why Do Entrepreneurs Talk Down On 9-5? by Yoighaman(m): 11:45am On Sep 19, 2019 |
mployer:Well said but unfortunately I can't 'like' twice. |
| Re: Why Do Entrepreneurs Talk Down On 9-5? by Hedonisco: 11:45am On Sep 19, 2019 |
GoldPencil:You're funny. How many 9-5ers in Nigeria will save up to 50 million at age 65 sef? Where dem wan see am after all the toil, expenses etc of maintaining their families and so forth? Maybe only 1% of the entire workforce with very good working conditions and a guaranteed fat gratuity. |
| Re: Why Do Entrepreneurs Talk Down On 9-5? by Yoighaman(m): 11:51am On Sep 19, 2019 |
franchasng:Best comment I have read so far...thumbs up....let me keep reading. |
| Re: Why Do Entrepreneurs Talk Down On 9-5? by Yoighaman(m): 11:56am On Sep 19, 2019 |
franchasng:Another very sensible comment. |
| Re: Why Do Entrepreneurs Talk Down On 9-5? by Budline1(m): 11:59am On Sep 19, 2019 |
franchasng:You are right. Cases like this truly abound. With the current rate of unemployment in the country, a lot of ppl I know that their parents have good old businesses are not feeling the heat at all, they do the family business and they ball like kings. |
| Re: Why Do Entrepreneurs Talk Down On 9-5? by ImaIma1(f): 12:11pm On Sep 19, 2019 |
franchasng:I work in hr, so I can say small about this. I am not talking about govt jobs. Besides, a whole lot of people are not govt workers. In my office, aside the percentage deducted from your salaries for pension, the company also has a contribution they add for pension. It's not a multinational or FMCG. Some people's pension will shock you especially someone that has worked for 10-20 years. Don't underestimate it. But pension is not my only point. I pointed out that it is people's lifestyles and bad habits that sink them whether 9-5 or businesses people. |
| Re: Why Do Entrepreneurs Talk Down On 9-5? by Nobody: 12:14pm On Sep 19, 2019 |
Its just frustration btw not all entrepreneurs do that. You ve got to understand no business can survive without patronage, so you ve got to carry every one along. |
| Re: Why Do Entrepreneurs Talk Down On 9-5? by ImaIma1(f): 12:14pm On Sep 19, 2019 |
jclassiq:More like 500k monthly |
| Re: Why Do Entrepreneurs Talk Down On 9-5? by Budline1(m): 12:19pm On Sep 19, 2019 |
franchasng:So true! You said it as it is. You are on point. |
| Re: Why Do Entrepreneurs Talk Down On 9-5? by 2800net(m): 12:20pm On Sep 19, 2019 |
at requirement age, I do not believe any of your child should still be in School... franchasng: |
| Re: Why Do Entrepreneurs Talk Down On 9-5? by GoldPencil: 12:25pm On Sep 19, 2019 |
lol. bro. I'm being hypothetical and considerate even. most people here cant take the harsh pill of truth. Let's assume they get paid pension/gratuity or whatever lump sum AFTER 35 long years of donkey slave labor. The people they look at to have hope are the failing entrepreneurs. Of which failure is a certain thing on the path. multiple times sef. they borrow from 95ers to try again. and fail again. 99 times until number 100 click and pages for all the past failures. ![]() Your question is valid though. how many? Hedonisco: |
| Re: Why Do Entrepreneurs Talk Down On 9-5? by Hedonisco: 12:25pm On Sep 19, 2019 |
HBB1:In this age of the Internet, even the risk taking aspect of entrepreneurship is overrated, especially for beginners. Trust me, the most important resource needed in new-age entrepreneurship is not necessarily capital, but INITIATIVE... Ingenuity. Here's a short definition of entrepreneur that captures its whole essence: Someone who exercises initiative by organising a venture to take advantage of an opportunity... Most people are dissuaded by the fear of expending money in order to start a venture. They would ask you, 'where will I see money to start the business', or they would say 'what if I lose all my savings in the course of pursuing this business'. This mindset is too limiting and very outdated. Telecommunication and the internet is the most important development in the history of the world. It is the great equaliser. It has made it more possible and easier then ever to minimise financial risk and launch ventures with virtually a shoe-string budget and yet watch that venture grow exponentially into something that yields millions and billions. It is possible to sell a product you don't own, or a service you can't provide yourself, to buyers you have never met, and yet make as much profit or even more than the actual producers of that product or service. The brokerage and arbitrage opportunities are endless. You can even market your own product or service to specific audiences at prices that are 1000% more than the prevailing market average, with a little tweak. In doing all of this, it is possible to start these ventures without spending up to what it costs to buy a low budget Android phone, without worrying about fixed costs (inventory, office space etc.). There's a lot out there, especially now that the Internet has removed physical barriers to the markets and so the possibilities are endless if you have keen vision, a sharp nose, a creative mind, and a willingness to take action over and over again. It doesn't matter if you have money or not, as long as you have access to the Internet. Anyway, the road to salvation is a lonely, dark street and everyone must walk the walk alone and find their own way. Dem no dey tell person. |
| Re: Why Do Entrepreneurs Talk Down On 9-5? by GoldPencil: 12:36pm On Sep 19, 2019 |
ingenuity. laptop. internet. focus. that's really all you need today. most people just want another person to do the thinking for them. I would have added temporary 9-5 to raise capital. but again, if you have the first four, you can raise the capital you need, albeit slowly. then pursue bigger fish. translate online wins to offline wins. Hedonisco: |
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I will explain in details below, the reason why entrepreneurs have the last laugh.