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'Quit Your Day Job Is Garbage Advice' (cnbc.com)
An anonymous reader shares an article: While Daymond John was building his clothing line FUBU, which would evolve into a $6 billion brand, the entrepreneur was living on the tips he made waiting tables at Red Lobster. "I was working at Red Lobster for five years as a waiter as I was running this business," the Shark Tank star said at the iConic conference in New York City on Wednesday. At first "it was 40 hours at Red Lobster and six hours at FUBU. Then it was 30 hours at Red Lobster and 20 hours at FUBU, because money started to come in." Even after FUBU started to take off, John continued waiting tables. He wouldn't do things any differently if he could, he told the audience on Wednesday: "Don't quit your day job. [...] Let's say I was making an average of $40,000 a year," he continued. "After five years, that's $200,000 of salary. I would have had to sell $1 million more worth of FUBU product to bring home the $200,000, but I didn't have to do that. I just had to sacrifice time."
Most billionaires probably have garbage advice, once you separate out the survivor bias. That said, this tidbit makes more sense than most.
Never follow your passion, but always bring it with you. -- Mike Rowe
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There are only two things I can tell you today that come with absolutely no agenda. The first is “Congratulations.” The second is “Good luck.” Everything else is what I like to call, “The Dirty Truth,” which is just another way of saying, “It’s my opinion.”
And in my opinion, you have all been given some terrible advice, and that advice, is this:
Follow your passion.
Every time I watch the Oscars, I cringe when some famous movie star—trophy in hand—starts to deconstruct the secret of their success. It’s always the same thing: “Don’t let anyone tell you that you don’t have what it takes, kid!”; and the ever popular, “Never give up on your dreams!”
Look, I understand the importance of persistence, and the value of encouragement, but who tells a stranger to never give up on their dreams, without even knowing what it is they’re dreaming? How can Lady Gaga possibly know where your passion will lead you?
Have these people never seen American Idol?
Year after year, thousands of aspiring American Idols show up with great expectations, only to learn that they don’t possess the skills they thought they did. What’s really amazing though, is not their lack of talent—the world is full of people who can’t sing. It’s their genuine shock at being rejected—the incredible realization that their passion and their ability had nothing to
do with each other.
Look, if we’re talking about your hobby, by all means let your passion lead you. But when it comes to making a living, it’s easy to forget the dirty truth: just because you’re passionate about something doesn’t mean you won’t suck at it.
And just because you’ve earned a degree in your chosen field, doesn’t mean you’re gonna find your “dream job.”
Dream Jobs are usually just that—dreams. But their imaginary existence just might keep you from exploring careers that offer a legitimate chance to perform meaningful work and develop a genuine passion for the job you already have. Because here’s another Dirty Truth: your happiness on the job has very little to do with the work itself.
On Dirty Jobs, I remember a very successful septic tank cleaner, a multi-millionaire, who told me the secret to his success:
“I looked around to see where everyone else was headed,” he said, “And then I went the opposite way. Then I got good at my work. Then I began to prosper. And then one day, I realized I was passionate about other people’s crap.”
I’ve heard that same basic story from welders, plumbers, carpenters, electricians, HVAC professionals, hundreds of other skilled tradesmen who followed opportunity—not passion— and prospered as a result.
Consider the reality of the current job market.Right now, millions of people with degrees and diplomas are out there competing for a relatively narrow set of opportunities that polite society calls “good careers.” Meanwhile, employers are struggling to fill nearly 5.8 million jobs that nobody’s trained to do. This is the skills gap, it’s real, and its cause is actually very simple: when people follow their passion, they miss out on all kinds of opportunities they didn’t even know existed.
When I was 16, I wanted to follow in my grandfather’s footsteps. He was a skilled tradesman who could build a house without a blueprint. That was my passion, and I followed it for years. I took all the shop classes at school, I did all I could to absorb the knowledge and skill that came so easily to my granddad.
Unfortunately, the ha
Like any from anyone who "made it big". And it's not even that they try to deceive and mislead you because they don't want you to succeed.
Any time one of those self-made billionaires tells you how he made it and what to do, you're essentially listening to someone who won the jackpot in the life lottery telling you the numbers he played. At the same time, you could ask a thousand people who didn't make it who will tell you exactly the same, but they just didn't have the luck to be at that right place at the right time that this guy was.
That what he did worked for him at that time when he did it is obvious. Just like playing those numbers on that day worked for the lottery player. You will not reliably repeat this by doing the same, for this too many variables changed in the game. Even if there was no FUBU today, opening a chain like this today would fail simply because the market changed and there is no longer the amount of young people with expendable money, just to name one factor that makes or breaks this business.
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
Most can't, and then get told they're a failure as a human being when they can't. The worst thing is lots of them believe it. That's where the race to the bottom starts.
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But if your day job is coding, you can work on your startup code at your day job. Even if your boss walks by, he is just going to see a screen full of code, and assume you are working hard. I did this for six months, and then right before I quit I got a glowing performance review and a raise. They never realized what was actually going on.
So basically you were stealing from your employer for 6 months. Bravo!
Maybe your mommy never taught you this, but rule as to whether an action is moral is not whether you can get away with it.
The ,main reason people don't/can't move is the actual cost of moving.
The average cost is about $5,500.
How many broke motherfuckers you know that have that much in the bank they can just drain so they can pack up and move?
Still waiting on Serviscope_minor to wake up to fucking reality and realize that Jessica Price isn't going to fuck him.
Lump-of-labor is a good 96% approximation. Globalist scabs and investors who reject it could smash-faced and/or shot-dead with great benefit to the workers ... there's a war going on pad're. Better start shooting, cause the elites are picking you off.
And I am not his mom or his best bud.
Startups are simultaneously a lot of fun and as depressing as shit because most of you (99.9%) will fail and by the time you admit that you're burned out and lost all confidence. If you don't have something to put the breaks on you'll keep hacking even though your smarts and quality of work turns to shit and you don't realize it.
In the morning your brain is fresh, but by late in the day your brain has turned to mush anyway. A job without much responsibility is a relief. You can pay the rent and stop worrying about that. Hang out with coworkers which will likely be mostly nice because few crave aspire to keys at the Red Lobster executive washroom so without the backstabbing that takes place in startup land - (don't claim you know a man until you've worked in his startup!), and you remind yourself there is life during and after startup. And when you do get back to work the next day, your brain is fresh.