The TRUTH About Entrepreneurship. Do I Regret Quitting?
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- Опубликовано: 28 май 2024
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Last year I quit my job as an Investment Banker, do I regret it? Entrepreneurship vs Employment
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TIMESTAMPS:
00:00 Do I regret quitting?
00:25 Trading the 9-5 to 24/7
01:55 No one tells you what to do?
02:56 Competition
04:08 Money
05:43 Value and Ownership
07:05 Full Control
07:42 Community
🧡DISCLAIMERS & DISCLOSURES
This content is for educational and entertainment purposes only. Nischa does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
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Love reading your comments & experiences below - thank you for sharing!
I learned how to monetize my passion and now get paid for consulting and so far in 2024 I have been paid more than my previous yearly salary. We are only in February lol
I can sponsor your channel or teach you my passion if interested
One entrepreneur talking openly about to another .. is risky as ahe can be your future competitor..
@@shafaqatali5035 not in my industry. We have an abundance mindset. There is enough for us all to eat good together
@@defi8321So true. You will be forced to think creatively.
Who is reviewing????
I think this is great video. Very open & honest. I had my own company for 10 years then stopped and worked for someone else. That lasted 2 years. The fact that i had to ask permission to go to the dentist just killed me. I quit and started a new company. Right now i have two businesses. The more sources of income you have the better. My wife has 3 businesses. We're not rolling in money but we answer to no one and are debt free. There is no reward without risk and it takes years to build a company to where it healthy & running. Start with a side hustle.
Well said, thanks needed that
You're absolutely right - it takes years to build a solid, healthy, running business - and I have found having a flexible mindset, the ability to pivot (plus a lot of other components is critical to success). I could never go back to asking someone for time off!!!
I love to work a lot. Owning my own business makes that a necessity, not a problem. First people laughed at me. Years later, they asked me for advice.
Would love a day in the life vlog.
Scratching my head as to how this has 27 likes 😅
@@nischa I would love to see that too, Nisha😊
Owning a business is great until a client (that has signed a contract) decides not to pay and you have to go to the courts.
Or they pay late. My Dad (who is still working aged 80) is self employed, and has some large companies as clients. They often pay 3 months late and there is nothing he can do about it. We need stricter laws on payment in UK. In other countries, invoices have to be paid within X days by law.
People suck. Business is (can be) cold
Depending on the length of the project...break it down into deliverables and get clients to pay upon completion of deliverables.
@@therighteousrighthandIn which they can STILL pay late, don’t you get it?
Upfront fees are better
I am living a comfortable life working for someone else. I tried to freelance and I’m not cut out to do the paperwork and marketing myself. My main work is a database programmer and my side hustle is sports photography. At 2pm I’m done. I am fortunate enough to work from home 100 percent and my coding skills are exactly what my company needs. Thanks again for sharing your experience on this.
Can we connect, I'm finishing my university degree and needed experience
Weekends and evenings are no longer a thing -> this really hurts. Working long hours without adequate rest, blurring the lines between personal and professional life, and ultimately leading to burnout. I can also add two more negatives: 1. Unexpected visits from friends: Friends and acquaintances might assume that since you're not adhering to a standard 9-5 work schedule, you're available at all times. 2. Clients expect you can deliver the same scope of work as larger companies but at a waay lower cost and with waay quicker turnaround times.
Hi Nischa. Not doing the comments often but after finding your channel I had to.
This is one of the most useful ones out there on this subjects. I watched a lot of them for a long time and only now I know that something was missing.
You make it so effortless and simple to digest, short videos packed with so much good content and information. Being gorgeous and always having a smile on your face sure helps but it's not even close to being smart, present, warm, logical and organised, unostentatious and always going for the classical black shirt dress code. Your recipe for delivering your "product" is just perfect.
Never change the format, keep the smile on no matter what, follow your plans and dreams and teach others how to do it too !
Million subs in a sec :)
This is so kind!! Thank you
I’m glad that you are here on yt. In case you feel that you regret quitting your job at any moment just remember that you are adding value to our lives by financial education. I’ve learned so much about personal finance through you. We appreciate your efforts. Thank you so much.
This means a lot, thank you so much
you get a free education but it is at her expense. she doesn't get paid for it.
@@TheSunshinefee What do you mean she doesn't get paid for it? She's earning from RUclips views.
Got fired in 2014 and being working for myself ever since, BEST FU??KING THING I EVER EVER DID. Its tough and hard but damn is it worth it, if you have ever thought of doing it, just do it, you WONT regret it. LOVE your work Nischa
So what are your tips ?
Thank you !
