Everyone who has a job either works for someone and gets paid or works for themselves. If you have a 9-5 job, you are most likely working for someone. Anything outside of this counts as being self-employed.
Successful entrepreneurs believe the best way to make money is to work for oneself. Be your own boss and have the freedom to create, run and determine the direction your business takes. They say that it's the best way to make money and for a lot of reasons, it is.
They also tend to believe that having a 9-5 job is a bad idea for someone who has a dream to achieve. In other words, if you’re really serious about your dream, a 9-5 job will simply slow you down.
This is why you hear statements like 'Your salary is the money they give you to forget your dreams.''
Chrisjan Peters, a Dutch entrepreneur said, ‘'There is nothing wrong in having a salary if you are OK with lowering or giving up your dream(s). If you are OK with being limited in your options, you make yourself dependent of people where you have no influence over and therefore become very vulnerable’’.
This is the kind of sentiment that drives the belief that entrepreneurship is the key to becoming rich. That may be true to a large extent if we take the Dangotes, Adenugas and the Otedolas as examples. These are some of the most prolific entrepreneurs in Nigeria.
And of course, we can’t discount the fact that establishing one’s business is a faster, albeit very difficult, route to financial success.
However, in a country like Nigeria, it's more likely that you need to come from a wealthy background or have access to financial capital to become a successful entrepreneur, and therefore the idea of entrepreneurship is out of reach for the vast majority.
It’s easy for everyone to advise graduates to stop looking for jobs and start their own business, but what is the reality?
In January, 2019, the former governor of Osun State, Mr Rauf Aregbesola reportedly advised graduating students of Fountain University, Osogbo not to bother looking for jobs after their graduation. He asked them to create jobs for themselves.
What a good piece of advice from a governor that served his people for eight years!
Granted, unemployment rate is sky high in Nigeria, but advising fresh graduates to ignore their chances of getting a job or asking those who are already employed to quit their job for entrepreneurship is not the best piece of advice in a country where small business groan, fail and die due to issues like access to capital, electricity and government regulations.
You don’t have to quit your job to become a business man or woman. As a matter of fact, you can keep your 9-5 job and run another small business. Haven’t you heard about side hustle?
Again, your salary is not the bribe they give you to forget your dreams. It’s the monetary compensation you get as an employee for work done. You earn it and you deserve to have it. Don’t be deceived into believing that you can never make it by having a 9-5, not all business owners are rich, and not everybody is cut out for entrepreneurship.
If you are a fresh graduate and you stand a chance to get a job, prepare yourself and go for it. Don’t ever be discouraged by the state of the job market and work on making yourself the best possible candidate. If you’re already working, don’t be tempted to quit your job because someone says entrepreneurship is the only path to financial success.
Work your 9-5 and your business for as long as you can. Try make and save money and make sure you invest along the way. There’s absolutely nothing wrong with you working for someone and having a side hustle.
Just do what works for you and have your eyes on the bigger picture!