Nihilist:
This article is so wrong I dont even know where to begin

1. The average employee typically works a 5 day week or roughly 20 days in month. I completely disgree with the premise of the OP's dubious calculations, but even if the calculations were grounded in some sort of logic, shouldn't the OP be dividing by 20 instead of 30?

2. The OP also misses the point by comparing an employee and his steady income to Hawkers,Truckers etc with their irregular cash flow. Again I doubt the veracity of his stats with regards to the earnings of hawkers, truckers and co, but even if the stats were true, The OP still fails to consider that even though the Hawker could earn 2000 Naira in a day, he/she is not guaranteed an income of 120k per month unlike the Banker

The crux of the OP's assertion is Business Owners have the potential to earn more than employees. The OP fails to consider the level of risk that these entrepreneurs are exposed to.

For the vast majority of people, it is better to go to work and be guaranteed your 300k monthly salary jejely, than to go and out hustle with no true knowledge of when the next paycheck is coming.

You spoke my mind, These kind of articles come from people who have done shoddy research. The Op assumes everyone must be an enterpreneur if so then who will the enterpreneur empoy? Fact is we all won't have white collar job and we all wont be enterpreneurs. Its the harsh economic conditions that make Nigerians reason like this, how can the Op say a Truckpusher is better off than a banker?
Besides the Op only calculates the earning of the Pure Water seller, truck pusher etc and not their profit. The thing is most of them incur about half of their earnings in cost while most office workers incur only transport cost. To me , the Op is so wrong.

simieoni:

u only talk like a man who is scared to face d realities of life....

Oga, you don't have to chastise him for stating his personal opinion. Afterall, it's his personal opinion.


The great British writer Doris Lessing once opined; 'Think wrongly if you please, but in all cases, think for yourself'. I as a person for instance once taught in a school where I was being paid handsomely, but because I don't have passion for the job, I had to quit to become a make-up artist. Not because of the opportunity of earning better, but because I want a creative but flexible work.


Bottom line is 'One should engage in any job that one has the passion for'. So long as you're content with the working conditions, proximity, and your income. What else? Must everyone become an entrepreneur?


Peace!

The analysis is shallow and wrong.

The salary earner that earns 300k monthly should be compared to a business owner that earned 300k profit after all regular deductions were made...

For a pure water seller to make 300k profit, he must be really big time.

OPs analysis is not deep enough.

majekdom2:
OP, get this into your own head.... Not everyone works for the money. There is something called passion and that's is joy in what you are doing. Did you remove the value of cost/ operational expense from the hawker and driver and whatever you mentioned up there?

Passion can only take you soo far. If your passion isn't financially rewarding, you sef go frustrate and you know it. And if your passion is useless to your immediate environment, you're on a long thing.

e.g.: having a passion for rearing pigs and making bacon is totally futile in a predominantly Islamic society.

jeffucee10:



Oga oya work for passion and let that your so called passion feed you....At the end of the month no collect salary ooooo. Mr. Passion

yea, am working where I am happy. I check around for better opportunities in the same industry. It's as simple as this, not everyone thinks and reasons as you do. There is that satisfaction you get by doing what you have got interest in. Why have you not started hawking or driving a danfo? Will you use your teeth to get the goods or the danfo to be driven?

join the movement

housestark:


Passion can only take you soo far. If your passion isn't financially rewarding, you sef go frustrate and you know it. And if your passion is useless to your immediate environment, you're on a long thing.

e.g.: having a passion for rearing pigs and making bacon is totally futile in a predominantly Islamic society.

that's why you have to check where you passion is feasible. It's common sense. It applies to businesses. My point is you can't be successful if you have not got interest in what you are doing. Success is not measured by amount of money or being an entrepreneur. Majority are in a line of business today because they hear it is paying not because it interest them. Thus, the reason some businesses fail in a short time. There is no way you can get that " far " and it won't be rewarding.

ePlanet:



R u rather advising the soon to be graduates to; instead of creating jobs n empowering lives,they should fold their arms, carrying files from one company to d other or submitting numerous applications online ( burning their lil cash on data bundle) n not getting called for interviews?

U were created to create n enrich lives not to aquire n hoard.
Entrepreneurship is the way forward.
Help the country help others.

For every penny oil company pays u, they suck ur blood.
Why wud u seek to work in an oil company when u can own D Oil Company?
Know that IF YOU DON'T BUILD YOUR DREAM, OTHERS WUD PAY YOU PEANUTS TO HELP BUILD THEIRS.

