Entrepreneurship Versus Steady Job
You have a steady job with a good income, but your passion is to open your own business, which requires you to leave your current job, and you have to spend a lot of money on opening a business. You have both options.
If you are choosing a steady job instead of opening a new business, then your opportunity cost will be not having the work you wanted and maybe success because of the new business. If you start your business, the opportunity cost would be a steady job and a regular paycheck.
36
357 reads
CURATED FROM
IDEAS CURATED BY
Opportunity cost examples that provide an outline of the most common Opportunity Cost.
“
The idea is part of this collection:
Learn more about moneyandinvestments with this collection
The impact of opportunity cost on personal and professional life
Evaluating the benefits and drawbacks of different choices
Understanding the concept of opportunity cost
Related collections
Similar ideas to Entrepreneurship Versus Steady Job
How to Change Job Fields
- Decide What Field you want to work in.
Learn what additional training you will need to transition.
Consider shadowing someone at the job for a day or two.
Consider how the pay and time commitment for the new position will a...
Before Quitting Your Day Job
Keep your day job until your side hustle is providing you with a sustainable, growing cash flow that exceeds 75% of your day job income, so you can increase your chances of success.
Moreover, have at least six months worth of savings for both personal and business purposes....
"Everyone should have a side hustle. Even if you love your job., having more than one source of income will give you more freedom and more options."
CHRIS GUILLEBEAU
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates