Thursday, May 15, 2008

Hatching a business plan..

Learn something interesting yesterday. There are 4 main ways of earning money.
They are:
1. Employee (Where u work ur ass off for the boss. Example: the current me)
2. Self-Employed (They open their own shop and sell the things themselves example: Doctors that open their own clinic)
3. Businessmen (They make people work for them and the money come in without them doing much. 1 good example: Bill Gates)
4. Investors (They invest their money and wait for the money to grow without doing anything, i.e. They let other ppl handle their money and gain from it)

Now i shall go into the good and bad of each:
1. Good - U know how much ur getting per month. Stable income.
Bad - The amount of $ is not a lot and yes, u work ur ass off.
2. Good - U earn from both side, cuz ur the boss and the employee.
Bad - U work even more harder, and ur income dont come in when ur sick or on holiday.
3. Good - U earn a lot while doing the most minimum of job.
Bad - Its isnt easy to get to here, while doing business, its a world of the
bigger fish eat the smaller fish. Capital is needed too.
4. Good - GREAT! Money in without doing anything.
Bad - Suffer losses when economy is not doing so great and lots of funding are
needed to start.

Seems like i still have a long way to go. Now my choice is narrowed down for my degree.
If i were to cont my Chemical Engineering, i would have a more stable income but a tiring life.
If i were to choose Business, i would be gambling.

Worst, i read an article that now bosses doesnt recognize high end degree. They judge to promote u or not base on ur work experience or ur ability. Thinking of going business so that i can know more business contacts that would greatly helped me in future. I also need to greatly increase my social circle to know more people and friends.