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Founder's Journal

The Fallacy of Corporate Stability

Founder's Journal

Morning Brew

Entrepreneurship, Careers, Business

4.81.1K Ratings

🗓️ 1 June 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

Episode 55: Alex Lieberman (@businessbarista) talks about the mirage of corporate stability. Something he experienced during his time at Morgan Stanley, which he thought was a dream job. It turns out that job security isn’t that secure when your company goes through layoffs. Having a corporate job isn’t bad, but it should be noted that loyalty to a company is often a one-way street. Send us an email and let us know what you think of the idea! thecrazyones@morningbrew.com #TheCrazyOnes #Startups #Entrepreneur Listen to The Crazy Ones here: https://link.chtbl.com/OV4W93_W Watch The Crazy Ones here: https://www.youtube.com/@TheCrazyOnesPod Subscribe to Morning Brew! Sign up for free today: https://bit.ly/morningbrewyt Follow The Brew! Instagram - https://www.instagram.com/morningbrew/ Twitter - https://twitter.com/MorningBrew Tik Tok - https://www.tiktok.com/@morningbrew Follow Our Hosts! Alex Lieberman (@businessbarista) Jesse Pujji (@jspujji) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

What's up everyone? Welcome back to another episode of The Crazy Ones. This is Alex, and I am back with a journal style episode of the show.

0:08.5

Today, I want to talk about why the idea of stability in a corporate job is a complete lie. Let's hop into it.

0:17.0

What's up everyone? I'm Alex Lieberman.

0:19.5

Yo, this is Jesse Pooji.

0:22.0

And this is The Crazy Ones.

0:25.0

We're going to get a little bit heady with this episode. It's a little bit less tactical than normal.

0:32.0

But sometimes I think it's worth challenging the assumptions we have about the world.

0:36.5

The things we've always been told to be true. And this is one of those topics.

0:39.5

I believe the idea of stability in corporate America is a complete fallacy.

0:44.5

And I'm going to tell you a quick story to illustrate why.

0:48.0

Before Morning Brew, I worked for a year at Morgan Stanley. And you have to understand this was my dream job.

0:55.0

All of my family worked in finance, my dad did, my mom did, my grandpa did.

1:00.5

I dreamed of working on Wall Street my entire career.

1:03.0

The combination of that with also graduating from college and only having 10,000 email subscribers from Morning Brew and no revenue for the business yet.

1:12.0

I felt a little bit crazy to take the leap of faith into entrepreneurship at that point.

1:16.5

Which now that I think about it, we're going to take a quick detour because I feel like this is a quick lesson in itself.

1:22.5

And we'll get back to the point about corporate stability.

1:25.0

This idea of leap of faith, right? We talk about taking leaps of faith in our lives.

1:30.5

I also think this is an incredibly stupid saying within the world of startups.

1:35.0

Leap of faith encourages a certain risk hungry gut driven mindset.

1:40.5

That's just not realistic for most entrepreneurs.

1:44.5

I can speak from experience. Most of the great founders I know didn't take leaps of faith.

...

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