I post a lot jokingly taking pot shots at corporate America and promoting entrepreneurship, but the truth is, it's not for everyone.
Here are some facts about being an entrepreneur for those considering taking the leap. 1/x
➡️ Everything ultimately falls on your shoulders as the business owner. If you fail, it's your fault. If you succeed, same.
➡️ Taking vacations is difficult. As a W-2 employee, oftentimes you can have someone back you up. Not so as a business owner. 2/x
➡️ Income volatility: W2 jobs offer you a stable paycheck. You make the salary and get paid in increments. As a business owner typically revenue isn't identically as stable.
➡️ More complexity: Taxes, insurance, financial planning - all becomes more involved. 3/x
One of the most fulfilling things about being an entrepreneur is having direct control over your own destiny.
Your successes are yours & your failures are yours.
Put simply - the buck stops with you.
There isn't a maze of politics or artificial ceilings to navigate through 1/x
There are lots of layoffs that are taking place at companies across America.
Even if layoffs aren't taking place at your firm, one thing to think carefully on is what opportunities you have to grow and develop if you stay at your business. 2/x
Did you get dicked over the last time you had an annual review, and was your pay raise 3% or lower when you busted ass for the year?
Do you see your coworker that gets to the office 30 minutes later but has drinks with your boss getting promoted over you? 3/x
➡️ I post a lot jokingly poking fun at the W2 world, but seeing all of these recent layoffs especially at big name companies makes me thing it's somewhat justified
➡️ The business owners that I know that own small to medium sized businesses are all hiring. 1/x
One of the most popular phrases that you will see on SMB Twitter is the "Silver Tsunami," alluding to the massive wave of retiring baby boomers selling their businesses over the coming years.
In this thread, I am going to cover how to capitalize on the Silver Tsunami 🌊 as a prospective entrepreneur or searcher that is looking to buy a business within the coming years.
1 - Attend the ETA Conferences
➡️ There are 3 large annual ETA conferences - Harvard, Chicago Booth / Kellogg, and the Southeastern ETA conference (UVA, Duke & UNC)
➡️ Each of these conferences is filled with searchers, service providers, investors, and lenders