Tuesday, 24 May 2022

A Message For the Youth

 A Message For the Youth

The Difference between Entrepreneur Mindset and Non Entrepreneur Mindset 

While the country gets affluent and opportunities grow, that does not mean life is getting easier for the youth or that you can take your future for granted 

The days of stable jobs that promise you a career have been are over. Don't look at your father and expect that yours will be a similar journey. This is the cardinal truth that the youth have to face and this is by no means a figment of my imagination

 Careers have started shrinking and Retiring Early is becoming a trend. How much the Retirement Age will shrink is anybody's guess

 Entrepreneurship is on the rise which actually means the attitude of working together for each other's benefit is going to become extremely important

 The "Being First in Class" and "Being Best at Work" mindset is no longer relevant and can actually come to haunt you by becoming a challenge to your growth 

If you are on a Salary or you Run an individual Practice, there's a shift that you must have to consider over your life span

A Shift into Entrepreneurship Mindset. Starting an Enterprise or becoming a part of an Enterprise in the capacity of an owner worker is the shift that will have to be considered 

An Entrepreneurship Mindset is in itself a philosophy that needs to be studied in greater detail and then adopted with passion

 An Entrepreneur always is inspired by a Vision of Solving A Bigger Problem for which he needs resources. This sets him apart from the others who wish to have a much easier start without limitation of resources; where money becomes the means as well as the ultimate end; where money and purchasing power alone defines joy and purpose of life. They are  being driven by high salaries / Incomes & just cannot Quit the Rat Race .

The Salaried / Practioner Work for someone else or even themselves until they are tired or retired. An Entrepreneur at best will work a few years, gain the skill and move on to be a part of a larger Vision

 The Salaried and Practice (S & P) mindset focuses on Spending, Borrowing, and living a Life of EMIs that leaves them with very little to invest. An Entrepreneur mindset focuses on Higher Saving, Higher Investing,  Higher Wealth Creation, and living a life of measured Spending that provides meaningful happiness but not one-upmanship demonstration. For example Narayan and Sudha Murthy, Ratan Tata, etc

The Salaried Practitioner often live up to  the expectation of others while the Entrepreneur lives up to his own expectations of fulfilling his/ her  larger Purpose 

The Non Entrepreneurs depend on a Single Income Salary, Overtime & Perks. The Entrepreneur depends upon multiple sources of income such as  Rent, Dividend, Revenue Sharing, Asset Growth, Royalty, and Salary

The Non Entrepreneur mindset spends more on Entertainment (Social Media, Movies, and Holidays) while the Entrepreneur mindset spends more on Education ( Self Growth, workshops, Books, and Courses ).

Raja Bhattacharjee


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