Episode 7 ⋅ 6th April 2021
Is Starting a Business Really Worth It?
Every millennial these days wants to create a passive income and a side hustle. The idea of making money sounds attractive, but what is the reality that comes along with it? Starting a business is so much more than simply reserving a URL or an Instagram handle. Is it really worth all the time, stress and financial commitment?
Overview:
With the challenges of the last year, 2020 has shown us that life is too short to live in your day job if you're unhappy. But how do you decide whether to pursue an idea and take the leap into becoming a business owner?
What's in the episode?
In this episode, Cat and Christine dive into the pros and cons of financial comparison. When it can be helpful and when you need to just remove yourself from the temptation of comparison with others.
Specifically, we cover:
- Side hustle vs serious venture – what's the difference?
- The average age of the successful entrepreneur
- Recognising what your skill set is and that not all of us are destined to be founders!
- How you can be involved in a business in other ways – both financially and with your time
- There's power in being successful in your 9-5 and other ways you can benefit from a business' success
- What is an employee share options plan, negotiating other benefits and joining businesses you believe in
- Re-framing business failures in other ways and the key take aways we've learnt
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