#justthewayeriz

People still have life ambitions u knw, ppl still want to practise their field of endeavours as many and diverse as they are. Also there are career paths in those things and I used oil company as an example because the op used it. There are many fulfilling and we'll paying careers in IT, academics, oil and gas, hospitality, food and beverage industries, pharmacy, just name it. Note that I pointed out the wrong notion that thr are no jobs. Truth is there are jobs out thr, many may not be so well paying but I have never despised humble beginnings. Working for someone can also give u insight and experience into establishing ur own dreams. Hey, dnt get me wrong, I'm not saying they shud just wait till they get well paying jobs, I'm just trying to dispel the notion that anyone still looking for job is foolish, no! Thr are many firms out thr and if u work ur way to the top, with astute business sense, u will also be very wealthy and fulfilled. Graduates should not shy away from practising in their fields just because of the notion that there are no jobs. Be positive. There are jobs, it's up to u to grab any opportunity u get.

This got me thinking. . .entrepreneurship is the key.

Rolings:


You spoke my mind, These kind of articles come from people who have done shoddy research. The Op assumes everyone must be an enterpreneur if so then who will the enterpreneur empoy? Fact is we all won't have white collar job and we all wont be enterpreneurs. Its the harsh economic conditions that make Nigerians reason like this, how can the Op say a Truckpusher is better off than a banker?
Besides the Op only calculates the earning of the Pure Water seller, truck pusher etc and not their profit. The thing is most of them incur about half of their earnings in cost while most office workers incur only transport cost. To me , the Op is so wrong.

My brother, 3 gbosas for you.

The Nigerian Economy has to be the harshest environment to run a business in.

Generally speaking, if you don't have a lot of capital and contacts(Especially Contacts), your start-up business is very likely to fail. The economy is tanking and the Naira is dropping faster than a Festac girl's pants in 2baba's bedroom.

The hurdles facing would-be entrepreneurs are so numerous that it is actually more expedient to seek a salaried job and invest the capital in property.

Why is it Dat it is only ugly girls that upload pics on naira land

ExInferis:
There's a difference between salaries and wages. Whoever is earning salary usually has some other benefits. Bank employees and oil company workers also earn bonuses, grants, loans, vacation, health and other packages.

Wage earners on the other hand have just their earnings and that's it. Salaries are guaranteed while wages are dependent on revenue.

In the US most people prefer salaries to hour rates, which are just wages.

It's except the bank employees are staff of a bank.Otherwise,there are no benefit only salaries.

I think the place that got to me is that, during times of financial need in families, the white collar is always called first.

I can still remember a bus driver that told my mum that in a month he makes almost 200k. He had 2 kids in Uniport and was living in his own house.

People are beginning to engage their heads in productive thinking.
I did my analysis and found out I earn over 30k per day from my job while my side business gives me 1.5 times my daily salary.
I intend to double my daily salary from my business come 2016.

Good write up OP but truly, not everyone is cut out for business and business earning is not as regular as salary. The risks in business cannot be compared to that of being employed.

Nihilist:
This article is so wrong I dont even know where to begin

1. The average employee typically works a 5 day week or roughly 20 days in month. I completely disgree with the premise of the OP's dubious calculations, but even if the calculations were grounded in some sort of logic, shouldn't the OP be dividing by 20 instead of 30?

2. The OP also misses the point by comparing an employee and his steady income to Hawkers,Truckers etc with their irregular cash flow. Again I doubt the veracity of his stats with regards to the earnings of hawkers, truckers and co, but even if the stats were true, The OP still fails to consider that even though the Hawker could earn 2000 Naira in a day, he/she is not guaranteed an income of 120k per month unlike the Banker

The crux of the OP's assertion is Business Owners have the potential to earn more than employees. The OP fails to consider the level of risk that these entrepreneurs are exposed to.

For the vast majority of people, it is better to go to work and be guaranteed your 300k monthly salary jejely, than to go and out hustle with no true knowledge of when the next paycheck is coming.

i strongly disagree with you, every bussiness should grow hence the hawlker who dreams and works towards it will definately become a shop owner, and with time open more shops and become an employer. I am a civil servant and i no its not easy starting a bussiness but patience and determination worked for me and i'm happy and still hoping and working so that i can retire young when i would have fully develope my bussiness and become an employer.

Edoblakky:
People are beginning to engage their heads in productive thinking.
I did my analysis and found out I earn over 30k per day from my job while my side business gives me 1.5 times my daily salary.
I intend to double my daily salary from my business come 2016.

Good write up OP but truly, not everyone is cut out for business and business earning is not as regular as salary. The risks in business cannot be compared to that of being employed.

Very sensible and mature contribution. Thank you.

dearpreye:


Very sensible and mature contribution. Thank you.

You are most welcome brother!

