Wednesday, December 10, 2008

You, Inc.

With the ever-changing business environment and economies being closely linked nowadays, employers and employees alike have to constantly evolve and find ways to compete and survive in today's market.

Given that insight, one therefore has to think like a company. Employees are only good as long as the company finds value in hiring their services. So it only makes sense that employees treat their employers the same way. You don't want to be caught off-guard when one day your company tells you that you suddenly have no value to them, or that they are suddenly closing shop and you'll be out of work.

As individuals, you have to know what you're good at and what skills will be most marketable to most companies. Like companies, we constantly have to scan the environment for opportunities. We always have to make investments in ourselves by constantly learning new skills so we can always be ready to whatever the business environment brings us.

There is this sort of thinking, at least for me, that it's either you have a full-time job or you have your own business. I think that view is incorrect. We can/must do whatever it is needed to make us self-sufficient just like what companies do.

Anything goes for us as long as this makes us happy. We can have a day job and have other 'sidelines' that supplement our income, or we can have several jobs, or we can start-up a business.

You can be an entrepreneur anytime. Entrepreneurship is all about taking advantage of opportunities and making money in the process. It doesn't strictly restrict itself to having a brick-and-mortar business, especially now in the information age.

In a capitalist or free-market society, we are always trading something. We trade our skills for pay from our companies. We trade goods when we own a business. It's all about trading something. So, just like econ 101, us individuals must know what our compartive advantage is (or what our strenthgs are) and build a living out of it.

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