In Nigeria Which is the Bigger Risk for the Youths, Government paying Jobs or Entrepreneurship?

In Nigeria it is not uncommon for youths to view a high government paying job as the sole yardstick to achieving their dreams while also thinking that during retirement the Government or Company will take care of them.

However,these notion is riddled with a lot of questions:

What if the company goes bankrupt?

What if by chance you loose the ability to perform the job?

What if the government in a deficit cannot afford to pay your salary for months even for years, then what is the fate of your family, children and dreams?

Will the pension structure in the country get better? (Don't forget the many stories of pensioners who have died on the queues awaiting their pensions as well as war veterans who  presently are living in abject poverty and the many stories of looted pension funds in the country)

While most people look at starting up a business as an unnecessary risk taking adventure especially at the possibility of getting a government paid job, we must not forget that there is a risk involved in everything and most importantly that the biggest risk is not taking the risk at all.

If you can't take a risk in this age I am sure you won’t be able to take any risks when you are getting old.

Take a look at this scenario, Dangote has created an income which can be willed to his generations to come, this is because business grows and is not a cycle as a paying job that demands your time, certifications taking up additional courses and having your life constantly directed by another.

You cannot pass down your professorship to your children but you can build a business empire that can be passed down to your generations to come.

Before choosing between this two also , consider the Cash-flow quadrant, a diagram which clearly shows the income, expenses, assets and liabilities and how these are connected together.

As an employee, your  quadrant looks like this: the income you earned by working for an owner will be spent in expenses, another  portion of the income will be paid as taxes to the government, while some of the money will be paid to banks for the loans you have taken (which you must take to keep afloat).

From the above, you can infer that:  ultimately there are no assets left only liabilities while you keep working for the owner of the organization, the Government and the Banks.

The time you are using to tailor CVs so far could have gone into creating a business to help create more wealth.

More entrepreneurs, more wealth, more government workers more liability time waits for no one act fast before its too late.

Find out more about Train Nigeria learn Nigeria at Train Nigeria Learn Nigeria

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