Very classy presentation as always. I would add one item to it, and that is the idea of building equity. When working for someone else you are building equity - for someone else. When working for yourself you are (or should be) building equity for yourself. I too did very well in the corporate world but left for entrepreneurship myself. And clearly in the early going it is about income, but over time it will morph into being about equity. That will be the ultimate home run and vindication of your decision. All the Best!
What do u mean by building equity for someone/ourselves? By equity, are u saying the end goal is to get our business bought by some investor?
@@inthemoodforambience yes that could be a likely outcome. Typically, the equity build will exponentially exceed any amount you pay yourself, as equity is valued at a multiple of earnings. It will also open doors for cash out refinancing, and other forms of leverage that could also exponentially exceed anything you pay yourself. Once you get to a level of ownership and building equity, it is life-changing. Been there - done that.
Very honest - I run a business with 25 employees - I love it (mostly!) - but it is also all consuming. The work-life balance is definitely tipped towards the work - but it makes me fill my life up as much as possible.
I keep myself very busy and don't sit around much at all - and perhaps sometimes I should sit and chill - but if I try that I feel like I'm wasting time.
I'm sure there are lots of people who feel this way...
Love your videos - don't know how you find the time for them - but keep it up! 🙏😊
Very much appreciate your honesty and transparency in these videos! Thank you
Love the balanced view but also the deep perspective from both worlds!
As always, you’ve delivered once again!
Thank you for being open and honest about what it’s like to work for yourself. Everyone always talks about the benefits but no one really talks about the downsides and risk that comes with it.
Hey Nischa :) Love all your content, and appreciate your honest views on working in a big company vs mostly alone as an entrepreneur. Are there any communities you are part of or know of, or would you consider creating a community for those pursuing various forms of online businesses - 1. to connect with and be inspired by other likeminded people and 2. to maintain some level of healthy social contact with other entrepreneurs, seeing as this is so important. It would be so great to connect with others in London
Always great informative content, thank you, I whole heartedly agree with this. I went from a senior role in corporate to a full time creator 👍🏻
Thank you for your point on this. I am a first business owner. I was working in one field for 14 years and then quit. I started my online business back in March.23 I love the freedom that you mentioned, but I have set boundaries, not to work on weekends. I love what you said about missing some things and not others from corporate work - I get it. I also love working with my jumpers and cozy wear. Lol, I have learned that the first year of starting out on your own is not as easy as they make it out to be. It is also very expensive especially when you are a tight financial budget. Again thank you for sharing. Do you have more videos like this one?
Thank you for this insightful video. As someone who’s trying to build my own entrepreneurship journey and working rn, this is super valuable and you deserve 1m subs ASAP!
Inspiring! Your channel as grown so much and so quickly too!
Thank you for the video. I am glad to hear that things are going well for you after a lot of hard work on your part.
Fantastic video, thank you! I am a business owner - have been for over 10 years and was previously an employee. I love being my own boss and the freedom it brings. However, I almost reached the point of burnout before realising the need to pace it - which is what I am doing now. I thought by working all hours meant I was more successful, more hardworking, more focused on achieving my goals but the reality is you need to have a balance, and manage your own expectations as well as clients' expectations. I absolutely love being an entrepreneur and could never work for anyone again. Your videos are immensely helpful, authentic and valuable.
SPOT ON!! Thank You.
Another brilliant algorithm suggestion, what a fantastic, honest overview. Thank you and wishing you an inspiring week ☕
Thank you Nischa for a honest view of entrepreneurship. I'm in the process of giving up my day job for my own business. But after watching your video, I'm currently sceptical of working on my own.
Thank you for sharing, and with personal comparisons. Good Luck in the Future!
Having been in a similar space (14 years ad agency) and now 2 years working for myself, I relate to much of what you're saying. No one tells you the truth about entrepreneurship (or perhaps you don't ask the right questions). Either way, this video is valuable, and I think you shed light on an important topic. Thanks for the transparency and vulnerability.
Thank you for sharing this perspective. As someone who's caught in-between, this was quite insightful and helpful.
Brilliant! I love your channel and I am on a similar journey from the very start. I don’t have any regrets at all & I’m glad you feel the same. Keep up the good work!
Worked for myself from young age. Self managed. So freeing being yourself, making decisions what feels right. ❤
Love this! Thanks for sharing Nischa!
I 100% agree with you. I quit my corporate job 2 years ago. I love the freedom I have now to structure my day the way I want. I get to choose.
Excellent video! I agree with you on the positives. Never have I felt more fulfilled and happy in my work than when I ran my own business. Hearing your perspectives really reminds me of just how wonderful it was. Wish I would've cherished it more at the time.
