In Part 1 we introduced the topic of the bi-vocational entrepreneur. Let's keep thinking through that.
Here are the final 3 reasons why I don’t quit my job at the first signs of life in my business:
Did you know there is more to compensation than dollars?
Your salary may be right where you want it to be, but it’s probably not. According to a Gallup Poll in 2014, 67% of Americans were dissatisfied with their income. There are number of reasons for this. But the main reason is that you think you deserve the world for typing up those spreadsheets. The second reason is the Human Capital department at your company believes they can find a good amount of people who are capable of doing those reports for less than what they pay you. The last reason in the equation is the HR department views any benefits they provide you; i.e. 401k matching and Medical, as part of your compensation. When you add it all up it is quite a bit of money.
I’ll say one more thing on this because pay is very important when considering a job for most people. When I started with my current firm, I ensured I asked all the right questions and negotiated as best I could. I used my experience and connections from consulting to see to it that I am getting the compensation, I need for the value I am creating. Go and do likewise either with your current position or another.
Husband, Dad, Writer, Ex-Pastor, Product Manager, & Nerd