Nihilist:
This article is so wrong I dont even know where to begin

1. The average employee typically works a 5 day week or roughly 20 days in month. I completely disgree with the premise of the OP's dubious calculations, but even if the calculations were grounded in some sort of logic, shouldn't the OP be dividing by 20 instead of 30?

2. The OP also misses the point by comparing an employee and his steady income to Hawkers, Truckers etc with their irregular cash flow. Again I doubt the veracity of his stats with regards to the earnings of hawkers, truckers and co, but even if the stats were true, The OP still fails to consider that even though the Hawker could earn 2000 Naira in a day, he/she is not guaranteed an income of 120k per month unlike the Banker

The crux of the OP's assertion is Business Owners have the potential to earn more than employees. The OP fails to consider the level of risk that these entrepreneurs are exposed to.

For the vast majority of people, it is better to go to work and be guaranteed your 300k monthly salary jejely, than to go and out hustle with no true knowledge of when the next paycheck is coming.

I was about saying this as well. In as much as I rep business, this analysis is not so true. The Hawkers he mentioned is relative as we do not know the types of hawker he is talking about. He also forgot that even if the hawker makes 2000 per day, the same hawker might not make more than 500 for the next 3 days.

I do not conform to your last line. To move our economy forward, we need to move away from being salary dependent and seek for greener approaches which will stimulate development, technologically and socially which will eventually boost the economy.

The Op forgot to add the other emoluments/benefits that full time salary earners get. Things like housing allowance, transport( official car or staff bus), Paid vacation, hazard allowance etc. #justsaying

The hard truth here is Majority of those that rant and talk down guys with jobs are actually jobless. Deep down they wish they had a job. why don't you encourage people in whatever they do and we will move to greater heights. The developed countries don't go about being critical about any type of labour. Tell me if you get a job of your interest with 1m monthy pay as a graduate you will resign to go start a street hawking business. Of course, everyone knows it's wise and very good to have an extra source of income. We don't need to hear that, we know money can never be enough but please don't advise people to get out of their jobs if the business can't offer them double of what they earn.

Nihilist:
This article is so wrong I dont even know where to begin

1. The average employee typically works a 5 day week or roughly 20 days in month. I completely disgree with the premise of the OP's dubious calculations, but even if the calculations were grounded in some sort of logic, shouldn't the OP be dividing by 20 instead of 30?

2. The OP also misses the point by comparing an employee and his steady income to Hawkers,Truckers etc with their irregular cash flow. Again I doubt the veracity of his stats with regards to the earnings of hawkers, truckers and co, but even if the stats were true, The OP still fails to consider that even though the Hawker could earn 2000 Naira in a day, he/she is not guaranteed an income of 120k per month unlike the Banker

The crux of the OP's assertion is Business Owners have the potential to earn more than employees. The OP fails to consider the level of risk that these entrepreneurs are exposed to.

For the vast majority of people, it is better to go to work and be guaranteed your 300k monthly salary jejely, than to go and out hustle with no true knowledge of when the next paycheck is coming.

You beat me to this Sir.
You can't compare a hawker to a 60k a month earner.
Do you know wat it takes to hawk under the hotness of the sun, cross busy roads.
Do you know the kind of drugs these guys take daily.
They will quickly jump into the prospect of earning 50k monthly than hawking

Bluffly:


I was about saying this as well. In as much as I rep business, this analysis is not so true. The Hawkers he mentioned is relative as we do not know the types of hawker he is talking about. He also forgot that even if the hawker makes 2000 per day, the same hawker might not make more than 500 for the next 3 days.

I do not conform to your last line. To move our economy forward, we need to move away from being salary dependent and seek for greener approaches which will stimulate development, technologically and socially which will eventually boost the economy.

My last line was merely explaining the rationale of most people out there especially as it pertains to starting a business in Nigeria.

I don't think a lot of people appreciate how truly bad things are in that country. The sectors that don't seem to be suffering the consequences of economic stagnation are those involving the industries of escapism - Alcohol\Tobacco, Gambling, and Religion

gunners160:
Hmm,this is indeed captivating and an eye opener. ABEG MAKE TOPIC LIKE THIS DEY MAKE FRONT PAGE AND NT ALL THOSE TOPICS LIKE: Davido and Olamide who rock the mad jeans beta,Davido sips kunu b4 going to a meeting,Tonto Dike kisses her gay husband etc.Internet should be a positive source of information and not all for all those nitwit topics.

lmao...whch one b gay husband again

Love Machine:
It's except the bank employees are staff of a bank.Otherwise,there are no benefit only salaries.

employees and staff mean the same thing in the HR context. The difference is between employees/staff and workers which is determined by pay. In most cases, workers in the purist sense implies contractual manpower, which most often is a laborer or wage earner.

