In today’s episode of The Startup Chat, Steli and Hiten talk the idea of wanting to be an entrepreneur because you don’t want to work for other people.
This comes after Steli spoke at an event for students about career hacks. Steli points out that the whole idea of working for yourself is an illusion as being an entrepreneur means that you not only work for your customers, you work for your staff, and even worse, you work for yourself - probably the worst boss in the world.
Tune into this week’s episode of The Startup Chat to hear Steli and Hiten’s point of view on the subject and highlight issues that can come up when you’re an entrepreneur.
Time Stamped Show Notes:
00:39 Why this topic was chosen.
01:29 One of the questions that Steli asked at the event.
02:33 Why being an entrepreneur means that you're also working for other people.
03:51 Hiten points out that everybody works for themselves.
04:46 Why we are all our own bosses.
05:01 The right mindset to have.
06:50 Why believing that you can’t work for other people is a wrong mindset to have.
07:40 Why you should choose the part that works best for you.
09:02 Why it’s ok to have a job.
3 Key Points:
If you want that ultimate feeling of being your own boss, then start your own thing.
Everybody works for themselves.
I’m here on this planet to improve myself.
Steli Efti: Hey everybody, this is Steli Efti.
Hiten Shah: Okay, and this Hiten Shah.
Steli Efti: Today, on the Startup Chat, I want to talk about this concept of not working for other people when you're an entrepreneur. So here's the deal, Hiten. I spoke at an event the other day, and this was a bit of a different event that I typically speak at. It was run by very good friends of mine, that's why I stopped by to do this. Because the majority of the audience were actually students in their final year or so of study. But it was an event about career hacks, so a bunch of people that were quote-unquote successful came to speak about their career and what young people could learn from it. And I was like, "What the fuck do I do here? I never had a job or a career, and probably everything I'll tell you is going to make these young people that want to go out there in the world and have these amazing jobs in large companies, probably make bad choices." So one of the things that came out of that talk that really made me think and made me want to talk to you about, was that at some point ... I was at the beginning of my talk just to understand the audience better. I asked the audience ... I queried the audience on a bunch of things. So I'd ask for age and people had to raise their hand. I asked for interests. I wanted just to understand better who was in the room. And one of the questions that I asked, poorly formulated probably was, "Who here wants to work for other people," right, versus wanting to work for themselves. And a bunch of people raised their hand and whatever. And then the first person that asked me a question was, she said, "Hey Steli, in the beginning you asked who wants to work for other people. I raised my hand, but I kind of felt bad about it, because I thought that you probably judge this. You know, you've been an entrepreneur your whole life. You're a founder, you're so successful. And so you look at me as somebody that just wants to get a great job and work for somebody else, and you look down on that. I sort of felt conflicted. So what is your opinion on people that want to work, have a real job, and work somewhere else? Do you think these people are not as ambitious? Would you advise me like to maybe change my mindset? Maybe this is limited thinking, and I should only want to work for myself." I was shocked about the question and grateful that she asked it, because that was not really my intention.