Almost 7/10 people I speak with want to quit their jobs.
But, almost no one does.
The primary concern: what if I fail?
Most of us struggle to understand how to manage risk.
A thread 👇👇
1. We live in a highly uncertain & complex world.
- Jobs are getting disrupted.
- New asset classes are emerging each year.
- Macro trends like environment, energy etc are undergoing tectonic shifts.
When the world is 'changing' there is no way you can stay 'put'.
2-a) As an individual, you need to be good at calculating your risk-reward equation.
Example:
- Should you leave your job?
- Risk: you will lose your salary & identity
- Reward: you can possibly make more & create a new identity.
Now calculate:
2-b) Risk analysis:
- How much you've saved up? (let's say 100K)
- How long will this last you? (let's say 10 months)
- Can you create a new income stream in this time?
- Can you create a new identity?
- Do you consider this step to be personally and professionally rewarding?
3-a) Prepare for your bad times, in your good times.
If you lose your job and then if you try to 'manage' your situation, you are in for a rough ride.
You might have a hard time getting hired;
You might feel the pressure from family and people around.
Better method?
3-b) Always have plan A,B,C in play.
If you are working somewhere, keep scouting for better options.
Build relationships by helping people.
Learn new skills so that you have more value to offer others.
4. Summary:
As much as we worry about failures, we don't control failures; we simply control our own processes.
Being optimistic, being nice and developing strong habits like working hard are all attributes that mitigate your risk in your career and life.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
If you are unhappy with your job, it is time to do something about it.
Where do you start?
And -- more importantly -- how to build more options?
A thread:
👇👇
1/A very quick story about me:
- I started my career working with a non-profit organisation.
- While the work was great, I was just making INR 10K a month.
- This was bad, really bad. I could not even meet my everyday expenses.
My first step was to cultivate more options.
2/I had done well on the GMAT in college, so I started a small side tutoring business.
Every month, I used to get 1-2 private clients.
This 'side gig' helped me make 5X the money, I was making from my regular job.