Note however that in most common usage, employees, staff and workers are used synonymously.

Also note that salaries are actually annual, broken down to monthly payments. From the perspective of an employer, your salary is your annual total gross, not what you take home every 4 weeks. Thus, it's not the monthly rhythm that determines what we call salary.

Here in nigeria, bank contract staff are actually wage earners even if they get paid monthly. This is on account of them having no other benefits outside their earnings, except by benevolence of the bank. Having wages only reduces the bank's personnel overheads, as they save money that instead would've gone to benefits, grants, etc. Contract staff can be fired at a whim without any messy accruals or entitlements of pension wranglings.

247notire:
People still have life ambitions u knw, ppl still want to practise their field of endeavours as many and diverse as they are. Also there are career paths in those things and I used oil company as an example because the op used it. There are many fulfilling and we'll paying careers in IT, academics, oil and gas, hospitality, food and beverage industries, pharmacy, just name it. Note that I pointed out the wrong notion that thr are no jobs. Truth is there are jobs out thr, many may not be so well paying but I have never despised humble beginnings. Working for someone can also give u insight and experience into establishing ur own dreams. Hey, dnt get me wrong, I'm not saying they shud just wait till they get well paying jobs, I'm just trying to dispel the notion that anyone still looking for job is foolish, no! Thr are many firms out thr and if u work ur way to the top, with astute business sense, u will also be very wealthy and fulfilled. Graduates should not shy away from practising in their fields just because of the notion that there are no jobs. Be positive. There are jobs, it's up to u to grab any opportunity u get.

You just spoke my mind. Everybody keeps screaming the word entrepreneur. Many fail to realise that we still need people who practice what they studied. If everyone goes into business who would then be our doctors, lawyers, nurses, Academicians, etc Aliens?? Please note that I am not trying to discredit entrepreneurs, but we need to be realistic, we are losing some of our best professionals to this "Be your own boss" thing.

I hear the two schools of thought and I want to say that none of you is wrong. You see its about who you are. I worked for 28 years and I m today an entrepreneur. There is nothing that can prepare you for the difference in these life choices if you haven't experienced them. In conclusion, the certainty of a monthly salary may be an allure to some but them control and mastery that comes from doing your own thing if you got it right is out of this world.so be were you get your groove.

Good afternoon house. Please I need to get #10000 by Sunday December 6, 2015, since I do not want to inconvenient family and friends, I decided to do labour work that will enable me raise the money before this Sunday. So please if you know where I can get to do any legitimate labour work on the mainland that can get me the cash, kindly post it here or send it to my email address boboye209@gmail.com or call 08121474421. Thank you very much and God bless you all.

dearpreye:
My financial struggles of the past forced me into having the mindset outlined by the poster, hahn. It's now a huge risk to be fully employed without one thinking outside the box. It's a monumental gamble. With a job loss or one huge financial disaster, one's thrown into hunger and deep frustration.

The information age requires an entirely different approach to the acquisition of wealth. One has to think far into the future.

I'll recommend Robert Kiyosaki's Cashflow Quadrant for anyone willing to understand this thread better.

borrowed this book and I'm yet to read it

Acecube:
borrowed this book and I'm yet to read it

That's good. Now take all the time in the world to read and understand it. I'll also suggest MONEY WONT MAKE YOU RICH by Sunday Adelaja. Good luck.

Nihilist:


OK...



Pardon?

i have my side attraction too and my 9-5 is as useful and productive as my 5-9. The ops only want you not to settle on the the salary alone. it is not enough to break the vicious circle of poverty.

[quote author=Nihilist post=40649613]This article is so wrong I dont even know where to begin

1. The average employee typically works a 5 day week or roughly 20 days in month. I completely disgree with the premise of the OP's dubious calculations, but even if the calculations were grounded in some sort of logic, shouldn't the OP be dividing by 20 instead of 30?

2. The OP also misses the point by comparing an employee and his steady income to Hawkers,Truckers etc with their irregular cash flow. Again I doubt the veracity of his stats with regards to the earnings of hawkers, truckers and co, but even if the stats were true, The OP still fails to consider that even though the Hawker could earn 2000 Naira in a day, he/she is not guaranteed an income of 120k per month unlike the Banker

The crux of the OP's assertion is Business Owners have the potential to earn more than employees. The OP fails to consider the level of risk that these entrepreneurs are exposed to.

For the vast majority of people, it is better to go to work and be guaranteed your 300k monthly salary jejely, than to go and out hustle with no true knowledge of when the next paycheck is coming.[/quote


The OP seems to be from these GNLD and their likes because these are the types of statistics they give you during their lectures. End time statistics?