Why I kept my day job – The truth about entrepreneurship and fake online gurus

Why I kept my day job

The online dictionary defines an entrepreneur as a person who sets up a business or businesses, taking on financial risks in the hope of profit.

Notice the word “hope” in the above definition, we will come back to it later!

Everywhere I look I find someone trying to sell me on the idea of “being my own boss”  or “living the freedom lifestyle’!

Their argument is pretty simple, your job is not secure, so build your own business where you get to be your own boss, achieve financial freedom, find happiness and control your destiny!

Sounds great, doesn’t work!

99% of Businesses Fail

You see no one talks about the fact that 99% of businesses don’t work out!

Yet they want you to believe that you’ve (against all odds) got what it takes to succeed. That you are in the 1% and they have the secret to help you succeed! 

The harsh truth is that not everyone is cut out to be an entrepreneur and a business is super hard to establish and crazy hard to sustain.

What’s even more ironic is that the business model of all these online guru’s is teaching others how to make money!

Talk about a pyramid scheme! Try to find any other legitimate business that earned these gurus a million dollars before they started teaching.

Anyway, I didn’t want to make money by teaching others who can then teach others to make money online so I stuck to working a day job!

I don’t want to be an entrepreneur, I want to be happy and moderately wealthy!

After a few failed business launces (#FailFast), I realized pretty quickly that I was not entrepreneurial material, but the most important part of that realization was that not being an entrepreneur is not such a bad thing after all!

Entrepreneurship wasn’t the only path to wealth. A day job could get you there as well.

Once I realized that I didn’t need to be an entrepreneur to be happy or achieve financial success I was able to look into the reality of things and identify the true source of income and a sense of achievement.

The real source of high income and a sense of achievement in everything that you do is having a set of niche skills.

That’s it, nothing more, nothing less! Simple, no?

If your skills are something that the market needs, trust me, companies will pay through their noses to employ you and keep you employed.

This is the same principle that underlines the chances of success for new businesses as well!

2 thoughts on “Why I kept my day job – The truth about entrepreneurship and fake online gurus”

  1. I think you should write atleast 50 words together. Look at how Paul Graham blogs. Look at any of the most influential people. Great art work and investment into it.

    I think you should cite sources when you make any sort of claims or atleast provide examples of what you claim. 99% of all businesses fail? really?

    1. A more accurate statement would be ‘99% of businesses fail within five years’.
      Around 75% of businesses fail in the first two years. And, of those that survive that hurdle, around 50% fail before they reach the fifth year. There are multiple reasons for these business failures. Some include opening a business without a flexible written plan; poor financial management and host of other reasons.

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