img

Family business vs Job

Hey! A bit background about me, 2023 grad, cs @ tier 1 university, currently at SDE role earning ~1.5L. I do have a decent network, good communication skills (sab to bolte hai), good drive ig. I’m also good at CS and probably can get good offers and good growth (high rating on codeforces). I was always aligned with entrepreneurship and I definitely don’t see myself working at a job after ~7-8yrs My father wants me to join the family business in the next year, I can prolly make 10x within months and will be having full ownership later, might be able to grow much more later. Simply it seems like joining is the obvious choice, but that means sacrificing my whole career that could have been different, smart friend group, and other pros. Honestly passion is not an issue, I think earning money is my only life goal :p

img

JadeArgent

Independent Law Practice

5 months ago

img

NewLevel

Freshworks

5 months ago

img

rabri

Goldman Sachs

5 months ago

img

batman_007

Unnamed

5 months ago

Sign in to a Grapevine account for the full experience.

Discover More

Curated from across

img

Misc on

by codebreaker

Founder

Why are there not enough folks having entrepreneurial aspirations?

I am addressing folks who have progressed in their careers enough to earn at least 30 LPA. If you are earning this much in India, you are already in the creamy layer of lifestyle. You can afford a decent house, a decent car and probably save up some assets for children's education (A lot of people bring up the expensive school fees). If you get a salary hike from 30LPA to 40LPA, there is a high chance that your lifestyle will not change that much. Your savings will go up, but still it will take years to retire early in either case. It's quite apparent that if you want to improve your lifestyle at this stage (highest-end middle class), you will require an income source capable of providing leverage and exponential growth. Barring a few folks I know, everyone else is busy grinding leetcode, mugging up system design for their next job switch or even worse, kissing ass for the next promotion. Why don't enough people start learning about business on the side and slowly start investing their free time in learning everything they can about it ? I am sure it will be a much better time investment if you play your cards correctly for a long enough time (I am pretty sure this is still a quicker path to riches as compared to 30 years of SIP investments). Note: I completely understand that many people have monthly payment obligations like EMIs. And that's why my question is about 'aspirations'. I am not asking 'Why are people not leaving their jobs to pursue entrepreneurship?'. I am rather asking 'Why are people not even thinking about anything else apart from the next (disappointing) hike?'