Listening to you is so much fun.
How can this much fun be so meaningful?
So true. Spot on another great video and topic. Thank you!
Been an entrepreneur for over 25 years and I would add that you need to ensure your company can run when you are not there. That is what gives you the freedom and safety net you will need if you get sick or burnout, to not ruin your finances or worse. I speak from experience as I got PTSD and now have to rebuild my company with this "restriction" on my abilities. Might actually make some videos about that now that I think about it ... :)
always happy to see a new video from you. thanks for your work
I can relate with everything in this content. The pros & cons, I truly appreciate your content
Keep going
This is great information that you don’t often hear from those touting the joys of entrepreneurship - thanks for the transparency!
Thanks Nischa for sharing your wisdom and experiences.
I must say i love the way you structure the narrative in all your videos!
And, I must say I relate so much with everything you've said :') I worked for other people for some time (not nine years), and totally agree that having the power to control my schedule, who I work with, how long I work.... is priceless
And I might have something to share upfront in the road: everything tha is currently a challenge becomes soooo much easier! It's almost pleasant after a few years developing your own business.
Again, thank you for the content, congrats for the great assertiveness and storytelling. I really admire your work :))
Love what you do and Do what you Love. As cliche as it may sound, it will bring you such fulfilment that nothing else can match
Timely video, thanks Nischa I quit my IT career last month and started my own Interior Designing business. And I love your videos and your accent.
This is a timely and very relevant topic. I can relate to what you say about never going back or giving up things you have experienced after going out on your own. You are a very intelligent and wise woman for your young years. I enjoy your channel very much and have a great deal of respect for what you have accomplished Nischa. You are beautiful, intelligent and I absolutely love listening to you. Larry, Central Valley, Ca. USA
I was typing my business plan for my start-up, and a notification for this video appeared on my phone. I appreciate your advice and your content. ❤
Thank you Nischa !
Good you pick this topic - very relevant - majority of us face and this keeps up pops up -it’s really alluring/tempting - once you think of saying good bye to 9 am to 5 pm job -or already done so-don’t trade/work for money - lets ur money works for you around the clock - the boss of urself - the owner decider of ur life/ time - no toxic/ nasty bossism any more -working/ doing the same/ monotonous work all the time - stay with ur passion- the real goal is freedom- financial and emotional freedom-the current job- is kinda corporate slavery - burn you down sold ur time life and soul -guess you are lucky- keep sharing guiding teaching others to do the same with ease and clarity - appreciated - gratitude for the same -!!
Thanks again Nischa for your transparency.
Just to add to the 'no one tells you what to do'. So true and no one tells you the amount of time that you'll really spend trying to figure things out even with all the courses that you take to help you in your journey. Most just talk about all the time that you'll have for yourself when you set your own working hours but nobody tells you that you'll have to invest a lot more time upfront to figure things out and set things in place, forget setting things in order 🤯 and most days seem like a race against time to learn everything you need to learn, to serve your client, to build your business, to take care of yourself, to take care of your other responsibilities...
Hi Nischa,I have been watching your videos since about the time you started. And I feel like I've been on a journey with you even though we don't know each other😊. You helped me change my mind financially. And thanks to you, you closed loans. Do not give up. And keep doing what you're doing❤🎉
Very honest and truthful opinion about the pros and cons of both sides. Another great video, thank you
Thank you for sharing this. Your videos are one my faves!
Thank you for such an honesty
I love your content Nischa! I also got your course! I must say that I love coming back and rewatching some of your videos in my down days! You give me the motivation to keep grinding! I have been following you since your early days and your journey is impressive! Thank you for all the knowledge you share and for motivating and inspiring us! 💗
Thank you so much for sharing! I'm at a very early stage of my entrepreneurial journey.. so hearing about your experience is very inspiring 💖
Thank you for sharing, very insightful!
nice honest comparison, hope this hobby turned job stays enjoyable and fulfilling for a long time
I love your videos not just a finance channel but as an entrepreneur that went from a job to your own self made. Really happy to see people like this ,dreams do come true
Very interesting insight on the life of a content creator entrepreneur, its good to see someone not just raving about how bad the 9-5 is!
Appreciate the honesty! There truly is always things that you won't "love" in euntreprenurship as well - its now always "highs" 😊
Thanks for the insight, great content!
As a voice actor who went full-time in 2005, I can tell you that Nischa is spot on! There are many cons to being self-employed but I could never go back to working for someone else. Great video!
As always - brilliant video. Thanks for the content
Excellent summary with insightful pros and cons. A balanced view indeed! Thanks!
