MBA658 Q&A Weekends: I just graduated. I have no money to start a business. Is getting a job a bad choice?

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.9 • 1.2K Ratings

🗓️ 18 June 2016

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

It's Q&A Weekends and today we've got an audience member with a conundrum: He's a recently graduated aspiring entrepreneur with no money to start a business. Should he just get a conventional job? Would regular work hurt his ability to start his own business? Can he do both? We chew this loyal listener's predicament over. Click play!

Transcript

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0:00.0	Hey, welcome to the $100 MBA show and today is a Q&A weekend's episode where we answer your question right here on the show.
0:17.0	If you have a question you want to ask, just email us over at support at business republic.net.
0:22.0	As always, I'm your host, your coach, your teacher, Omar is at home.
0:26.0	I'm also the co-founder of the $100 MBA, a complete business training and community online over at
0:32.0	100 MBA.net.
0:34.7	Today's question comes from JD.
0:36.7	And JD asks, I just graduated.
0:39.7	I don't have enough money to start a business.
0:41.8	Is getting a job a bad choice?
0:44.0	First of all, JD, congratulations for recently graduating.
0:47.0	I'm not sure if you're graduating from high school or college, but either way it's a milestone in your life.
0:53.1	But JD's question is an interesting one.
0:55.3	He's concerned about not having any cash for them.
0:57.5	A lot of people graduating from college, especially in the US, are in debt.
1:02.0	How can they start a business with that kind of financial
1:04.4	situation? So of course they ask can I just get a job, make some money, get on my
1:09.3	feet so I can maybe start a business in a few years. This is a very common question.
1:14.1	And a question I think is not addressed often enough.
1:17.0	Having the finances to start a business
1:18.8	is a reality we have to deal with.
1:21.2	Because we're not just talking about money for the business, we're also talking about just,
1:24.2	I need money to live.
	...

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