What would you do if money was not a concern? Travel the world? Start making music? Enrol in a painting class? Devote all of your energy to the side project you’ve been passionate about for the last 4 years?
If your bills were covered, would you go to work next Monday? Most people I know wouldn’t. But few of us have this option – don’t rock up on Monday and we’re told not to bother coming in on Tuesday. With rent to pay, bills outstanding and for some, a family to feed – losing that job seems disastrous.
If you haven’t already heard, the end of jobs is nigh. The world is now rewarding individuals willing to take a punt at starting a business and as painful as it is, punishing those that aren’t ready to adapt.
It’s claimed that 69% of Americans have less than $1000 in savings. We hear similar stats coming out of Australia, UK, Europe and elsewhere. Psychologically, would you be confident quitting your job and starting a business with less than a grand in the bank? I know I wouldn’t.