By: Satyendra Kumar Singh ( Asstt. Editor-ICN Group )
LUCKNOW: Just imagine of a situation where you feel that you are not earning well enough and always look for some better earning options. Then you find e-rickshaws moving around and you hunt for its business opportunity. The other moment you are tired and hungry, and you eat the local food. An idea comes to your mind, Bang! Why can’t I start my own food joint with a hefty (assumed) returns.
Everything around us seems so easy that we forget to understand the risks involved into it. We just tend to feel and act as if it is the road to success. Sparks can burn also.
The world is full of uncertainties. The radio of yesterday is a matter of yesterday only. The watch, the calculator and all other stuffs have their apps in your mobile now and hence the jobs in those sectors are under risk. The PCOs had the same fate. In coming times due to technological advancements lot of sectors are going to be shaken. Hence, looking for an alternative is a great idea but due regard has to be given to the risks involved as well.
The risks can be of legal changes or the disadvantages due to location. Jobs are considered to be safer than entrepreneurship as they fetch a regular income. But the liberty to work at own leisure, potential to earn in high figures has its own attraction. Jobs are lost due to recessions and sales are hit in your setup as well.
Still, in my opinion, the entrepreneurship is better as it has higher probability of making you richer. You can also give employment to others as well. Having learnt that, can we really afford the risks while seeing our role as an entrepreneur? If you don’t have the tendency to take risk or there are certain other compelling factors, even then go and have alternative and multiple sources of income. It means that if at a certain point of time, one source gets blocked you have income coming from other sources. This mitigates your risks of earnings as your expenditures are bound to increase due to market forces such as inflation, wants overtaking needs, growing requirements in family, health and other issues.
Those who aim and go for alternative sources have an unconventional wisdom and think beyond. In fact, everyone has their own aspirations and dreams. Everyone has certain set of unconventional thoughts. But burning the belly fat and marching on your dream-set is one of the toughest tasks. Even if your aspirations are high enough still it happens to be one of the toughest tasks.
Think of a situation where one is getting a mediocre salary. He is not happy as he is not going to meet his growing needs and hence might feel depressed. On the other side, one who is drawing higher perks has the risk of being laid off in the odd times. So, what is the solution? It is none other than coming out and think of the conventional box. If you have devoted 10 years in a job you have gained good enough experience and expertise. So, how can you put that valuable expertise so that you can earn something extra, is a point to ponder.
This extra needs extra efforts and extra time. This extra needs extra thoughts and ambitions. So plan and get ahead. You may fail. But still you learn, isn’t it? You know your potential, so plan again and move again. Understand the risks and tackle them. Go slow. Go steady. Having small earnings in the beginning is never an issue. What mattered is that you earned extra!
So think extra. Be extra-ordinary! Good luck!
