January 27

Money, Power and Respect

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Money, Power and Respect.  Some strive for it and some don’t.  Those that do strive for it, do it in different ways.  When starting your business make sure that this isn’t the reason.   During these economic times, many businesses will be started because we were laid off or we don’t feel appreciated and respected in our current role.

I forwarded an article that I ran accross called “5 Signs That You Have a Crummy Job”,  http://www.bnet.com/2403-13059_23-208897.html.  What got my attention, besides the fact that I didn’t know people still used the word “crummy” was that it was almost exactly how my friend described his job.  Comraderie was dead, bureaucracy was the norm, innovation and motivation was at a stand still and people were scared because of lay offs and cuts.

This spurned a move from my friend to get out on his own.  The thought was, that he was doing more work for the same pay and very little respect.  He did leave recently under the premise that company would still use his services on a contract basis.  Unfortunately they reneged on that offer and now he is a little worried about the future.

We often get angry at certain situations like lay offs and the by products of lay offs.  Even if you weren’t the one laid off, who do you think needs to pick up the pieces?  This causes discontent in the organization and spurs people to act hastily when it comes to their career.

The lesson is be careful what you wish for.  If you haven’t been working on your business on the side while you are working, it may not be the smartest thing to quit your job cold turkey and then start from scratch.  If your job sucks maybe you just need a different job, not necessarily a new business.  Don’t make decisions for your business based on emotion.  Nothing good can come from that.  Start your business for the right reasons under the right context and the Money, Power and Respect will follow.

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