After graduation, do you look for work or let your business grow?

November 21st, 20072 Comments

875413_balance.jpgA college degree provides you with more opportunities, so you won’t be stuck doing the same old things you were busy with before you graduated. So, armed with a degree, do you go look for work? Or do use your new skills to expand on your current endeavors?

Go further or stay where you are. The question is best answered by assessing at your current line of work. Do you like what you are doing? And if employed, does your job make effective use of your talents? The best choice would be a balance of expectations and potential for personal growth. It’s great to learn something new, but you’ll need to be able to pay the bills as well.

What are you prepared to lose? Businesses require investment, whether it’s time, effort or money – it requires that you gamble resources. Are you sure you will be able to make ends meet with the profits? A job on the other hand, offers stable income, though you may not be able to take advantage of all your available skills. Growth is limited in exchange for stability, and there’s a certain amount of politics involved during promotions as well.

Which should be your priority? Obviously, once employed, a job takes up more time than school. If you had an existing business during college, once you get a job, you may not have enough time to maintain it. Emphasis on business may result in deductions from pay and the risk of losing your job. Focusing on the job will stunt the growth of your business. A well defined set of priorities should be set if you plan on having both.

Your goals should reflect your decisions. Choose the path that will best suit your plans for the future. Never lose sight of what is important to you and what you need to survive as well. Think about what you want and the means to achieve them. Your choices would be a lot clearer then. Which path will help you realize your plans with the least amount of risk? Or will the risks be worth it for a chance to quickly achieve your goals? Don’t lose sight of what you want to do, and base your decisions off of that. Don’t forget to plan for the worst as well.

See it through to the end. After you’ve made a choice, it’s important to have the guts to see things through to the end. Ups and downs will happen, so you have to keep yourself motivated. That’s why it’s crucial to have clearly defined goals, as well as the best course of action to achieve them. It’s easy to be motivated to work for your own business, but with a job, it might be a little more difficult knowing that there are times you may not be appreciated for your work. Still, whatever’s worth doing is worth doing well. There’s little room for regret if you did all you could. You’ll feel a lot better knowing you gave it your best shot.

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After graduation, do you look for work or let your business grow?

Joel Casarez | November 22, 2007

Great post! I’m currently weighing my opportunities as I move into my last semester. Sometimes having so many options makes it hard to decide on what it is that you want to do. I should follow your post and use my decision to follow through with my goals.

Vince Shorb | November 27, 2007

I wholeheartedly agree. Your goals should reflect the decisions you make. Yes starting a business does include risk; however living you life without doing what you are passionate about is riskier.

One way to limit your risk and still pursue your goals is to leg out of working. To clarify, you always have the option to work part-time and pursue your business part-time. As your confidence, skill sets and business income grow you can focus more and more time on your business.

The top reason businesses are not successful is because the person starting it lacks the money to see it through. By legging out you have additional time to make some mistakes, learn form them and reap the rewards.

Vince Shorb author of ‘Financially Free by 30’

Share your thoughts!!!

After graduation, do you look for work or let your business grow? was written by Froggy on November 21st, 2007 at 2:32 pm and posted in Business, College, Entrepreneur

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