- Get the fuck out!
If you are stuck in the rat race, or the corporate trap,
and you have got dreams of creating your own business,
of starting something for yourself, of being independent,
but you feel yourself going around in a circle
inside of your current day jobs?
This is the video that you need to watch.
(ambient electronic music)
Do you know what?
The rat race, the corporate trap.
Oh my God, this is absolutely something to avoid.
I hear people say to me, quite often actually,
or when I talk to people they say, "One day, in the future,
I want to start my own business.
It's something I want to do. Why not now?
I want to build up experience, and then maybe later
I'll actually start my business."
Now, I think there are certain businesses,
certain industries, where you really do need
a certain level of technical skill.
So it very much depends on what you want to do.
But I would argue that, if you're starting a business
which requires you to have some specific technical skill,
then you're probably not starting a business.
You're probably starting your own practice,
or being a contractor, whereby you'll still require
those technical skills.
If you still require those technical skills,
that means you're still working in your business,
rather than not actually creating the business, is my view.
And so I don't think that
the technical expertise, is necessary.
If I want to start to build a company
of development managers, for example,
I don't need to be a development manager myself,
unless I want to be in the role of development manager
in that business I create.
But then if I'm working as a development manager,
I may as well have a job with a bigger company, right?
And so this whole idea of getting experience
before starting a company,
I really think is a bit of a red herring.
And for me, I find what happens is...
My journey was, I went into banking when I was quite young.
So I was fortunate enough to have
actually been headhunted to join Deutsche Bank.
Not headhunted. That's not true.
I was fortunate enough to have been selected
to have joined Deutsche Bank when I was 18
as an assistant to the chief UK economist
because I have really, really great results in economics.
And up until that point, I always thought
I want to do something in business or finance,
and everybody knew what it was.
But, through my journey in time with the bank,
I started to understand, that actually
I really wanted to do my own business.
And for me, what I could see was, I was coming in with
all this energy as like a 18 year old back then,
and then post university, you know, 21 whatever.
All of this energy, all of this drive,
all of these ambitions, all of these dreams.
And then I'd speak to people who were older than me,
and had been in banking for five years, ten years,
and they had these dreams.
Five years, ten years ago, they came in saying,
"You know what? I want to be here for a while,
get some experience, then I'll start my own business."
And then later, "Just a few more years experience, and I'll
start my own business."
And then later again, they kind of just,
"Yeah, you know, I kind of thought of starting my
own business one day, but you know, in the past,
but it's not really something for me anymore."
Of course it not something for you!
You've just spent the past five, ten years of your life
being in this enclosed environment.
And, a few things happen as we get older, right.
If you're in a job, and if you're in a career,
and you're sort of relatively successful in that career,
your salary is going to start to increase.
And bit by bit, whether it be week by week,
or month by month, or year by year,
you are going to become accustomed to that lifestyle.
You are going to be spending some of that money.
You are going to end up with a mortgage.
You're going to end up with getting married, getting kids,
whatever, because you've got a stable lifestyle.
Now all of those things reduce your ability
to take the risk of stepping out.
And when you're young, when you're 21, 22,
you haven't got any of those responsibilities.
I always say to people, that when you're younger,
time is now.
And if you've already kind of missed the boat, if you like?
The time is still now, because the more you wait,
the more harder it's going to get.
It's just like an extended form of procrastination.
And I don't think that
this whole idea of experience is actually necessary.
Because when you start your own business,
you're not going to be using development manager skills,
or whatever your skillset is, to create that business.
You might be using contacts, you might need a little bit
of knowledge to have an informed conversation.
But those are not the skills
that are gonna enable you to create the business.
The skills that'll enable you to create the business
is raw hustle, it's an entrepreneurial flair,
it's a drive, it's a determination.
It's a relentless commitment to succeed.
And that stuff, you can't learn that from anyone.
You can just go out there, practice, immerse yourself,
and develop that skillset for yourself.
So, how not to get caught in the rat race,
or get caught in the corporate lifestyle?
Just get the fuck out.
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In the mean time, keep smashing it, keep pushing it,
and I'll see you in the next video.
(ambient electronic music)