Thank you for sharing!!!
Great insights Nischa!
Simply a brilliant video and channel. Very helpful.
Dear Nischa. Great video...100% confirmed as a self employed person...WE do everything! period.
Another great and insightful video, thanks Nischa
I love how it's pros and cons of your own personal perspective as opposed to trying to convince
Very inspiring yet realistic. Thank you
Great insights! Really needed to know this. Not everyone is build to work for themselves so it is to good know the pros and cons or even just what others have experienced doing both.
Love your videos but this one hit home hard. Well done and God bless your journey!
Very balanced and authentic view on both ends of the scale🤝🏾
Your content is 🔥! Great delivery and I enjoyed watching this video 👏
Thank you for being open and honest about what it’s like to being your own boss... now we know about the downsides and risk that comes with it. Thanks again for sharing your experience.
This is a great video, @Nischa. Thanks for sharing. Becoming a successful entrepreneur requires a combination of vision, resilience, and strategic decision-making.
Very cool. Just found your Channel. Very encouraged right now.
A great video per usual!
Really inspiring thanks for the sharing.
Definitely share your sentiments regarding working for a company vs for yourself .
I could listen to you read a phonebook, the voice works for me.
Heck of a leap of faith, believe in self and bravery. Not everyone will be an entrepreneur or business owner. Some people thrive and only wish to be an employee. Either way, everyone should know what they are willing to do and be comfortable with. Also strive to be the best in that position. The good news is there available resources, information and tools for those of use who choose to do for themselves.
Thank you for presenting well your experience
I fully agree on all you are saying in this video. After quitting consulting, I switched and now I am Personal Trainer. I do believe and feel that I made the right choice. However, if I could speak to myself 10 years ago, I would say "it's going to be very painful". Generally speaking, change means literally big changes in every aspect of your life (friends, spouse, money, confort etc...). In the nutshell, with freedom comes with (heavy) responsibility. It's part of the deal, everything has a price.
I’m taking the leap and starting my own marketing business. It’s a risk, but I’m willing to take it after much contemplation and current situations. I appreciate the insight and encouraging words!
Learning so much from you. I'm in the process of registering a company for my freelance photography business. Will be revisiting tor past videos for guidance and advice.
My friend has a co-worker who told her that she doesn’t like to tell new hires she trains the “quick steps” to get a job done or frankly everything it takes to do their job. She claims it was for her job security. When I heard this I was disgusted. Mostly I was disgusted because these companies pit employees against each giving us the false thinking that hard work is rewarded. And the fact this woman thought she could secure her job by essentially sabotaging others is sad. Because if that company wanted to fire her, they would, no amount of job knowledge she had over others would have saved her.
Hi Nischa, I love this video. It was a brutally honest assessment and was helpful for me also.
I have existential crisis now and then for quitting my permanent job and going for entrepreneurship. Even though I am doing way better than my job, still the thoughts dread me but every time I watch your videos @nischa I get motivated and back up on my feet all over again. Thanks for it. Really admire your content. Keep on shining. God bless you!
I am learning a lot from your videos Nicha, and I love watching your explosive growth on RUclips, you're an inspiration in more ways than you maybe know :) Respect :)
Thank you so much for having the courage to do this video. The first point you mentioned is the exact reason why I'm still in a 9 to 5: I love too much my passions to give them the burden of financially sustain me. But it's just a fact that trading my time for money, as I currently do, leaves too little time to enjoy what I really love to do. So the dilema is still here.
All the Short videos was clever ❤
A very good balanced and honest view of entrepreneurship. Thanks.
I appreciate the advice
Love your content
Thanks for sharing...going through this as well ;) Kinda sick of working for someone else, who can fire you if things get sticky in the corporate world. Been in it for a long time, IT support, they ask you to learn, learn learn, and then fire you the next year, because the books are bad, or the manager has no clue, not appreciated anymore and your carrying people. Time for me to think about me and what I want. Lots of good things to think about. thanks
Well said! This video is excellent! You hit the most critical points of entrepreneurship right on the head! Thank you for the video. ❤
I've just left my well-paid job after 11 years to pursue my dreams of being an entrepreneur. The weight that lifted from my shoulder after handing in my resignation was indescribable. No intention of looking back! Onwards and upwards🎉🥳
That`s truly the hustle, do what you are good at, not what you love
I'm from Mauritius and i appreciate your dedication courage to leave your full time job to become an entrepreneur..and the ability to make a living outside the 9 to 5 rule...
another excellent video
I love this. This makes things very realistic.ita not aome simple easy thing but it has its perks.