012 WealthFast Podcast – Start a Business or Get a Job?

WealthFast Podcast show

Summary: Should you get a job or start a business? Society expects you to graduate, get a job, and live behind a white picket fence. But contrary to popular belief, starting a business is more common than you might expect. About 1 in 10 American adults are either running their own business or actively taking steps to start a business.* (Of course, that means 9 out of 10 are not). So should you launch a business? Or should you keep your day job? Here are a few questions you should ask yourself before you take the leap: Do you have any debt? Do you have a business idea already? Do you have any savings? How much business knowledge do you have? Have you ever worked in a management position? Do you have a hard time getting along with others? Do you consider yourself an active person? How many hours a week are you willing to work? Do you work best with a coach or motivator? Do you consider yourself to be persistent? Have you ever worked in a management position? Download this week's podcast to hear more tips on figuring our your next step in life. Resources: -- Check out this great article on LaTisha's website, Young Finances, that asks Should I Start a Business or Get a Job After College? -- Call Me Maybe: Dial our hotline, 770-744-0527, if you have a question or comment. We'll feature it on an upcoming episode! -- Lifestyle Business Podcast: Two entrepreneurs, Dan and Ian, share their experiences with other small business leaders. -- The Manager Tools Podcast: Learn how to become an effective manager. -- Awesome book: The One Minute Manager by Ken Blanchard and Spencer Johnson. This classic discusses productivity, wealth and job satisfaction. -- Awesome book: The Personal MBA by Josh Kaufman. Josh leads you through all the ways you can have MBA-level knowledge without enrolling in grad school. Also, check out the Personal MBA reading list, a list of 99 books you should read to gain business acumen. This Week's Think Rich Tip: Know yourself! Be honest about your strengths and weaknesses. Be realistic about your level of skill, motivation and risk tolerance. Listen to the podcast to learn more. * Source: Neils Bosma and Rebecca Harding, Global Entrepreneurship Monitor, Babson College, 2006.