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If you have entrepreneurial blood running through you, I have some good news and some bad news.
The good news is, you’ve got a chance to build an ideal life. A life that has a purpose, that motivates you and keeps you motivated, and enables you to reach your full potential.
Sounds great? Well, hold on a second…
The bad news is, if you are destined to become an entrepreneur, then, the 9-5 lifestyle is a death sentence. You will not be able to work a normal job and be fulfilled.
Here are eight reasons why the traditional 9-5 job will destroy you.
1. You Are Building Someone Else’s Dream, Not Your Own
Farrah Gray, a successful businessman and motivational speaker, said, “Build your own dreams, or someone else will hire you to build theirs.”
The root of this terminal symptom is lack of control. All the work that you do when you are working full-time is not directed towards your own life vision or your own ideal, its used to build the company – to increase your boss’s paycheck.
When you are building someone else’s dream, you are just another part of the machine. If you’re meant to be an entrepreneur, then you’ll have a deep desire to break free and build your own machine.
2. You Are Paid Less Than You Make
A business must profit off of you to justify employing you. A business seeks to make a profit, and they can’t do that if you are losing them money or breaking even.
On paper, you might be getting $48,000 a year, but you may be making the company $100,000 a year. Top salespeople can make over $400,000 in commission every year, but that means they’re making a lot more for the company.
The scales seem titled, don’t they?
As an entrepreneur, you get the whole pie, instead of “graciously” being given a slice by your employer.
3. Your Creativity Is In Danger
Entrepreneurs are powered by their creative muscle. New ideas, innovation, and efficiency all have their root in the creative mind of the entrepreneur.
When you work a job that bores you, doesn’t stimulate you, and that’s not aligned with your life vision, you are letting that creative part of you wither into misuse. Weightlifters can’t take three months off the gym and still expect to perform at their best.
Creativity is a muscle, and if you stop using it you will find ideas come slower than they did before, and suddenly the vitality you had for trying new things leaves your system. And then you are left working your job, being the one guy or girl who had great ideas, a long time ago.
4. Working Full Time Means Working Predictably
The nature of 9-5 work is that it’s predictable. You know where you will be today, tomorrow, and the next day. You know who will be there, what needs to be done, and when you can clock off and leave.
The business that employs you will try and make you predictable as well because big businesses hate uncertainty. Grow, but only in the ways that they want you to grow. Be productive, but only if it relates directly to work with an immediate return on investment.
It’s not evil. It’s just the way things are. If you are looking for a constant challenge, for something that is aligned exactly with who you are as a person, then a traditional 9-5 will destroy your entrepreneurial spirit.
5. Stability In The Short-term, Unemployment In The Long-term
Having a fulltime job may sound like a stable idea for most people, but the world is changing.
Automation and technology are already putting entire industries out of work, and there is no sign of that trend stopping. Foxconn, the manufacturer of Apple products, has about 40,000 manufacturing robots deployed according to Fortune and they’re working to create even more.
Simple, repetitive jobs are on the way out, and there is even talk of cab drivers, delivery drives and pilots being put out of work by automation as well.
If you are not employed because of your unique and personalized skills, your job position might not exist in ten years’ time. But for some entrepreneurs like Nina Leonard, losing your job is what you need to break the chains and follow your dreams.
6. There Is No Choice In Who You Work With
When you build your own business, you automatically attract those in your industry and those who share a similar mindset to you.
When you work a full-time job, especially if you are not made to work full-time, it’s the luck of the draw. Like a school project from hell, you will be stuck with whoever is working alongside you.
7. Your Progress Is Capped
Let’s say you’re an expert at what you do. The best in your company. How much extra can they pay you? An extra $20,000 a year? An extra $40,000?
You can be rewarded, but there’s a cap.
When you start your own venture, there is no cap on how much money you can make, how successful you can be, and how much freedom you can have. Instead of a glass ceiling, the sky is your limit.
8. There Is No Ideal Job Out There For You Because You Must Make Your Own
Everything we have talked about leads back to this. Let’s be realistic, there are several great jobs out there. You can find positions where your work is valued, where you can excel, and where you can work alongside brilliant people.
But, in the end, if you are meant to be an entrepreneur, then there is no ideal job for you.
It doesn’t exist out there. It’s within you and you must create that value. The leap can be a scary one, but the rewards are well worth it.
Don’t let the 9 to 5 destroy your entrepreneurial spirit. If you have creative, idea-pumping, business-creating blood in you, then you owe it to yourself to rethink that traditional 9-5 job.
More Reasons Why a 9-To-5 Job vs. Entrepreneurship Is No Contest
With all the reasons that make a 9-to-5 job anathema to entrepreneurs, there are still many that don’t mind the 9-to-5. They themselves may still be gainfully employed and engaging in a bit of confirmation bias, but entrepreneurship and entrepreneur work just makes sense for people that like the challenge, don’t mind taking the initiative and that want to get more out of their days working.
In fact, instead of the common misunderstanding that entrepreneurs often work for free, it’s true that entrepreneurs have the highest earning potential of any career path. Even superstar athletes that make millions on the court or the field have realized that expanding their offering and increasing their revenue streams can yield riches far exceeding what brought them their fame and money in the first place.
Here are a few more great reasons to ditch that 9-to-5 job for entrepreneurship:
Several Retirement Options
Most people have hitched their retirement money to the company that they work for. The company might match their contribution, which is great, but individuals aren’t given much free range when it comes to the money that they hope to live off of some day. Worse yet, if the company mismanages the money or does something nefarious with it, they could be left without a nest egg when it’s too late to do something about it.
With the ability to sign up for a SEP IRA or a Roth IRA, entrepreneurs have both pre-tax and post-tax ways to save for your retirement. SEP IRAs also allow you to save up to a quarter of your entire yearly income up to about $50,000, which is significantly more than traditional avenues. Even a Roth IRA allows up to $6,000 in post-tax contributions, meaning that when it comes time to take disbursements or withdraw your money, you’ll owe no tax at all.
If you’ve ever worked a normal 9-to-5, you’re likely familiar with the term paid-time-off or PTO. For those that are unaware, PTO is basically time that you can use whenever you’re sick or you want to take a few days off for a quick vacation. But even after years, you might only have a week or two of PTO, meaning that you’d need to squeeze every last bit out of it to fit in a few sick days and a vacation each year.
As an entrepreneur, you’ll be able to take PTO whenever you want. If you’re caught up on work and you want to take the afternoon or the next few days off, go for it. If you want to block off the entire month of December for a relaxing staycation or for some extended time with family or friends, you can do that, too. When you’re your own boss, anything goes as long as you’re meeting your normal obligations — and you won’t ever have to play the part just because the clock says it’s between the hours of 9 and 5.
Flexible Healthcare Options
With the passage of the Affordable Care Act, what was once a truly problematic issue for the self-employed is now relatively straightforward. Since just about everyone’s health care comes from their 9-to-5 job, entrepreneurship used to have to grossly overpay for individual coverage plans while most workers reaped the benefits of low group rates.
Today, entrepreneurs make healthcare work for them by purchasing coverage on the open market. Since preexisting conditions are no longer a barrier, you won’t have to worry about going uncovered just because you don’t want to go in for a 9-to-5.